Soho House Checks Out of Wall Street—Heads Back to Private Hands

Deal Dive

Soho House, the swanky members-only club chain, is under new private ownership. A group led by MCR Hotels is buying them out at $9 per share—a nearly 18% bump for shareholders.

CEO Andrew Carnie says this move will give the company back the flexibility it needs—to grow, protect its exclusivity, and stem the financial tide after a rough few years as a public company.

Breaking It Down

• Who’s in the driver's seat: MCR Hotels leads, bringing experience in boutique hospitality—and the CEO will chair the board.
• Familiar faces stay: Major shareholders like Ron Burkle, Nick Jones, and Richard Caring are staying onboard to guide strategy.
• New energy incoming: Actor-investor Ashton Kutcher is joining the board, adding a fresh twist (and star power).
• Why now?: Once hot at IPO, the stock has lost almost half its value. But after three straight profitable quarters, going private could help the brand rebuild under less pressure.

Why This Matters To The House

Soho House’s exit from the public market signals a return to roots—focused on creative culture, membership experience, and smart private growth. It’s a reset for a brand that’s always outdone its competition by offering more than just amenities.