Soho House plans to go private again after four years on Wall Street. The luxury members club operator has struck a deal with an investor group led by hotel giant MCR.

Soho House is going private in a $2.7-billion deal led by New York-based MCR Hotels, capping a turbulent market run and financial struggles that erased nearly half of the high-end members club operator's value since its 2021 debut.

The private members' club chain is returning to private ownership after four years on the New York Stock Exchange.