Republic Funding Firm and Capstone Equities have acquired the Smyth Tribeca lodge and appointed Insurgent Lodge Firm to handle its repositioning.
Republic Funding Firm and Capstone Equities have accomplished the acquisition of the Smyth Tribeca, a 100-room lodge positioned at 85 West Broadway in New York Metropolis’s Tribeca neighborhood. The acquisition consists of plans for a strategic repositioning of the property, which Insurgent Lodge Firm will handle.
The Smyth Tribeca options 88 guestrooms and 12 suites, with facilities equivalent to floor-to-ceiling home windows, Carrara marble loos, and personal terraces. The lodge additionally consists of two meals and beverage venues operated by Mercer Road Hospitality: Smyth Tavern and Galerie Bar.
Since its opening in 2009, the lodge has undergone over $10 million in upgrades from 2018 to 2023. These enhancements embody a redesigned foyer by Meyer Davis, up to date suites, and a brand new health heart. Additional enhancements are scheduled for 2026 as a part of the repositioning technique.
The acquisition of Smyth Tribeca is the seventh lodge in New York Metropolis for Republic and Capstone, becoming a member of properties like The Renwick and Ink48. The brand new possession goals to leverage its expertise within the hospitality sector to boost the lodge’s choices.
The lodge affords practically 7,000 sq. toes of occasion area, together with a penthouse suite and the Purple Room, appropriate for company occasions and personal gatherings. Situated in a central space, the lodge supplies entry to eating, buying, and cultural sights, together with proximity to 17 subway traces and landmarks equivalent to Brookfield Place and the 9/11 Memorial.
Insurgent Lodge Firm will oversee the repositioning, specializing in design enhancements and visitor providers to align with present luxurious journey traits. The method might be gradual, sustaining the lodge’s connection to its Tribeca location whereas updating its choices.