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 for the operator of high-end members’ clubs since it went public in 2021.

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