JLL’s Hotels & Hospitality Group announced today that it has 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., in the sale.
Located at 33 Peck Slip, on the corner of Peck and Front Street, Mr. C Seaport is ideally situated in the heart of Manhattan’s Seaport District, within walking distance of the Financial District, Pier 17 and the Tin Building by Jean-Georges, a 53,000-square-foot 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 finely appointed guestrooms, the hotel offers breath-taking panoramic views of lower Manhattan with the Financial District to the west and Brooklyn Bridge and the East River to the east.
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.
JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totaling $83 billion worldwide. The group’s 350-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments. Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.
About Atlantic Pearl Investments, Inc.
Atlantic Pearl Investments is a privately held global real estate investment company. They manage, own and invest in real estate either on their own or through investment platforms. Atlantic Pearl Investments is focused primarily on office and multifamily properties but has experience in other asset types. They are headquartered in Los Angeles, California.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.