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Ashton Kutcher-Led Consortium Strikes $2.7 Billion Deal to Take Soho House Private
Ashton Kutcher-Led Consortium Strikes $2.7 Billion Deal to Take Soho House Private
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BTCCSquare news:
Actor-turned-investor Ashton Kutcher is spearheading a $2.7 billion deal to privatize luxury membership club Soho House (SHCO 14.99%). The consortium, which includes MCR Hotels—the third-largest U.S. hotel operator—will pay $9 per share, an 83% premium to the pre-offer price. Kutcher will join the board upon closing.
The transaction marks a bold MOVE for MCR, known for mid-tier brands like Homewood Suites, as it expands into high-end properties following acquisitions like the TWA Hotel at JFK and Gramercy Park Hotel. Soho House shares haven't traded at this level since mid-2022 but remain below their 2021 IPO price of $14.
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