The Real Deal: RXR Is Looking For Space…To Park a $500M Ocean Liner

The company is redeveloping a 1950s-era cruise ship into a hotel

Staff - March 11, 2020 03:35 PM

Scott Rechler’s dreams are afloat.

RXR Realty is embarking on a $500 million renovation project that will turn a 1950s-era ocean liner into a hotel, Bloomberg reported. Rechler, the company founder and CEO, is now shopping plans around New York, San Francisco and about six other cities to find a place to moor the finished product.

Plans for the overhaul include a museum, brewery, food hall, glass-walled events space and restaurants, along with guest rooms.

Rechler got the idea as he was negotiating with Airbnb to build the short-term stay company 200 rental units at an Rockefeller Center office tower, and he found encouragement from Airbnb’s CEO, Brian Chesky, according to Bloomberg.

Read the full story from The Real Deal HERE.