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

Pride Holdings Group (OTC: PHSE), an emerging and publicly traded leader in LGBTQ+ hospitality and entertainment, has announced the acquisition of Stonewall Bali, one of Southeast Asia's premier LGBTQ+ destinations. This strategic expansion marks a significant milestone in the company's growth across Asia-Pacific, aligning with Pride's long-term vision to establish itself as the global leader in LGBTQ+ hospitality, nightlife and lifestyle assets. The acquisition represents Pride Holdings Group's continued commitment to expanding its global footprint while maintaining the unique character and inclusive atmosphere that has made Stonewall Bali a beloved destination.

Stonewall Bali, located in Badung, Bali, will maintain its tradition of being an inclusive venue for dining, wine and spirits and shows. The popular destination will continue to be locally managed by former owner Chris Bailey, who has also joined Pride Holdings Group as the new director of strategic impact and expansion, under the company's Australia and Southeast Asia division. This continuity in management ensures that the venue's established reputation and community connections remain intact while benefiting from Pride Holdings Group's global resources and expertise.

Mike Barrett, CEO of Pride Holdings Group, emphasized the strategic importance of this acquisition, stating that the company is proud to add Stonewall Bali to its diverse portfolio which includes properties in Europe, the United States and now Southeast Asia. Barrett noted that Bali is one of the world's most visited and desired tourist locations, expressing excitement about embracing and cultivating this market as the company expands its worldwide presence. This expansion into Bali represents a calculated move into a market with substantial growth potential for LGBTQ+ hospitality services.

Bali, Indonesia, known for its diverse landscapes, rich cultural heritage and stunning beaches, welcomes millions of international visitors annually, with significant tourism from Australia and Europe. This acquisition fulfills Pride Holdings Group's vision to continue its acquisition of properties in this global region to further develop its position in the LGBTQ+ travel and hospitality market. The strategic importance of this location cannot be overstated, as it provides access to one of the world's most vibrant tourism economies while serving as a gateway to broader Southeast Asian markets.

Craig Bell, director of Australia and Southeast Asia for Pride Holdings Group, highlighted that as the company expands in Australia and Asia, the ownership of Stonewall Bali is a key factor as part of its strategic growth plan. This acquisition demonstrates Pride Holdings Group's commitment to thoughtful, strategic expansion that respects local cultures while bringing global standards of LGBTQ+ hospitality to new markets. The move positions the company to capitalize on the growing demand for inclusive travel experiences in regions where such offerings remain limited.

The acquisition of Stonewall Bali represents more than just another property addition to Pride Holdings Group's portfolio. It signifies the company's growing influence in global LGBTQ+ hospitality markets and its ability to identify and capitalize on strategic opportunities in high-growth tourism destinations. By expanding into Southeast Asia through this acquisition, Pride Holdings Group strengthens its position as a truly global player in LGBTQ+ hospitality while bringing its expertise and resources to a market that stands to benefit significantly from enhanced inclusive tourism offerings.