Leisure

Soho House

Soho House is the leading international hospitality company that operates exclusive, private members clubs as well as hotels, restaurants and spas

April 2017
Investment Date
UK
Country

Business Overview

  • Founded in 1995 in London, Soho House is a hospitality company that operates exclusive, private members clubs as well as hotels, restaurants and spas
  • Core operations in major metropolitan cities including London, New York, Los Angeles, Miami, Chicago, Toronto, Berlin and Istanbul
  • Soho House has over 65,000 members globally with a very large waiting list and low membership turnover

 

Investment Thesis

  • Leading position as the only truly global private members’ club
  • Significant brand value
  • Stable and loyal membership combined with a significant waiting list to join the clubs,providing protection and resilience through the economic cycle
  • Attractive fundamentals with year-on-year growth in memberships and revenues for over a decade
  • Strong asset backing in prime real estate

 

Origination

  • Proprietary deal originated through PDM’s relationship with the Soho House management team
  • Strong industry knowledge within PDM from previous investment in Soho House
  • PCS2 and PCS3 acted as sole lenders

www.sohohouse.com