Monday 28 October 2019

It doesn’t turn a profit, but Soho House is now valued at $2B

Soho House, the luxury hotel and private members’ club, has raised $100 million to fund a global expansion over the next few years — pushing the company’s valuation to $2 billion. Founder and chief executive Nick Jones told the Financial Times that the company planned to double its venue count to 50 locations, with new sites in Paris, Rome, Tel Aviv and Nashville. It raised the money from Simon Property Group and Bippy Siegal’s Raycliff



source https://therealdeal.com/2019/10/28/it-doesnt-turn-a-profit-but-soho-house-is-now-valued-at-2b/

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