Convene Hospitality Group Raises $230 Million to Accelerate Global Expansion and M&A

New updates have been reported about Convene Hospitality Group.

Convene Hospitality Group has secured $230 million in new growth capital to accelerate expansion of its multi-brand meetings and events platform, with financing led by a new lending relationship with TPG alongside additional equity from existing shareholders including Ares funds. The company plans to deploy the capital into new venue development, enhanced technology and production capabilities, and targeted acquisitions to scale its portfolio of brands and special event spaces.

CEO and co-founder Ryan Simonetti said the funding will support strategic market expansion and disciplined mergers and acquisitions as Convene Hospitality Group responds to evolving demand at the intersection of corporate conferences, meetings, and experiential events. As the largest dedicated meetings and event venue provider in the U.S. and U.K., the company intends to leverage its integrated portfolio, which includes Convene, etc.venues, NeueHouse and other event properties, to enter new markets and deepen its presence in existing ones.

Backer Ares, which first invested in 2022, framed the latest capital infusion as a reaffirmation of its conviction in Convene Hospitality Group’s model and growth trajectory, citing the company’s ability to deliver premium spaces and experiences that differentiate it in a competitive hospitality landscape. TPG’s credit arm emphasized its support for the management team and its confidence in the multi-brand strategy as demand rises for high-quality, flexible meeting and event environments globally.

Operationally, Convene Hospitality Group plans to open new locations in New York City in 2026, including a Convene venue in the Scholastic Building in SoHo and two immersive event destinations, The Aperture and The Mallory, which will feature advanced projection mapping and flexible layouts for high-impact experiences. The company positions its value proposition around design-led environments, performance-focused operations, human-centered service, and chef-driven food programs, aimed at transforming commercial real estate into higher-yield hospitality-driven assets.

Management views the capital raise as a key enabler of its global platform strategy, supporting both organic growth and inorganic opportunities to consolidate a fragmented meetings and events market. For stakeholders, the transaction signals continued balance sheet support from institutional investors and provides Convene Hospitality Group with additional firepower to invest in technology, production, and talent to meet increasingly complex client requirements.

Moelis & Company acted as exclusive placement agent on the financing, underscoring the scale and sophistication of the transaction for what remains a privately held, sponsor-backed platform. With the new capital, Convene Hospitality Group aims to solidify its leadership in a rapidly evolving hospitality segment where the convergence of workplace, events, and experiential venues is reshaping demand patterns and economics for corporate and creative clients worldwide.