Transaction amount: $$73,700,000
Prince Realty arranged the sale of the Smyth Hotel on behalf of Walton Street Capital and Tribeca Associates for approximately $740,000 per room. The property is a 4 star 100 room boutique Hotel and restaurant that is being converted to the AKA Tribeca, an upscale extended stay brand owned and operated by Korman Communities. The property also has residential condominiums above the hotel which were not included in the sale.
The Smyth Hotel, NYC
85 West Broadway New York , NY 10007