Ashton Kutcher, a former Hollywood actor and financier, is part of a partnership that has paid $2.7 billion (£2 billion) to acquire the private members’ club brand Soho House. In addition to a number of other upscale hospitality ventures, the corporation currently operates 46 Soho Houses around Europe, North America, and Asia, having opened its first club in London in 1995.
According to reports, Prince Harry and Meghan Markle enjoyed their first date at one of its London locations, which is widely considered to be a favorite hangout for A-list celebs. However, since it went public on the New York Stock Exchange in 2021, the value of its shares has fallen precipitously as it has struggled to turn a profit and has been perceived as having lost its exclusivity.
The pricing at Friday’s closing of business is 18% lower than the $9 per share agreed upon offer price. Nevertheless, it remains below the August 2021 peak of $14.21 per share.
The third-largest hotel firm in the US, MCR Hotels, is in charge of the consortium. Notable buildings under its leadership include the BT Tower in London and the TWA Hotel at JFK Airport in New York. The private equity firm Apollo completed the agreement to put Soho House back into private hands.
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