Pride Holdings Group (OTC: PHSE), a diversified holding company targeting 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 in a press release on June 11, 2026, aligns with the company's strategic initiative 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 Pride Holdings Group'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."
Pride Holdings Group plans to leverage its operational expertise and capital resources to optimize Trevi Lounge's performance through strategic marketing initiatives, enhanced programming, and potential brand expansion. The company also intends to explore synergies across its broader portfolio to drive incremental revenue streams and margin improvement. By adding Trevi Lounge, Pride Holdings Group underscores its disciplined acquisition strategy focused on identifying undervalued or undercapitalized assets with strong upside potential.
This acquisition is significant as it demonstrates Pride Holdings Group's commitment to building a portfolio of LGBTQ+-oriented hospitality assets that are both culturally important and economically viable. The company remains actively engaged in evaluating additional opportunities that align with its growth thesis, indicating a potential trend of consolidation in the LGBTQ+ nightlife and entertainment sectors. For investors, this move signals that Pride Holdings Group is executing on its strategy to create long-term shareholder value by acquiring and scaling iconic venues.
Pride Holdings Group is publicly traded and focuses on acquiring, operating, and scaling LGBTQ+-oriented hospitality, nightlife, entertainment, and real estate assets. The company aims to create safe, inclusive, and economically sustainable community spaces while delivering value to shareholders. More information about the company and its acquisitions can be found on its website.
This press release includes forward-looking statements subject to risks and uncertainties. Pride Holdings Group undertakes no obligation to update these statements except as required by law.
