Soho House, members of “Club”, approximately $ 1.8 billion, to take it special “| Work star-news.press/wp

Soho House for private members is said to be about to reach a $ 1.8 billion deal (1.3 billion pounds) to take it, especially after four difficult years listed on the New York Stock Exchange.

The Wall Street Journal reported for the first time that New York -based MCR hotels are preparing to lead the new stock investors in the club chain as part of the deal that would give up its stock market list, according to the Wall Street Journal first.

Soho House was founded in 1995 with one club in the central London area, which takes its name. Founded by the owner of the restaurant Nick Jones, who has a 5 % stake, although the largest investor is a billionaire retail in the United States, Ron Bourc, which holds 40 % of the company. Richard sponsorship, the owner of the IVY restaurant chain, has a 21 % stake.

New investors are expected to pay about 9 dollars per share for about 15 % of Soho House & Co shares that are publicly trading. This would estimate the company by about $ 1.8 billion – much lower than the 2.8 billion dollars ranked after the listing in 2021.

MCR Hotels is the third largest hotel operator in the United States, where there are more than 150 sites including the High Line and Twa Hotel at JFK Airport, both in New York. It turns the BT Tower in Fitzrvia, London, to a hotel, after reaching a deal to buy it for 275 million pounds last year.

Soho House 10 runs locations in London, 48 -year -old open or planned all over the world, starting from Paris and Estanbul to Bangkok and Mumbai. It has four clubs in Los Angeles and three in New York.

It attracts celebrity customers, with Kate Moss, Kendall Jenner and Elie Golding between those who were monitored in her clubs. Duke, Duchess of Sussex, Harry and Meghan met a blind time in 2016 at 76 Dean Street in London.

However, the company had to balance the rapid and costly global expansion of the series with the difficulty of maintaining the exclusive feeling of 270,000 members who had to pay annual fees of 2,920 pounds annually to reach each property.

The price of his share fell from above $ 14 in August 2021 to $ 7.64 on Friday. The company has lost 739 million dollars in the four years inserted, although it has made a clear profit in the past three quarters.

Its conflicts attracted attention from active investors who are pushing for improvements in companies. The third point, the hedge fund managed by billionaire Dan Loop, has argued that Soho House must search for other investors to try to pressure the process of providing competitive bids.

Wall Street Short Sellers Glasshouse has already raised concerns about Soho House accounting, although the company has rejected it.

Soho House was contacted to comment.