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

Pride Holdings Group (OTC: PHSE), a diversified holding company targeting high-growth opportunities in hospitality, entertainment, and consumer brands, has announced its acquisition of Trevi Lounge, a premier nightlife destination within the LGBTQ+ community. The acquisition, detailed in a press release on NEWMEDIAWIRE, marks a strategic move to consolidate culturally significant hospitality assets. Trevi Lounge brings a loyal customer base, consistent revenue, and a recognized brand that aligns with PHG's long-term vision of creating inclusive, economically sustainable community spaces.

Tim Majors, Chief Operating Officer of Pride Holdings Group, emphasized the strategic fit: “Trevi Lounge is exactly the type of asset we seek - culturally significant, operationally sound, and positioned for scalable growth.” The company plans to leverage its operational expertise and capital to optimize Trevi Lounge's performance through enhanced programming, marketing initiatives, and brand expansion. Additionally, PHG intends to explore synergies across its broader portfolio to drive incremental revenue and margin improvement, reinforcing its disciplined acquisition strategy focused on undervalued assets with strong upside potential.

Pride Holdings Group, a publicly traded company, is dedicated to acquiring, operating, and scaling LGBTQ+ oriented hospitality, nightlife, entertainment, and real estate assets. This acquisition underscores PHG's commitment to investing in iconic venues that serve as community pillars while delivering long-term value to shareholders. Management remains actively engaged in evaluating additional opportunities that align with its growth thesis, signaling continued expansion in the LGBTQ+ hospitality sector.