Curated News
By: NewsRamp Editorial Staff
October 29, 2025
Pride Holdings Acquires Stonewall Bali in Major Asia Expansion
TLDR
- Pride Holdings Group gains strategic advantage by acquiring Stonewall Bali, expanding its LGBTQ+ hospitality portfolio into Southeast Asia's popular tourist market.
- Pride Holdings Group acquired Stonewall Bali through a strategic expansion that includes retaining local management and integrating the former owner as director.
- This acquisition promotes global LGBTQ+ inclusivity by expanding safe, welcoming hospitality spaces in Bali's diverse international tourism market.
- Stonewall Bali joins Pride Holdings Group's global portfolio, bringing its renowned dining, spirits, and entertainment to Southeast Asia's premier LGBTQ+ destination.
Impact - Why it Matters
This acquisition represents a significant expansion of LGBTQ+ friendly hospitality options in Southeast Asia, providing safer and more inclusive travel experiences for the global LGBTQ+ community. As international travel continues to rebound, the growth of verified LGBTQ+ welcoming establishments helps ensure that travelers can access destinations where they feel safe and celebrated. The expansion also signals growing corporate investment in LGBTQ+ tourism markets, which could lead to improved standards and more options for LGBTQ+ travelers worldwide. For local economies, this demonstrates the economic value of inclusive hospitality and may encourage other destinations to improve their LGBTQ+ welcoming infrastructure.
Summary
Pride Holdings Group (OTC: PHSE), an emerging leader in LGBTQ+ hospitality and entertainment, has made a significant strategic move by acquiring Stonewall Bali, one of Southeast Asia's premier LGBTQ+ destinations. This acquisition represents a major milestone in the company's expansion 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 company, which already maintains properties in Europe and the United States, now adds this iconic Balinese venue to its diverse portfolio, marking a crucial step in its worldwide growth strategy.
Stonewall Bali, located in the popular tourist destination of Badung, Bali, will continue its tradition as an inclusive venue offering dining, wine and spirits, and entertainment shows under the continued local management of former owner Chris Bailey. Bailey has joined Pride Holdings Group as the new director of strategic impact and expansion within the company's Australia and Southeast Asia division, ensuring continuity while bringing valuable local expertise to the expanding organization. The acquisition capitalizes on Bali's status as one of the world's most visited tourist destinations, known for its diverse landscapes, rich cultural heritage, and stunning beaches that attract millions of international visitors annually, particularly from Australia and Europe.
Company leadership emphasized the strategic importance of this move, with CEO Mike Barrett expressing excitement about embracing and cultivating the Balinese market as part of their global presence expansion. Craig Bell, director of Australia and Southeast Asia for Pride Holdings Group, noted that ownership of Stonewall Bali represents a key factor in their strategic growth plan for the region. The company continues to build its position as the premier LGBTQ+ hospitality and entertainment company through acquisitions of well-known properties, development of tech-enabled membership platforms, and creation of new revenue channels through agency services. Readers can view the original release on www.newmediawire.com for complete details about this significant industry development.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Pride Holdings Acquires Stonewall Bali in Major Asia Expansion
