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Soho House Goes Private, Hotel Investment Stalls and Long-Haul Climate Impact
Description
Soho House is going private in a $2.7 billion deal led by MCR Hotels and CEO Tyler Morse, while billionaire Ron Burkle will remain its controlling shareholder; the move follows three straight profitable quarters for the global members-only club operator. At the same time, global hotel investment activity has slowed, with JLL reporting a 16% drop in transactions during the first half of the year as large, debt-heavy deals disappear and smaller select-service and extended-stay properties dominate. Separately, NYU researchers found that most people underestimate the climate impact of their actions, especially long-haul flights, suggesting airlines could play a larger role in educating travelers by providing clearer carbon data and highlighting lower-emission options.
- Global Hotel Investment Stalls as High Debt Costs Deter Large Deals
- Soho House to Go Private in $2.7 Billion Deal Led by MCR Hotels
- Flying vs. Recycling: Travelers Get Climate Math Wrong
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