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, enables the company 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 newly revitalized Stonewall Newtown is planned to open in early January 2026, ushering in a fresh era of entertainment, inclusivity, and community-driven programming.
This acquisition marks Pride Holdings Group’s third expansion into Australia and Asia in the past four months, following other strategic moves 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.”
Pride Holdings Group is a publicly traded company on the OTC market under the ticker PHSE. The company describes itself as the premier LGBTQ+ hospitality and cultural rollup, focusing on acquiring high-value properties, launching tech-enabled membership platforms, and creating new revenue channels through agency services. The lease of Stonewall Newtown is part of a broader strategy to expand its footprint in the Asia-Pacific region, aiming to set a global standard for inclusive hospitality while delivering sustainable growth to shareholders.
Stonewall Newtown has long been a safe and welcoming space for the LGBTQ+ community in Sydney. The refurbishment plans aim to elevate the guest experience while honoring the venue’s legacy. The upgrades include modernizing entertainment spaces, enhancing sound and lighting systems, and improving accessibility to ensure the venue is inclusive for all patrons. The reopening in early 2026 is expected to reinvigorate the local nightlife scene and provide a hub for community events and programming.
Forward-looking statements in the press release indicate that Pride Holdings Group intends to continue its expansion in Australia, New Zealand, and Asia through 2026 and beyond. However, the company cautions that these statements are subject to risks and uncertainties, and actual results may differ materially from expectations. The full original press release can be viewed on NewMediaWire.
