Pride Holdings Group Acquires Trevi Lounge, Expanding LGBTQ+ Hospitality Portfolio

Pride Holdings Group (OTC: PHSE), a diversified holding company focusing on high-growth opportunities in hospitality, entertainment, and consumer brands, announced the acquisition of Trevi Lounge, a well-established nightlife destination within the LGBTQ+ community. The acquisition, disclosed on June 11, 2026, through NewMediaWire, aligns with PHG's strategy to consolidate and elevate premier hospitality assets that combine cultural relevance with strong financial performance.

Trevi Lounge brings a loyal customer base, consistent revenue generation, and a recognized brand identity that fits PHG's long-term vision. Tim Majors, Chief Operating Officer of Pride Holdings Group, stated, "Trevi Lounge is exactly the type of asset we seek - culturally significant, operationally sound, and positioned for scalable growth. This acquisition enhances our hospitality portfolio while reinforcing our commitment to investing in iconic venues that serve as community pillars."

PHG plans to leverage its operational expertise and capital resources to optimize Trevi Lounge's performance through strategic marketing, enhanced programming, and potential brand expansion. The company also intends to explore synergies across its broader portfolio to drive incremental revenue and margin improvement. The addition underscores PHG's disciplined acquisition strategy, targeting undervalued or undercapitalized assets with strong upside potential.

Pride Holdings Group is a publicly traded holding company focused on acquiring, operating, and scaling LGBTQ+ oriented hospitality, nightlife, entertainment, and real estate assets. Through its portfolio of venues, events, and branded experiences, the company aims to create safe, inclusive, and economically sustainable community spaces while delivering long-term shareholder value. This acquisition marks a significant step in that mission, strengthening PHG's presence in the hospitality sector.

The forward-looking statements in this release are subject to risks and uncertainties, and Pride Holdings Group undertakes no obligation to update them except as required by law. For more information, visit the company's website or contact Media Relations at [email protected].