Convene Hospitality Group (CHG), the parent company of global hospitality brand Convene, has acquired members-only coworking brand NeueHouse, which filed for Chapter 7 bankruptcy in September 2025.
Convene took ownership of all of NeueHouse’s intellectual property, as well as the operation of its flagship venue in Madison Square in New York City. The acquisition was finalized through a court-approved Asset Purchase Agreement.
The New York location is an eight-story building that includes an event space, an 80-seat screening room, podcast studios, lounges, private offices, and a members-only restaurant and bar.
“I’ve long been inspired by NeueHouse’s vision to be a home for entrepreneurs, creators and creatives,” Ryan Simonetti, president and CEO of CHG, stated on LinkedIn. “CHG was in a unique position to help shepherd NeueHouse into the future, and we are committed to supporting this incredible community as a home for the curious.”
NeueHouse was founded in 2011 by Joshua Abram, Alan Murray, and James O’Reilly as an invitation-only coworking and social club. The company opened its first venue in 2013 at 110 E. 25th St. in Madison Square in New York City before expanding to Los Angeles. At the time of the acquisition, CHG had not announced plans to reopen the Hollywood and Venice Beach locations in California.
Despite raising $25 million in venture funding in 2015 and another $30 million in 2018, NeueHouse faced persistent financial difficulties, including high lease costs and expansion expenses. By March 2025, NeueHouse’s debt had reached $83.7 million and the company ceased operations in early September.
