The Recording Club The Recording Club
The Recording Club

Twenty
cities.

A global network of members-only creative environments for working artists.

Confidential · 2026 · Global Rollout Memorandum
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The Thesis

The world's working musicians do not have a third place. Studios are utilities. Clubs are social. The Recording Club is both, and it scales.

Why now

Recorded-music revenue has grown for nine consecutive years. Streaming created more working artists than at any point in the medium's history, and almost none of them have professional infrastructure that respects how they actually work.

The independent studio is closing. The home studio is isolating. Hotels and members clubs were never built for the craft. There is a category-defining gap between gear and community, and it is global.

The wedge

The Recording Club opens that gap with a single, repeatable unit: studios, rehearsal, podcast, wellness, kitchen, and programming under one roof, sized to a city's working creative class.

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Live Room, Los Angeles flagship
The Proof Point

Los Angeles,
operating.

The flagship is open in Santa Monica. Studios, rehearsal, podcast, wellness, fine dining, and programming under one roof. The unit is real, the membership is paying, and the operating model is observed, not modeled.

8rooms
Rooms in service
24/7
Member access
15+
Events / month
3/day
Wellness classes
Inside the flagship →
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What Members Get

Four pillars,
one membership.

01

Space

Recording, mixing, rehearsal, and podcast rooms tuned for sustained creative work. Consistent availability, on-site engineering, member lockers.

Studios · Rehearsal
Podcast · Mixing
02

Events

Live performances, listening sessions, fine dining, and seminars. Programming that brings members together around music, food, and ideas.

Performances
Dinners · Salons
03

Wellness

Gym, sauna, cold plunge, and scheduled classes. Built for the physical sustainability of long workdays and tour cycles.

Gym · Sauna
Plunge · Classes
04

Network

Reciprocal access across every Club worldwide. A working artist in any member city has a desk, a room, and a community waiting.

Reciprocity
Global Calendar
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Why It Travels

A portable
unit.

The same physical envelope, fitted to the same standard, programmed to the local creative culture. The unit travels because the spec does.

The Repeatable Unit

Footprint8–12K SQFT
Studio rooms4–6PER LOCATION
WellnessGym · sauna · plunge
HospitalityKitchen · bar · lounge
Member capacity800–1,500PER LOCATION
Build period12–18MONTHS
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The Twenty

Twenty cities, by cohort.

Los Angeles New York Miami London Tokyo Nashville Austin Atlanta Chicago Paris Berlin Seoul Mexico City San Francisco New Orleans Houston Seattle Boston Toronto Stockholm
Operating — Los Angeles
Series A — 4 anchor cities
Series B — 8 cohort cities
Series C — final 7
OperatingLos Angeles
Series ANew York · London · Miami · Tokyo
Series BNashville · Austin · Atlanta · Chicago · Paris · Berlin · Seoul · Mexico City
Series CSan Francisco · New Orleans · Houston · Seattle · Boston · Toronto · Stockholm
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References

Networks that scaled.

Members-only hospitality, vertical luxury, and creative-class infrastructure each have a global playbook. The Recording Club draws from all three.

Hospitality · Founded 1988

Aman

Demonstrates that uncompromising standards command pricing power and unlock destination demand. Slow growth, durable brand.

35 properties · $3B valuation$900M Cain / PIF round 2022, raising $2B more

Hospitality · Acquired by IHG 2019

Six Senses

A wellness-led luxury hotel network scaled methodically across Asia, Europe, and the Americas under disciplined ownership. Reference case for category-defining hospitality at controlled pace.

28+ properties · 20+ countriesIHG acquisition: $300M

Hospitality · Acquired by LVMH 2019

Belmond

Iconic ultra-luxury portfolio, including the Cipriani and Orient-Express, demonstrates that storied properties scale into a coherent global network. LVMH paid for the brand, not the bricks.

45+ properties · 25+ countriesAcquisition price: $3.2B

Beauty · Acquired by L'Oréal 2023

Aesop

An architecture-led retail brand grew patiently to global ubiquity. The most expensive acquisition in L'Oréal's history. Sales projected to exceed $600M in 2026.

400+ stores · 29 marketsAcquisition price: $2.525B

Fragrance · Acquired by Estée Lauder 2014

Le Labo

A craft category scaled globally without losing its handmade signature. Each location batch-mixes on site. Proof that ritual and discipline travel.

80+ locations · 20+ countriesEstée Lauder portfolio brand

Workspace · Acquired by CBRE 2024

Industrious

Premium workspace network that prioritized hospitality over square footage. Acquired by CBRE in early 2024 for $400M+, validating the design-led membership model.

200+ locations · 65 citiesCBRE acquisition: $400M+

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Unit Economics

The shape per location.

Build cost
$5–10M

Real estate fit-out, studio infrastructure, F&B + wellness build, working capital.

Member capacity
200–600

Calibrated to room count, programming density, and city catchment.

Member dues
$450–5,000/MO

Tiered by city and access level. Studio session fees additive.

Mature EBITDA
~20%

Steady-state margin after Year 2. Multiple revenue lines: dues, sessions, F&B, events.

Indicative ranges · Subject to market · Refined per location

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Capital Plan

A cascading raise, not a single ask.

Each tranche unlocks against the prior cohort's performance. Investors fund evidence, not promises.

Tranche 0
CapitalizedLA Flagship
Santa Monica. Operating, programming, member-paying.
Trigger to next: 12 months of operating data · member retention curve
Series A
$25–40M3–4 anchor cities
New York · London · Miami · Tokyo
Trigger to next: two locations EBITDA-positive · Year-2 cohort metrics
Series B
$60–80M8 cohort cities
Nashville · Austin · Atlanta · Chicago · Paris · Berlin · Seoul · Mexico City
Trigger to next: cohort 1 mature · brand demand pull · reciprocity-network effects
Series C
$80–120MFinal 7 + global infra
San Francisco · New Orleans · Houston · Seattle · Boston · Toronto · Stockholm
Path to liquidity event · global brand at scale
Total deployment Approximately $165–240M across the rollout, raised in stages matched to operating proof points. Equity, debt, and operator-level co-investment available at the location level for select cities.
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Sequence & Pace

Measured, by design.

Soho House opened twelve houses in its first fifteen years before scaling. The discipline of slow growth is what protects the experience that makes scaling possible.

01

Prove the unit twice

No tranche advances until two locations in the prior cohort are operating to spec and economics.

02

Build the operator bench

Each city is led by a general manager and creative director recruited from that scene. Headquarters supports, it does not impose.

03

Protect the membership

Selective admission, capped capacity, reciprocal access. The network effect compounds because the floor stays high.

04

Local programming, global standard

The room spec is identical city to city. The dinner, the lineup, the seminar are not. Soul travels through people, not playbooks.

Patio space
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Operating Model

A founder-led operator.

The Recording Club is built by people who have spent careers inside the room with the artist. The leadership operates the LA flagship and authors the playbook for every city that follows.

Founder & CEO

Greg Spero

Pianist, producer, and operator. Built the LA flagship from the room outward. Sets the spec for every Club that follows.

Operations

Studio & Hospitality

Combined leadership over engineering, hospitality, and member experience. Recruits and trains city operators.

Creative Direction

Programming & Brand

Local artistic leadership in each city. Owns events, partnerships, and the cultural temperature of every Club.

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In Closing

A place artists return to.
Now in twenty cities.

Request the data room for unit economics, market sizing, and current operating data on the LA flagship.

Request the Data Room
The Recording Club · Confidential · 2026