Republic Investment & Capstone Acquire Smyth Tribeca Hotel for $39.8M
Republic Investment & Capstone Acquire Smyth Tribeca Hotel for $39.8M
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August 8, 2025 | New York City
Republic Investment Company and Capstone Equities have acquired Smyth Tribeca, a 100-room boutique hotel in Manhattan, for $39.8 million. Located at 85 W. Broadway in the heart of Tribeca, the property has a reputation as a discreet favorite among celebrities, including the Kardashian family. The acquisition marks the duo’s seventh hotel in New York City, adding to a portfolio that includes The Renwick and Ink48.
The new owners announced plans to elevate the hotel’s guest experience in 2026, with Rebel Hotel Company tapped to lead operations and reposition the property as a luxury lifestyle destination. The hotel currently features floor-to-ceiling windows, private terraces, and nearly 7,000 square feet of private indoor/outdoor event space, including the penthouse and Red Room.
Originally opened in 2009, the hotel has undergone over $10 million in renovations between 2018 and 2023. Upgrades include a Meyer Davis-designed lobby and suites, a revamped fitness center, and expanded F&B concepts like Smyth Tavern and Galerie Bar, operated by Mercer Street Hospitality.
This deal arrives amid strong momentum in New York’s hotel sector. Revenue per available room (RevPAR) is up 6.8% year-to-date, outpacing the U.S. average of 1.5%, while daily rates hit a record $324.17. The Tribeca submarket, known for high-end hospitality, continues to attract investor attention as NYC’s tourism and business travel rebound.
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