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Convene Acquires NeueHouse Intellectual Property, Madison Square Location
Convene Hospitality Group (CHG) has completed the acquisition of NeueHouse under the terms of an Asset Purchase Agreement approved in bankruptcy court. CHG has acquired the brand’s intellectual property and the operations of the NeueHouse Madison Square location at 110 E. 25th St.
“We’ve long been fans of the NeueHouse brand and wanted to preserve and nurture the incredible community it has cultivated,” said Ryan Simonetti, president and CEO of CHG. “CHG has been operating the NeueHouse Madison Square location for the past few months and we are committed to continuing its founding vision of bringing together people with a diverse set of backgrounds, united by a common curiosity. As CHG now takes full ownership of the brand, we are inspired by the opportunity to build upon this legacy.”
The Madison Square location was designed by renowned architect and designer David Rockwell. There are no current plans to reopen the Los Angeles locations.
- ◦Sale/Acquisition
