Republic Investment Company The following are some examples of how to get started: Capstone Equities Smyth, a 100 key boutique hotel at 85 West Broadway, has been acquired. In order to make the acquisition strategic, the partners have engaged a number of experts. Rebel Hotel Company The property will be repositioned as a luxury hotel.
The hotel has 88 guestrooms with 12 suites. Many of the rooms feature Carrara Marble bathrooms and private balconies. There are two different food and beverage outlets on site. Mercer Street HospitalitySmyth Tavern & Galerie Bar
The hotel was originally opened in 2009. Between 2018 and 2023 it has received over $10 million in capital investment, including a Meyer Davis–designed lobby refresh, suite enhancements and a reimagined fitness center. The next phase is scheduled for 2026.
Evan and Aaron Nehmadi from Republic Investment Company said, “Smyth Tribeca is a long-time favorite of creatives, celebrities and Downtown tastemakers.” With this purchase, we are excited to elevate and restore the property’s image, bringing it into an entirely new era. The hotel’s size, location and flexibility in design make it one the most attractive lifestyle options available right now.
The deal marks the seventh New York City Hotel acquired by Republic & Capstone. This includes, amongst others, The Renwick Hotel New York, Ink48 Hotel New York, and Life Hotel New York.
The hotel offers nearly 7,000 square feet of indoor and outdoor event space, including the penthouse suite and cellar-level Red Room. Indoor and outdoor event spaces, including the Red Room and penthouse suite are available.
Brian Sparacino said that the Smyth was a “rare gem”; a boutique-hotel with a distinct personality, a prime position and a solid base. Sparacino also serves as president/CEO for Rebel Hotel Company. “We are excited to work with the ownership to create the next chapter and offer a more elevated, experience-driven stay that appeals to today’s travelers—especially as Rebel continues to expand its luxury presence.”
The Post Republic Investment Company, Capstone Equities acquire Smyth Tribeca First on hotelbusiness.com.
