In a landmark deal valued at $2.7 billion (£2 billion), the private members’ club chain Soho House has officially returned to private ownership, spearheaded by a consortium backed by Hollywood star turned investor, Ashton Kutcher. This acquisition marks a moment of transformation for the global luxury hospitality brand that started in London and has since become synonymous with exclusivity, hosting A-list celebrities and cultural icons.
Soho House: A Creative Hub for the Elite
Founded in 1995 on Greek Street, Soho House began as an intimate space for “like-minded creative thinkers” to connect, relax, and grow. Over the years, it has expanded to 46 houses situated across Europe, North America, and Asia—attracting high-profile members such as Kate Moss, Kendall Jenner, and even Prince Harry and Meghan Markle, who reportedly had their first date at a London Soho House venue.
Some notable properties in their portfolio include Soho Farmhouse in England, Shoreditch House, Soho House Bangkok, and Miami Poolhouse. In addition to their iconic members’ spaces, the brand operates Soho Works office buildings and the Scorpios Beach Clubs in exotic locations like Mykonos and Bodrum.
The Challenges of Expansion
Despite its prestige, Soho House has faced challenges in retaining its exclusive allure. Critics argue that its rapid expansion has diluted the brand’s elite reputation, especially as membership fees continue to climb, with annual dues running into the thousands of dollars. An IPO on the New York Stock Exchange in 2021 saw initial enthusiasm, but share prices plummeted from their peak of $14.21 to well below expectations before the buyout.
The consortium behind this acquisition includes US hotel giant MCR Hotels, whose impressive portfolio includes properties like the iconic TWA Hotel at JFK Airport. Ashton Kutcher and MCR’s CEO Tyler Morse, who joins the Soho House board, aim to revitalize the brand while addressing concerns about its exclusivity and financial stability.
Ashton Kutcher Joins the Board
Known for his acumen as a tech investor, Ashton Kutcher is stepping into a new role as a Soho House board member. His involvement lends celebrity appeal but also raises questions about the brand’s trajectory. According to Tyler Morse of MCR Hotels, the group looks forward to fostering Soho House’s global network and opening at least four new locations in the near future.
Soho House CEO Andrew Carnie praised the move back to private ownership, stating it reflects “strong confidence” in the company’s future. He added, “We’ve worked to build a more resilient business, and this shift allows us to deliver the same high-quality experiences that define Soho House, now with even greater focus on our members.”
What’s Next for Soho House?
The brand is positioning itself for sustainable growth while tackling the question of whether it can maintain its exclusivity amid ongoing expansion. The luxury hospitality market is increasingly competitive, and it’s no secret that today’s shoppers are more budget-conscious. Maintaining the delicate balance between growth and exclusivity is no small feat.
Looking for a way to bring a touch of luxury into your home? Consider Soho Home’s exclusive line of décor and furnishings, inspired by their legendary venues.
