NeueHouse Acquired by Convene Hospitality Group | Consumer M&A Deal

Convene Hospitality Group has acquired NeueHouse, a consumer other business in New York, for $230 million. NeueHouse operates flexible hospitality and workspace experiences for members in New York City, supporting events, community programming, and premium shared spaces. Convene Hospitality Group acquisitions expand its consumer M&A footprint across NY acquisitions and strengthen its platform acquisition strategy in the consumer deals NY market. The private equity acquisition is structured as a platform acquisition with deal size reported around $230 million to $300 million, targeting growth in new markets and member demand.