Better late than never: Soho House has secured $200 million in alternative financing after an earlier effort failed. It aims to close its go-private deal by January 31.
On today’s pod we look at the news that members club Soho House is going private, while global hotel investment shrank, and travelers are underestimating their carbon footprints.
The members-only club operator Soho House has agreed to an equity buyout by Tyler Morse and MCR Hotels, the third-largest owner of U.S. hotels. Billionaire Ron Burkle retains control.
Soho House has been unprofitable for most years of operation since its founding in London in 1995. But it just posted its third straight quarterly profit.
On today’s episode we look at the American Eagle crash in Washington, D.C., innovations and shifts in hospitality, and Frontier’s bid for rival Spirit Air.
Our goal is to use AI for one of its best features today, mixed with our expert editorial insight, and unearth the tech opportunities these documents reveal—whether that’s upcoming system upgrades, emerging RFPs, or digital transformations.
All signs point to the buyout offer being okayed, given that it has support of Soho House's largest shareholder, Ron Burkle, and that it values the company at an 83% premium to its most recent market closing price.