News:
Brokerage
Posted: January 17, 2023
JLL’s hotels & hospitality group closes sale of Mr. C Seaport
Manhattan, NY JLL’s Hotels & Hospitality Group announced today that it has closed the sale of Mr. C Seaport, a 66-key boutique luxury hotel in the Seaport District.
JLL represented the seller, Atlantic Pearl Investments, Inc.
Located at 33 Peck Slip, on the corner of Peck and Front St., Mr. C Seaport is situated within walking distance of the Financial District, Pier 17 and the Tin Building by Jean-Georges, a 53,000 s/f marketplace that opened in 2022. The property re-opened in 2018 after a major renovation, which converted the hotel from 72 rooms to 66, allowing for larger and more luxurious rooms. With 66 appointed guestrooms, the hotel offers views of lower Manhattan with the Financial District to the west and Brooklyn Bridge and the East River.
The JLL Hotels & Hospitality team representing the seller was led by senior managing director Jeffrey Davis, executive vice president 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. Investors continue to focus on strategic acquisitions in the city as the market outperforms,” said Davis.
Tags:
Brokerage
MORE FROM Brokerage
NYSCAR June 2026 president’s message - by Mercedes Brien
As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
Quick Hits
Columns and Thought Leadership
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
