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.
EVT Limited has launched EVT Connect Hospitality, its new third-party hotel management platform, with the acquisition of Pro-invest Group’s hotel management arm. The deal covers 15 hotels across Australia and New Zealand, totalling 3,200 rooms.
Aira has raised €150 million from existing investors to expand its clean energy-tech operations, aiming to replace millions of gas boilers across Europe with air source heat pumps and accelerate the continent’s shift away from fossil fuels.
Egypt’s Madinet Masr has launched its new flagship development ‘Talala’ in New Heliopolis City, investing EGP 90 billion into a project designed to offer sustainable, high-quality living across a wide range of residential units.
Cape Town fintech TurnStay has raised $1.9m to expand its cross-border payments platform for African travel businesses. Using stablecoin settlement, the service cuts transaction costs by up to 70% and helps operators secure more direct international bookings.
Malaysia’s property market is experiencing a renaissance, fuelled by affordable housing initiatives, infrastructure growth, foreign investment incentives and a strong shift towards green, transit-oriented developments.
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