REPUBLIC INVESTMENT COMPANY AND CAPSTONE EQUITIES ACQUIRE SMYTH TRIBECA, TAP REBEL HOTEL COMPANY TO LEAD LUXURY REPOSITIONING

New ownership aims to elevate the boutique property’s guest experience and positioning with thoughtful enhancements planned for 2026

NEW YORK, NY – August 6, 2025 — Republic Investment Company and Capstone Equities have acquired the Smyth Tribeca, a 100-key boutique hotel located at 85 West Broadway in the heart of Tribeca. As part of the strategic acquisition, the partners have tapped Rebel Hotel Company to operate and lead the property’s luxury repositioning, with a focus on elevating the guest experience and reinforcing the hotel’s standing within the competitive Tribeca landscape.

With 88 thoughtfully designed guestrooms and 12 expansive suites, many featuring floor-to-ceiling windows, Carrara marble bathrooms, and private terraces, Smyth Tribeca blends understated elegance with modern comfort. The hotel is home to two distinct food and beverage venues from Mercer Street Hospitality: Smyth Tavern, serving elevated American fare with a raw bar and dry-aged steaks, and Galerie Bar, a moody cocktail bar known for its curated art, fireplaces, and craft cocktails.

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 solid foundation for the next phase of thoughtful luxury enhancements planned for 2026.

“Smyth Tribeca has long been a discreet favorite among creatives, celebrities, and downtown tastemakers,” said Evan and Aaron Nehmadi of Republic Investment Company. “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 notable properties including The Renwick, Ink48, and Life Hotel New York.  Founded in 1983, Republic brings over four decades of experience to the table and, with this latest addition, aims to build on its longstanding family legacy and continued expansion in the hospitality sector.

The hotel’s nearly 7,000 square feet of indoor and outdoor private event space, including the penthouse suite and cellar-level Red Room, make it an ideal setting for corporate events, private brand activations, and high-end gatherings. Surrounded by some of the city’s best dining, boutique shopping, and contemporary art galleries, the hotel places guests in the heart of Tribeca’s sophisticated downtown lifestyle. With unmatched access to 17 subway lines and proximity to Brookfield Place, the 9/11 Memorial, and Hall des Lumières, Smyth Tribeca’s location remains a standout for both leisure and business travelers.

“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.”

With no existing brand or management encumbrances, the new ownership team and Rebel are well-positioned to reimagine the hotel while honoring its Tribeca roots and understated appeal. The repositioning is expected to unfold gradually, with updates focused on enhancing design, guest programming, and curated service in line with evolving luxury travel expectations.

For business development inquiries, please contact BD@rebelhotelco.com.

About Republic Investment Company
Republic Investment Company is a privately held real estate investment firm focused on long-term value creation through strategic acquisitions, thoughtful design, and disciplined execution. Headquartered in Los Angeles, the firm has a national portfolio spanning hospitality, multifamily, office, and mixed-use assets. Republic brings a design-forward, hands-on approach to repositioning properties that shape the character of their communities. For more information, please visit www.ric.co

About Capstone Equities
Capstone Equities is a New York–based real estate investment and development firm focused on uncovering value in transitional assets and markets. With a hands-on, opportunistic approach, Capstone has completed over $2 billion in real estate transactions across major U.S. markets. The firm specializes in repositioning office, hospitality, and mixed-use properties to meet the evolving demands of today’s users. For more information, please visit www.capstonecm.com

About Rebel Hotel Company

Rebel Hotel Company offers a progressive new paradigm for hotel management—blending a guest-forward experience with operational excellence to deliver a full-service hospitality management platform. From operations, revenue management, and procurement to human resources, marketing, and investment partnerships, Rebel provides comprehensive, integrated support. With unrivaled technology, expertise, and transparency, Rebel Hotel Company stands as a premier hotel management platform, philosophically aligned with today’s hotel investment strategies. For more information, please visit www.rebelhotelcompany.com