Pride Holdings Group (OTC: PHSE) announced today that it has signed a Letter of Intent (LOI) to acquire Agriturismo Gatti Winery, a boutique winery and hospitality destination located in the historic village of Camino in Italy's Monferrato region. The proposed acquisition marks a strategic move by the company to diversify its portfolio of hospitality, tourism, entertainment, and lifestyle assets while establishing a foothold in one of Italy's most respected wine-producing areas.
Agriturismo Gatti Winery is known for its wine production, authentic Italian hospitality, and scenic destination experiences, nestled among the rolling vineyards of Monferrato. The acquisition would allow Pride Holdings Group to tap into the growing global demand for experiential travel, wine tourism, culinary experiences, and destination events. According to the company, the property aligns with its strategy of acquiring distinctive properties that offer operational growth potential and long-term value creation.
“The signing of this Letter of Intent marks an exciting milestone in our long-term vision for Pride Holdings Group,” said Tim Majors, Chief Operating Officer of Pride Holdings Group. “Agriturismo Gatti Winery represents a unique opportunity to combine hospitality, tourism, events, and premium wine experiences within a world-class destination. We believe this asset aligns perfectly with our strategy of acquiring distinctive properties that offer both operational growth potential and long-term value creation.”
Under the terms of the LOI, the parties will conduct due diligence and negotiate definitive transaction documents. Completion of the acquisition remains subject to customary closing conditions and execution of final agreements. Upon successful completion, Pride Holdings Group intends to evaluate opportunities to expand wine production, enhance hospitality offerings, develop event programming, and explore future integration with the company's broader hospitality and membership initiatives.
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. For more information, visit the company's website at https://www.prideholdingsgroup.com.
