MCR Hotels to Lead Deal to Take Soho House Private: Report

MCR Hotels is leading a group of investors in a deal to take membership club operator Soho House private for about $1.8 billion, not including debt, The Wall Street Journal reported Sunday.

The deal, which could be announced as early as Monday, would pay about $9 per share for outstanding public stock and end an ongoing battle over the company's future, according to sources who spoke to the Journal. The stock closed Friday at $7.64.