Pride Holdings Group has secured a 10-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 agreement, negotiated by Craig Bell, enables the company to revitalize the venue while maintaining its cultural and community importance. This marks the company's third expansion into Australia and Asia within four months, strengthening its position in the region's hospitality sector.
The refurbishment project includes improvements to entertainment spaces, facilities, sound and lighting systems, and accessibility features. These upgrades aim to elevate the guest experience while honoring Stonewall Newtown's legacy as a safe and welcoming space for the LGBTQ+ community. The redevelopment represents a significant investment in Sydney's nightlife infrastructure at a time when many venues face economic challenges.
Mike Barrett, CEO of Pride Holdings Group, stated the company plans further expansion throughout Australia, New Zealand, and Asia in 2026 and beyond. This strategic move demonstrates the growing economic influence of LGBTQ+ focused businesses in the hospitality industry. The company's approach combines property acquisition with technology-enabled membership platforms and agency services, creating multiple revenue streams while promoting inclusive hospitality standards.
The Stonewall Newtown project has broader implications for Sydney's cultural landscape and the global hospitality industry. By investing in established community venues rather than building new properties, Pride Holdings Group demonstrates a model for sustainable growth that respects local heritage. The company's expansion reflects increasing recognition of the LGBTQ+ market's economic power and the demand for inclusive entertainment spaces worldwide.
Readers can view the original release on www.newmediawire.com for additional details about the announcement. The revitalization of Stonewall Newtown represents more than a business transaction—it preserves an important community space while introducing modern amenities that could set new standards for LGBTQ+ venues globally. As hospitality companies increasingly recognize the value of diversity-focused establishments, this development may influence investment patterns across the industry.
