The goal of unsupervised representation learning is to extract a new representation of data, such that solving many different tasks becomes easier. Existing methods typically focus on vectorized data and offer little support for relational data, which additionally describes relationships among instances. In this work we introduce an approach for relational unsupervised representation learning. Viewing a relational dataset as a hypergraph, new features are obtained by clustering vertices and hyperedges. To find a representation suited for many relational learning tasks, a wide range of similarities between relational objects is considered, e.g. feature and structural similarities. We experimentally evaluate the proposed approach and show that models learned on such latent representations perform better, have lower complexity, and outperform the existing approaches on classification tasks.