Soho House

Sector: Leisure

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

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 70,000 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