Soho House, the global private members’ club brand renowned for cultivating creative communities in stylish spaces worldwide, is set to return to private ownership in a landmark $2.7 billion deal. The acquisition—led by New York-based MCR Hotels,

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.

Ashton Kutcher will join the board of the company, an operator of private clubs, which has faced criticism from investors over its business model.