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Boutique Seaport Hotel Trades for Reported $60M
JLL’s Hotels & Hospitality Group closed the sale of Mr. C Seaport, a 66-key boutique luxury hotel in downtown Manhattan’s Seaport District. JLL represented the seller, Atlantic Pearl Investments, Inc. Published reports say the property sold to Korea-based Sono Hospitality for $60 million.
Located at 33 Peck Slip, on the corner of Peck and Front Street, Mr. C Seaport re-opened in 2018 after a major renovation, which converted the hotel from 72 rooms to 66, allowing for larger and more luxurious rooms.
The JLL Hotels & Hospitality team representing the seller was led by senior managing director Jeffrey Davis, EVP Stephany Chen and associate Harry Keeshan.
“The sale of the Mr. C Seaport is a true testament of the lodging market’s recovery, specifically in New York City,” said Davis. “Investors continue to focus on strategic acquisitions in the city as the market outperforms.
- ◦Sale/Acquisition
