Convene Hospitality Group has acquired the coworking and private membership brand NeueHouse following bankruptcy proceedings. The deal includes NeueHouse’s intellectual property and the continued operation of its Madison Square location in New York City.
The acquisition was completed through a court-approved Asset Purchase Agreement after NeueHouse filed for Chapter 7 bankruptcy in September 2025. Financial terms were not disclosed. There are no plans to reopen NeueHouse’s former Los Angeles locations, according to Coworking Europe.Â
Scope of the Transaction
The agreement covers the NeueHouse brand and its remaining active location near Madison Square. Convene had been operating the New York site for several months prior to completing the acquisition.
Background on NeueHouse
NeueHouse was founded in 2011 as an invitation-only coworking and membership club serving professionals in creative fields including film, fashion, design, publishing, and the arts. Annual membership fees reached up to $3,000, depending on access.
The company opened its first location in New York City in 2013. The eight-story building included event space, an 80-seat screening room, podcast studios, lounges, private offices, and a members-only restaurant and bar. NeueHouse later expanded to Los Angeles with locations in Hollywood, Venice Beach, and the Bradbury Building in Downtown Los Angeles.
Funding and Financial Position
NeueHouse raised $25 million in venture funding in 2015 and an additional $30 million in 2018, alongside a leadership change. Despite hosting cultural events and private gatherings, the company faced ongoing financial challenges.
By March 2025, NeueHouse’s total debt had reached $83.7 million, according to internal financial documents. Former executives cited high lease costs, restaurant losses, and expansion expenses as contributing factors.Â
In early September 2025, the company announced it would cease operations due to unresolved legacy liabilities.
Convene Hospitality Group
Convene Hospitality Group operates premium meeting venues, event spaces, and flexible offices across multiple markets. Its portfolio includes conference facilities, private office suites, and communal workspaces serving corporate and institutional clients.
Following the acquisition, Convene will continue operating the NeueHouse Madison Square location and retain the brand name.
