Soho House has raised $100 million to expand its members’ club around the world
BillionaireSoho House group hit a $2 billion valuation after raising $100 million from new investors to fund doubling the size of its chain of hotels and private members’ clubs around the world.
Nick Jones, Founder and CEO of Soho House, said that over the year Soho House has taken an “important step” towards becoming “a truly global members network.” Expansion plans are afoot and in 2020 and 2021 Soho plan to open new venues in Paris, Austin, Mykonos, Rome, London, Tel Aviv, Nashville and Brighton.
Jones added that he was “delighted” to announce a new equity investment in the business from real estate trust Simon Property Group and Raycliff Capital, founded by entrepreneur Bippy Siegal.
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