Pride Holdings Group has secured a ten-year lease for Stonewall Newtown, an iconic LGBTQ+ venue in Sydney, with major refurbishments already underway and an opening scheduled for early January 2026. The lease, negotiated by Craig Bell, enables the company to revitalize the venue while preserving its cultural significance. Upgrades include improvements to entertainment spaces, facilities, sound, lighting, and accessibility, aiming to elevate the guest experience while maintaining its role as a safe community space.
This acquisition represents Pride Holdings Group's third expansion into Australia and Asia within four months, signaling aggressive growth in the region. CEO Mike Barrett stated the company aims to strengthen its position as the preeminent LGBTQ+ company in Australia and looks to open more locations around Australia, New Zealand, and Asia in 2026 and beyond. The company describes itself as the premier LGBTQ+ hospitality and cultural rollup, focusing on acquiring high-value properties and creating tech-enabled membership platforms.
The move highlights the ongoing consolidation and professionalization within niche hospitality sectors, particularly those serving specific communities. For business leaders, it demonstrates how specialized rollup strategies can target underserved markets with high cultural loyalty. The investment in venue upgrades and long-term leasing reflects confidence in the sustained demand for inclusive, community-oriented entertainment spaces, which may influence real estate and hospitality investment trends in other metropolitan areas globally.
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