Soho House & Co Stock Price, News & Analysis

Soho House & Co Inc. (NYSE: SHCO) is described as a global membership platform of physical and digital spaces that connects a vibrant, diverse and international group of members. Members use Soho House & Co to work, socialize, connect, create and flourish across the world. The company traces its origins to the opening of the first Soho House in 1995 and states that it remains the only company to have scaled a private membership network with a global presence.

According to company disclosures, members engage with Soho House & Co through a global collection of Soho Houses and related concepts. As of late 2024 and mid‑2025 disclosures, this collection includes around 45–46 Soho Houses, multiple Soho Works locations, Scorpios Beach Clubs in Mykonos and Bodrum, the Soho Home interiors and lifestyle retail brand, and digital channels. The Ned in London, New York and Doha, as well as The LINE and Saguaro hotels in North America, form part of Soho House & Co’s wider portfolio.

Business model and membership platform

The company describes itself as a membership platform rather than a traditional hotel or lodging chain. Its disclosures emphasize the role of membership revenues alongside in‑House revenues and other revenues. Membership revenues are reported separately in its financial updates, reflecting the importance of recurring member fees to the business. Soho House & Co also highlights the scale of its membership base, reporting Total Members, Soho House Members, other membership types such as Soho Friends and Soho Works, and Active App Users in its quarterly results.

In its segment reporting, Soho House & Co identifies three primary geographic segments: the United Kingdom, The Americas, and Europe and Rest of the world. The company has disclosed that a significant portion of its revenues has been generated from the Americas segment, which includes Soho Houses in that region, stand‑alone U.S. restaurants, Soho Friends, and management fees under a hotel management contract for the operation of The Ned London.

Operations, Houses and related concepts

Company communications describe a portfolio that spans Houses, hotels, workspaces, beach clubs, retail and digital offerings. Within this portfolio:

• Soho Houses are the core physical clubs and accommodation properties where members gather. Disclosures reference around 45 Houses at the end of 2024 and 46 Houses as of mid‑2025, across The Americas, the United Kingdom and Europe/Rest of World.
• Soho Works is identified as a workspace‑oriented membership offering, with several locations included in the company’s global collection.
• Scorpios Beach Clubs in Mykonos and Bodrum are cited as part of the portfolio and contribute to what the company categorizes as “Other revenues,” alongside Soho Home.
• Soho Home is described as an interiors and lifestyle retail brand, contributing to Other revenues and highlighted in multiple earnings releases as an area of growth.
• Digital channels and an active app user base are tracked as part of the membership ecosystem, with the company regularly reporting the number of Active App Users.

The wider portfolio also includes The Ned in London, New York and Doha, and The LINE and Saguaro hotels in North America, which are explicitly stated to form part of Soho House & Co’s broader platform.

Financial reporting and performance measures

Soho House & Co publishes regular financial updates, including quarterly and annual results. In these releases, the company reports Total revenues, Membership revenues, In‑House revenues and Other revenues. It also discloses Revenue Per Available Room (RevPAR) on a like‑for‑like basis as a key performance indicator for accommodation performance.

The company makes extensive use of non‑GAAP financial measures that it defines in its releases, including:

• Adjusted EBITDA, defined as net income (loss) before depreciation and amortization, interest expense, net, income tax expense (benefit), and adjusted for selected non‑cash and other items such as foreign exchange, share‑based compensation, gains or losses on sale of property and other specified items.
• House‑Level Contribution and House‑Level Contribution Margin, defined as House Revenues less In‑House operating expenses, with the margin expressed as a percentage of House Revenues. Management describes this as an important measure of the performance and profitability of each House.
• Other Contribution and Other Contribution Margin, defined as Other revenues plus Non‑House Membership Revenues less Other operating expenses, used to assess non‑House businesses such as Soho Home and Scorpios.
• Net Debt, defined as total debt less cash, cash equivalents and restricted cash, which the company states it uses to monitor leverage and evaluate the balance sheet.
• Constant currency presentations, which the company uses to isolate the effect of exchange rate movements when comparing periods.

In its commentary, Soho House & Co frequently links performance to two strategic priorities: growing and enhancing membership and operational excellence to drive profitability. The company highlights member satisfaction scores, membership growth, RevPAR trends, and Food & Beverage margins as indicators of progress against these priorities.

Membership base and app engagement

Across multiple quarters, Soho House & Co reports detailed membership metrics. These include Total Members, Soho House Members, other membership categories (Soho Friends and Soho Works), Frozen Members, and Active App Users. The company has disclosed that it maintains a membership waitlist at what it describes as record levels and notes continued high retention rates among Soho House members in its commentary.

Membership is broken down by geography (The Americas, United Kingdom, Europe/Rest of World and All Other) and by type. These disclosures illustrate the scale and distribution of the membership base across regions and concepts. The company also reports the number of Soho Houses by region and tracks the growth in Houses over time.

Corporate structure, exchange listing and sector

Soho House & Co Inc. is incorporated in Delaware and, according to its SEC filings, has its principal offices in London, United Kingdom. Its Class A common stock, par value $0.01 per share, trades on the New York Stock Exchange under the ticker symbol SHCO. The company is associated with the Accommodation and Food Services sector and the Hotels (except Casino Hotels) and Motels industry classification.

Stockholder communications describe a dual‑class share structure, with Class A and Class B common stock, and provide details on voting rights and outstanding share counts in connection with stockholder meetings and special transactions.

Take‑private transaction and merger agreement

In August 2025, Soho House & Co announced that it had entered into an Agreement and Plan of Merger with EH Parent LLC, an affiliate of The Yucaipa Companies LLC, and EH MergerSub Inc. Under this agreement, Merger Sub will merge with and into Soho House & Co, with the company continuing as the surviving corporation. The transaction contemplates that holders of Company common stock (other than specified rollover and excluded shares) will receive $9.00 per share in cash, subject to the terms and conditions of the Merger Agreement.

Company press releases and SEC filings state that, upon completion of the proposed transaction, SHCO’s common stock will cease trading on the New York Stock Exchange and will be deregistered under the Securities Exchange Act of 1934 as soon as reasonably practicable after delisting. A special committee of independent and disinterested directors was formed to evaluate the offer, and stockholders were asked to vote on the Merger Proposal and related agreements.

In January 2026, the company reported that stockholders had adopted and approved the Merger Proposal, with the required majority approvals, and that the parties to the Merger Agreement intended to close the Merger following satisfaction of remaining conditions. Subsequent 8‑K filings describe steps taken to secure alternative equity and debt commitments to fund the transaction in full, including commitments from entities associated with MCR, Morse Ventures, Apollo and Goldman Sachs‑affiliated funds, as well as additional rollover commitments from certain existing shareholders.

Use of SEC filings and investor information

Soho House & Co regularly refers investors to its Annual Reports on Form 10‑K, Quarterly Reports on Form 10‑Q, and Current Reports on Form 8‑K for detailed financial and operational information. The company notes that reconciliations of non‑GAAP measures to the most directly comparable GAAP measures are included in these filings and related presentations. It also points investors to the SEC’s EDGAR system for access to proxy statements, transaction statements on Schedule 13E‑3, and other documents related to the proposed take‑private transaction.

Position within the hospitality and membership space

In its own descriptions, Soho House & Co emphasizes the combination of hospitality, membership and lifestyle elements. It highlights a network of Houses and related concepts across creative and culturally significant cities, a membership‑based revenue model with multiple membership types, and a broader portfolio that includes hotels, beach clubs and a retail brand. The company’s disclosures underscore the importance of member experience, satisfaction scores, and curated programming in its Houses, as well as ongoing efforts to transform finance and operational systems to support scalability.