Soho House Postgame And Billion-Dollar Capstacks

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The Promote Podcast

ten31 Media

35 episodes

6 days ago

Your Commercial Real Estate Insider guide. From profiles of the biggest dealmakers to skyline-shaping transactions, we bring you the deals, breakdowns and war stories that move the market — for insiders, by insiders. From bad-boy guarantees to CMBS tranche warfare to syndicator sins, we cover it all. Each week, The Promote Podcast explores three of the most interesting and consequential stories in CRE, taking you well beyond the headlines and into the heart of the action. Hosted by the award-winning “Bard of CRE,” Hiten Samtani, founder of ten31 media and author of The Promote newsletter, along with no-BS institutional insider Will Krasne. Also check out our 3x/week newsletter for industry insiders at https://www.thepromote.com/

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Soho House Postgame And Billion-Dollar Capstacks

The Promote Podcast

33 minutes

2 months ago

Soho House Postgame And Billion-Dollar Capstacks

We break down the puzzling $2.7B take-private of Soho House – what do Apollo, MCR, Ron Burkle and Ashton Kutcher think they can pull off by revitalizing the famed member's club? The discussion touches on everything from select-service hotels to Tyler Morse's start as "Barry's guy" to the perils of the hospitality business. We then break down the capital stacks on two closely watched Manhattan megadeals: RXR's purchase of 590 Madison Avenue and Miki Naftali's ultra-luxury condo play at 800 Fifth Avenue. Finally, we explore Yieldstreet's latest debacle and ask: Is real estate crowdfunding doomed by design?

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Further reading/listening:

https://www.wsj.com/business/soho-house-members-club-nearing-a-deal-to-go-private-fcae011c
https://www.thepromote.com/p/postgame-manhattan-megabets-get-funded
https://therealdeal.com/new-york/2025/08/15/paramount-group-ceo-pushed-for-no-bid-contract/
https://www.cnbc.com/2025/08/18/yieldstreet-real-estate-bets-customer-losses.html
https://podcasts.apple.com/us/podcast/tariff-terror-%2411-000-psf-condos-starwoods-land-bets/id1801355295?i=1000703726323
https://www.thepromote.com/p/no-yield-on-this-street-arbor-s-copper-coin#no-yield-on-this-street