Pride Holdings Group Expands Global LGBTQ+ Hospitality Portfolio with Stonewall Bali Acquisition

Pride Holdings Group, trading under OTC: PHSE, has significantly expanded its global footprint with the acquisition of Stonewall Bali, one of Southeast Asia's premier LGBTQ+ destinations. This strategic move represents a major milestone in the company's growth across the Asia-Pacific region and aligns with Pride's long-term vision to establish itself as the global leader in LGBTQ+ hospitality, nightlife, and lifestyle assets.

The acquisition of Stonewall Bali positions Pride Holdings Group as an emerging leader in the rapidly growing LGBTQ+ travel and hospitality sector. Located in Badung, Bali, Stonewall Bali will maintain its tradition as an inclusive venue for dining, wine and spirits, and entertainment shows. The popular destination will continue to be locally managed by former owner Chris Bailey, who has joined Pride Holdings Group as the new director of strategic impact and expansion under the company's Australia and Southeast Asia division.

Mike Barrett, CEO of Pride Holdings Group, emphasized the strategic importance of this acquisition, stating that Bali represents one of the world's most visited and desired tourist locations. The company views this expansion as an opportunity to embrace and cultivate the Southeast Asian market while strengthening its worldwide presence. This acquisition adds to Pride's diverse portfolio, which already includes properties in Europe and the United States, creating a truly global network of LGBTQ+ hospitality destinations.

Bali, Indonesia welcomes millions of international visitors annually, with significant tourism from Australia and Europe, making it an ideal location for Pride Holdings Group's expansion strategy. The island's diverse landscapes, rich cultural heritage, and stunning beaches provide a compelling backdrop for LGBTQ+ travelers seeking inclusive and welcoming destinations. Craig Bell, director of Australia and Southeast Asia for Pride Holdings Group, confirmed that the ownership of Stonewall Bali represents a key factor in the company's strategic growth plan as they expand throughout Australia and Asia.

The acquisition demonstrates the growing economic power and influence of the LGBTQ+ travel market, estimated to be worth billions globally. As more companies recognize the value of inclusive hospitality, Pride Holdings Group's expansion into Southeast Asia positions them at the forefront of this emerging market segment. The company's approach of acquiring well-known properties while maintaining local management expertise represents a sustainable model for global expansion in the hospitality industry.

This strategic move also highlights the increasing globalization of LGBTQ+ businesses and the growing acceptance of diverse communities in international tourism markets. By establishing a presence in Bali, Pride Holdings Group taps into one of the world's most popular tourist destinations while contributing to the development of more inclusive travel options for LGBTQ+ individuals and their allies worldwide. The company's continued expansion across three continents signals a significant shift in how LGBTQ+ hospitality businesses operate on a global scale.