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 deal, disclosed 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. “Trevi Lounge is exactly the type of asset we seek - culturally significant, operationally sound, and positioned for scalable growth,” said Tim Majors, Chief Operating Officer of Pride Holdings Group. “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. Initiatives include strategic marketing, enhanced programming, and potential brand expansion. The company also intends to explore synergies across its broader portfolio to drive incremental revenue and margin improvement. The acquisition underscores a disciplined strategy focused on identifying undervalued or undercapitalized assets with strong upside potential. Management remains actively engaged in evaluating additional opportunities that align with its growth thesis.
Pride Holdings Group is a publicly traded holding company focused on acquiring, operating, and scaling LGBTQ+ oriented hospitality, nightlife, entertainment, and real estate assets. Through its portfolio of venues, events, and branded experiences, the company aims to create safe, inclusive, and economically sustainable community spaces while delivering long-term value to shareholders.
This press release contains forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially. Pride Holdings Group undertakes no obligation to update forward-looking statements except as required by law.
