Republic Investment Company and Capstone Equities acquired the Smyth Tribeca, a 100-key boutique hotel located at 85 West Broadway in New York City. The partners have tapped Rebel Hotel Company to operate and lead the property’s luxury repositioning.
With 88 designed guestrooms and 12 suites, many with floor-to-ceiling windows, Carrara marble bathrooms and private terraces, Smyth Tribeca is home to two distinct food and beverage venues from Mercer Street Hospitality: Smyth Tavern and Galerie Bar.
Originally opened in 2009, the hotel has received over $10 million in capital investments between 2018 and 2023, including a Meyer Davis–designed lobby refresh, suite enhancements and a reimagined fitness center. These upgrades have laid a foundation for the next phase of luxury enhancements planned for 2026, according to the partners.
“Smyth Tribeca has long been a discreet favorite among creatives, celebrities, and downtown tastemakers,” Evan and Aaron Nehmadi of Republic Investment Company, said in a statement. “With this acquisition, we’re excited to restore and elevate the property’s identity, bringing it into a new era. The hotel’s scale, prime location, and design flexibility make it one of the most compelling lifestyle opportunities in the city right now.”
This acquisition marks the seventh New York City hotel acquired by Republic and Capstone, joining properties including The Renwick, Ink48 and Life Hotel New York.
“The Smyth is a rare gem. A boutique hotel that boasts a distinctive personality, a prime location, and a solid foundation,” said Brian Sparacino, president and CEO of 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.”