Investment Firm Acquires Austin LGBTQ+ Nightclub Cheer Up Charlies

Investment firm acquires Austin LGBTQ+ nightclub Cheer Up Charlies

The Red River Street fixture has faced financial issues on more than one occasion.

Cheer Up Charlies To Be Acquired by Florida Company Pride Holdings

Just weeks after Cheer Up Charlies garnered headlines for nearly closing its doors forever due to unpaid rent, news broke today that the iconic Austin hangout will be acquired by a Florida company called Pride Holdings. The firm owns a portfolio of LGBTQ+ establishments, including nightclubs in Fort Lauderdale and Key West, as well as The Stonewall Hotel in Sydney, Australia (which pays homage to but is not connected with the iconic Stonewall In…

Cheer Up Charlies sold to investment firm buying up LGBTQ+ bars and nightclubs

As part of the deal, Maggie Lea and Tamara Hoover stepped down as owners of the queer-friendly venue. Pride Holdings will handle Cheer Up Charlies' rent, payroll, taxes, insurance and the cost of live entertainment.