Pride Holdings Group (OTC: PHSE) announced on January 22, 2026, that it has secured a 10-year lease of Stonewall Newtown, an iconic LGBTQ+ venue in Sydney, Australia. The lease, negotiated by Craig Bell, enables the group to revitalize and relaunch the venue while preserving its cultural significance. Major refurbishments are underway, including upgrades to entertainment spaces, facilities, sound and lighting, and accessibility, with a planned opening in early January 2026.
This development represents Pride Holdings Group's third expansion into Australia and Asia in the past four months, following its strategy to strengthen its position as a leading LGBTQ+ company in the region. CEO Mike Barrett 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." Barrett also indicated plans for additional locations in Australia, New Zealand, and Asia in 2026 and beyond.
The refurbishments aim to elevate the guest experience while honoring Stonewall Newtown's legacy as a safe and welcoming space for the LGBTQ+ community. Pride Holdings Group, described as a 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 company is publicly traded under the ticker PHSE on the OTC market.
This lease agreement underscores the growing investment in LGBTQ+ venues and the expansion of hospitality brands catering to inclusive communities. For more information about Pride Holdings Group, visit https://www.prideholdingsgroup.com or view the original release on NewMediaWire.
Forward-looking statements in the press release caution that actual results may differ materially from expectations due to various risks and uncertainties, and the company undertakes no obligation to update such statements.
