
NeueHouse Clubs in Hollywood, Venice Beach and Manhattan Will Shut Down as of Friday
The NeueHouse chain of members only clubs catering to those working in creative industries will shut down on Friday. The company confirmed the decision with a lengthy message posted on its website.
NeueHouse owners cited “legacy liabilities” as the reason why the business could not continue.
“Although NeueHouse has created an extremely valuable business that is prized by members and event hosts, unfortunately, it has been burdened by legacy liabilities,” according to a statement attributed to the NeueHouse board. “Despite our best efforts to find a sustainable path forward – including exploring every possible solution to address these challenges – we have made the very difficult decision to wind down the business and close NeueHouse. Our last day of operations will be this Friday, September 5th.”
News of the swift shutdown surprised many industry insiders. NeueHouse locations in Los Angeles have become staples on the meeting and party circuit since the venture began more than 10 years ago.
“For over a decade, NeueHouse has served as a center of creativity, community, design and innovation where trailblazers have convened to push boundaries and discover new ideas. Our mission has always been to provide a space for creators, innovators and thought leaders to gather and connect. Thanks to you, that mission became a reality,” the statement read. “While this is certainly not the outcome we envisioned for our business, we believe it is the most responsible path for all our stakeholders, though we deeply regret the impact this decision will have on our valued employees, members and customers.”
The sudden shutdown comes as another ominous sign of significant struggles in the entertainment eco-system, particularly in Hollywood where the economy has faced headwinds ranging from natural disasters to labor strikes.
(Pictured: Variety hosted its Power of Young Hollywood party at NeueHouse Hollywood in 2023)
Originally published by variety.com. Syndicated material does not necessarily reflect the views of Grazia British.
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