The Real Deal New York

Posts Tagged ‘Sam Chang’

  • From left: Ramdat Harihar (credit: The Wilson Quarterly) , 338 West 39th Street in the Garment District and Sam Chang

    From left: Ramdat Harihar (credit: The Wilson Quarterly) , 338 West 39th Street in the Garment District and Sam Chang

    When budget hotel developer Sam Chang filed eviction proceedings against tenants at 338 West 39th Street last month, it highlighted a project that is a virtual case study of the change sweeping the neighborhood.  [more]

    Comments
  • Sholom Jacobs and 440 West 41st Street

    Sholom Jacobs and 440 West 41st Street

    U.S. Suite, a partnership of Israeli investors, has sold a 13-story Hell’s Kitchen apartment hotel known as Metro Apartments for nearly $28 million, according to property records filed with the city Friday.

    The partnership includes principals from Aura Investments, Livorno Properties and U-Trend.  [more]

    Comments
  • Sam Chang NYC

    Sam Chang and 111 East 24th Street

    UPDATED, 5:30 p.m., March 25: Sam Chang plans to build a 13-story hotel in the Flatiron District, according to permits filed with the city today.

    The 140-foot-tall structure would rise on the site of a parking lot at 111 East 24th Street, between Park South and Lexington Avenue, according to New York YIMBY. Chang, who runs Great Neck-based McSam Hotel Group, wants to build a roughly 38,400-square-foot hotel with 120 rooms. Plans call for 10 rooms apiece on floors two through 13. [more]

    4 Comments
  • Comfort Inn Times Square South at 305 West 39th Street

    Comfort Inn Times Square South at 305 West 39th Street

    A Times Square hotel is hitting the market for $35 million.

    The Comfort Inn Times Square South at 305 West 39th Street was built in 2007, according to the New York Post and has a 93 percent occupancy rate. Rooms are about $180 per night. The price per room — based on the $35 million asking price — comes down to $448,718. [more]

    Comments
  • Existing structure at 334 West 36th Street, Inset: McSam Hotel Group's Sam Chang

    Existing structure at 334 West 36th Street, Inset: McSam Hotel Group’s Sam Chang

    McSam Hotel Group’s Sam Chang is forging ahead with plans to build a hotel at 334 West 36th Street, filing for demolition permits from the city yesterday. [more]

    1 Comment
  • chang-times-sq

    322-326 West 44th Street and Sam Chang

    Is this what retirement really looks like for Sam Chang? The McSam Group developer just filed plans for the second time this week for a hotel project — this time for a seven-story building in Times Square.

    Chang is looking to build a 111-room hotel at 322-326 West 44th Street, between Eighth and Ninth avenues, spanning more than 35,000 square feet, according to a permit application filed with the Department of Buildings. [more]

    Comments
  • mental-health

    334 West 36th Street in Midtown West (Inset: Sam Chang)

    UPDATED, 11:57 am., Dec. 10: Sam Chang of McSam Hotel Group filed permits today for a 406-room Midtown West hotel on a site he bought in August for $50.8 million. [more]

    7 Comments
  • chang-kaufman

    From left: Sam Chang and Gene Kaufman

    UPDATED, Dec. 19, 6:30 p.m.: McSam Hotel Group’s Sam Chang, who signed a deal this week to buy a Midtown Manhattan industrial property, filed permits today for a three-building, 557,400-square-foot project in Flushing, Queens.

    Chang paid $26 million for the development site as well as a neighboring parcel at 40-70 Delong. The sites collectively hold 557,400 square feet, Chang said. The properties will hold both a hotel and two residential properties. A warehouse occupied by Flushing Building Material Supply currently sits on the site at 131-02 40th Road. [more]

    5 Comments
  • chang-midtown-west

    From left: 338-340 West 39th Street, Sam Chang and Bob Knakal

    UPDATED, 1:40 p.m., Dec. 5: Hotel developer Sam Chang of McSam Hotel Group is in contract to buy a 12-story industrial building for $22.5 million. [more]

    1 Comment
  • 29-story hotel coming to vacant FiDi site

    November 17, 2014 12:24PM
    From left: rendering of 50 Trinity Place, 50 Trinity Place and Peter Zen

    From left: rendering of 50 Trinity Place, 50 Trinity Place and Peter Zen

    Los Angeles-based Fit Investment Corporation is bringing a 29-story hotel to the Financial District’s 50 Trinity Place. [more]

    6 Comments
  • holiday-inn

    532-540 West 48th Street in Midtown (Inset: Sam Chang)

    Hotel developer Sam Chang acquired the ground lease at the site of the Holiday Inn Express at 532-540 West 48th Street for $16.5 million. [more]

    3 Comments
  • magna

    144-10 135th Avenue in Queens, and Magna’s Bob Indeglia

    Rhode Island-based hotel investment and management firm Magna Hospitality Group acquired a 13-story Hampton Inn near John F. Kennedy International Airport in Jamaica for $41.4 million, according to property records filed with the city today.

    The nearly 115,000-square-foot property at 144-10 135th Avenue, near 145th Street, holds 216 rooms. An affiliate of Wayne, Pa.-based Field Hotel Associates has owned the site since 2001, when the hotel opened there. [more]

    Comments
  • 505-513 West 43rd Street

    505-513 West 43rd Street

    The development firm that bought a Far West Side property over a set of train tracks earlier this year is planning to erect a 16-story building that will offer both market-rate and affordable condos.

    The Elad Group, owner of the Plaza Hotel and developer of projects such as the warehouse-to-condo conversion of 250 West Street in Tribeca, is in the beginning stages of seeking city approval for its residential development at 505-513 West 43rd Street. [more]

    Comments
  • mental-health

    334 West 36th Street (Inset: Sam Chang)

    Hotel developer Sam Chang of Great Neck, N.Y.-based McSam Hotel Group has added yet another Midtown West property to his portfolio with the purchase of the six-story Postgraduate Center for Mental Health for $50.8 million. [more]

    1 Comment
  • chang

    585 Eighth Avenue and Sam Chang

    Hotel developer Sam Chang borrowed nearly $42 million in loans for his 35-story Holiday Inn project in Midtown West, according to property records filed with the city last night.

    Chang received the mortgages from Dallas, Texas-based Bank of the Ozarks, and then proceeded to pay off $11.4 million to the New York Community Bank. The 85,000-square-foot hotel at 585-587 Eighth Avenue near 39th Street is slated to hold 271 rooms, more than 199 rooms previously planned for the site. [more]

    1 Comment
  • 20140630_chang_350_west_39th

    From left: Sam Chang, 350 West 39th Street and Robert Knakal

    Hotel developer Sam Chang has purchased the Garment District home of advertising agency R/GA for $112 million. [more]

    Comments
  • chang-hilton

    From left: Rendering of Hilton Garden Inn Midtown East at 206 East 52nd Street, and Sam Chang

    Less than a week after the opening of the Hilton Garden Inn Midtown East, developer Sam Chang closed on the sale of the 85,000-square-foot hotel for $85.3 million, according to property records filed with the city yesterday.  [more]

    Comments
  • whitehouse

    338 Bowery and Sam Chang

    Plans have been filed to convert the four-story East Village hostel, the Whitehouse Hotel, into a nine-story hotel. At around the same time, the building, which is minority owned by hotel developer Sam Chang, is in contract to be sold to an undisclosed buyer.

    Harry Shah, a majority owner associated with Manhasset-based Metro Sixteen Hotel LLC, and Chang are close to selling the property at 338 Bowery for $12 million. But, according to Department of Buildings records filed late last month, a proposed $5 million conversion would involve creating 68 rooms. Otte Architecture’s Michael Lisowski is listed on permits as the architect. [more]

    4 Comments
  • Councilman Jumaane Williams

    Councilman Jumaane Williams

    The phrase “as-of-right” may soon lose its meaning in New York hotel development. The New York City Council is considering giving local community boards a say in the construction of new hotels and hotel apartments, even if a developer has as-of-right permission to build a project.

    The legislation was introduced March 12 by Councilman Jumaane Williams, who represents Brooklyn’s District 45 and chairs the Council’s Committee on Housing and Buldings, with the support of colleagues Margaret Chin, Corey Johnson, Peter Koo, Ritchie Torres and Helen Rosenthal. [more]

    8 Comments
  • chang-337-west-36th

    337 West 36th Street and Sam Chang

    The McSam Hotel Group is looking to build an 18-story, 80-room hotel – either a Comfort Inn or a Days Inn – in Midtown West, company head Sam Chang confirmed to The Real Deal.

    Chang’s partner Dun Zhang at McSam filed plans with the Department of Buildings late last week to demolish the four-story, 9,500-square-foot warehouse currently on the site at 337 West 36th Street, between Eighth and Ninth avenues. [more]

    Comments
MENU