Membership Collective Group expands The Ned to North America | Company

NEW YORK–(BUSINESS WIRE)–June 30, 2022–

Today, Membership Collective Group (NYSE: MCG) opened at The Ned NoMad in New York City, its second property for The Ned members club and hotel and its first location in North America.

The Ned NoMad, the first international outpost of The Ned, the Soho House team members club. (Photo: BusinessWire)

Five years after its successful debut in London, The Ned NoMad is poised to deliver a high membership experience in New York’s revitalized NoMad district.

“We had such a warm response to The Ned NoMad from our existing Ned members and New Yorkers. The city has been on our wish list for some time and it is encouraging to see the demand for member spaces where like-minded professionals feel they can thrive both socially and professionally. Following the success of The Ned in London and demand from our members, we look forward to expanding The Ned internationally over the next few years,” said Nick Jones, CEO of Membership Collective Group.

The Ned caters to a professional demographic, leveraging MCG’s 27-year success in building membership brands. Located in the Johnston Building, The Ned NoMad covers 117,000 square feet and includes Ned’s Club; a members’ club that gives access to spaces including a rooftop terrace, as well as 167 rooms. It also houses a restaurant, Cecconi’s, the famous group of Venetian-inspired restaurants owned by MCG. The restaurant marks Cecconi’s first location in Manhattan and second in New York, taking the Italian restaurant group to 13 locations worldwide.

Expansion within the Membership Collective Group continues this year with the opening of a third Ned location in Doha, Qatar, new Soho House locations including Stockholm, a second property in Miami, Copenhagen, Mexico City and Bangkok, and The Line Hotel in San Francisco.

About Membership Collective Group Inc.

The Membership Collective Group Inc. (MCG) is a global membership platform of physical and digital spaces that connects a dynamic, diverse and global group of members. These members use the MCG platform to work, socialize, connect, create and thrive anywhere in the world. We started with the opening of the first Soho House in 1995 and remain the only company to have developed a private membership network with a global presence. Members around the world interact with MCG through our global collection of 36 Soho Houses, 9 Soho Works, The Ned in London and New York, Scorpios Beach Club in Mykonos, Soho Home – our interiors and lifestyle brand – and our digital channels. LINE and Saguaro hotels in North America are also part of MCG’s broader portfolio. Learn more about MCG:membershipcollectivegroup.com

SOURCE CHANNEL: Membership Collective Group (MCG)

CONTACT: Investor Relations

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

SECTOR KEYWORD: RETAIL LUXURY RESTAURANT/BAR ACCOMMODATION DESTINATIONS TRAVEL

SOURCE: Collective Membership Group (MCG)

Copyright BusinessWire 2022.

PUBLISHED: 06/30/2022 10:47 AM/DISC: 06/30/2022 10:47 AM

Copyright BusinessWire 2022.

Jennifer C. Burleigh