Since going public in 2021, Soho House – an upscale private members’ club frequented by A-listers, musicians, artists and other celebrity-adjacent individuals – has experienced a sharp decline in share value. The company has struggled to turn a profit despite growth in membership and revenue, according to Reuters.

Hotel giant MCR Hotels is leading the takeover, offering $9 a share for Soho House’s outstanding stock — a premium over Friday’s $7.60 close.

On its website, Soho House describes itself as “a club for creatives” and was established in London by Nick Jones — a restaurateur — in 1995. Per its website, Soho House offers relaxed getaway stays for members that feature club spaces, spas ...

Soho House & Co. made it official Monday: Its ownership will now match its membership, which is to say that both will be private. It may well be for the best, as the members-only business model may not be well suited for public markets — but the timing could be awkward.