Soho House to Go Private in $2.7B MCR Acquisition

MCR Hotels, a hotel management company, announced a take-private agreement to acquire Soho House & Co., a private members’ club operator, for approximately $2.7 billion.

Shareholders will receive $9 per share in cash, reflecting an approximately 17.8 percent premium over the previous closing price of $7.64.

Ron Burkle, serving as Executive Chair, and Yucaipa Companies will roll over their majority equity stakes and continue to hold control of the company after the acquisition.

Among the new investors is actor and tech investor Ashton Kutcher, who will join the board of directors once the deal closes.

Financing is structured through Apollo Global Management with hybrid capital, supported by Goldman Sachs Alternatives, which will also provide additional funding.

New CFO Neil Thomson will take over from Thomas Allen.

CEO of MCR Hotels, Tyler Morse, will become Vice Chairman of the Soho House board.

The acquisition is expected to close by the end of 2025. Following completion, Soho House will cease trading on the New York Stock Exchange.

In July 2025, MCR took a minority stake in Hospitality Solutions (previously owned by Sabre) and appointed Tyler Morse to the board.

Photo by jens schwan on Unsplash