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.