Soho House will return to private ownership in a $2.7 billion deal led by MCR Hotels, offering shareholders $9 per share, nearly 18% above the last close. The agreement, which lifted shares more than 15%, will see Ashton Kutcher join the board and Neil Thomson step in as Chief Financial Officer as the club operator seeks stability after a turbulent public run.
The project will rise on the former site of the Shin-Yurakucho Building, reimagining the location as a dynamic hub where art, fashion, food, and hospitality converge.
SiteMinder has cemented its commitment to Latin America by opening a new Mexico City office, providing tailored local support for hoteliers and expanding operations into Colombia, Peru, Chile and Costa Rica.
Millennium Hotels and Resorts MEA, in collaboration with Taiba, has relaunched two distinguished Madinah properties, offering pilgrims and visitors enhanced hospitality just steps away from the Prophet’s Mosque.
Lion, one of Australasia’s biggest beverage companies, is now a Certified B Corporation, scoring 80.6 on the B Impact Assessment. The certification recognises its commitment to people, planet, and profit, building on achievements like 100% renewable power and early carbon reduction targets.
Boschendal has become the first wine estate globally to earn Green Key certification for its accommodation, recognising its environmental stewardship, ethical practices, and community support. Initiatives include renewable energy use, biodiversity conservation, and regenerative agriculture, setting a benchmark for sustainable heritage tourism.
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