Five months ago, it was announced that members-only club Soho House was going private. Not so fast, apparently. The deal for MCR Hotels and its leader Tyler Morse to take control of the swanky club is in danger, Hotel Dive reported. Days ago, MCR informed investment firm Yucaipa Companies — which has a controlling interest in the business — that it would not be able to fund its closing commitment, according to an SEC filing. As part of its $2.7 billion privatization deal, MCR — which owns high-end hospitality destinations like the High Line Hotel and Gramercy Park Hotel — […]
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