Pride Holdings Group (OTC: PHSE) announced today that it has secured a 10-year lease of Stonewall Newtown, an iconic LGBTQ+ venue in Sydney, Australia. The lease, negotiated by Craig Bell, allows the group to revitalize and relaunch the venue while preserving its cultural and community significance. Major refurbishments and upgrades are already underway, including improvements to entertainment spaces, facilities, sound and lighting, and accessibility. The redevelopment aims to elevate the guest experience while honoring the venue’s legacy as a safe and welcoming space for the LGBTQ+ community. The newly revitalized Stonewall Newtown is planned 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. 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.”
Pride Holdings Group, described as the premier LGBTQ+ hospitality and cultural rollup, focuses on acquiring high-value properties, launching tech-enabled membership platforms, and creating new revenue channels through agency services. The lease of Stonewall Newtown underscores the group's strategy to set the global standard for inclusive hospitality while delivering sustainable growth to shareholders. The company is publicly traded under the ticker PHSE on the OTC market.
For more information, refer to the original press release on NewMediaWire. This announcement includes forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. Actual results may differ materially from those projected.
