The Red Rendezvous, a premade hangout.
The Hangout is a lot assignment introduced with The Sims 3: Ambitions, and also available in The Sims 3: Late Night and the downloadable world Hidden Springs. It is also available in the base game as of a certain patch update.
Hangouts look like a bar or pub. They generate a blue map tag featuring a cafe table. Hangouts always have juice bars in them, but adding a barbeque or a food register[TS3:WA] allows them to serve food as well. Beds can be added to create a tavern.
Sims with the party animal, excitable, or childish traits are attracted to hangouts, while Sims with the loner trait are repulsed by it. Hangouts are also attractive to Sims with a high charisma skill.
As of patch 36, if you add the required Showtime objects in a hangout, it will be able to host live show type gigs without requiring to change the lot assignment, allowing it to function as both lot types.
Hangouts in Twinbrook
The Red Rendezvous