Pride Holdings Group (OTC: PHSE) announced today that it has secured a 10-year lease for Stonewall Newtown, a landmark LGBTQ+ venue in Sydney, Australia. The lease, negotiated by Craig Bell, allows the company to revitalize the venue while preserving its cultural significance to the community. Major refurbishments are already underway, including upgrades to entertainment spaces, facilities, sound and lighting, and accessibility. The newly revitalized venue is slated to open in early January 2026.
This acquisition marks the third expansion by Pride Holdings Group into Australia and Asia in the past four months, underscoring the company's commitment to becoming a leading LGBTQ+ hospitality and cultural entity in the region. Mike Barrett, CEO of Pride Holdings Group, stated, "Great to keep the international expansion of Pride Holdings Group moving along. This is our 3rd expansion into Australia and Asia in the past 4 months, and we look to further strengthen our position as the preeminent LGBTQ+ company in Australia. As we continue to develop our brands in this region of the World, we will look to open more locations around Australia, New Zealand and Asia in 2026 and beyond."
The lease agreement and refurbishment plan reflect a strategic move to elevate the guest experience while honoring the venue's legacy as a safe and inclusive space for the LGBTQ+ community. Pride Holdings Group positions itself as a premier rollup of LGBTQ+ hospitality and cultural properties, focusing on high-value acquisitions, tech-enabled membership platforms, and agency services to drive sustainable growth. For more details on the company's vision and operations, visit the original release at www.newmediawire.com.
Forward-looking statements in this release involve risks and uncertainties, and actual results may differ materially. The company undertakes no obligation to update these statements. Media inquiries can be directed to the provided contact, though no call to action is intended for readers.
