Sam Chang plans 18-story Midtown West hotel

McSam Hotel Group to erect Comfort Inn or Days Inn on warehouse site

New York /
Mar.March 31, 2014 02:10 PM

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. Construction is slated to begin six months from now, at the earliest, Chang said in a phone interview from China.

“I made a promise that before I retire that I would sure make sure everybody owns part of a hotel,” Chang said, referring to Zhang and other partners.

Chang, who expects to have a reduced role with this project, said last year he intends to retire sometime this year. He has not, however, yet set a retirement date.

McSam, which is based in Great Neck, N.Y., bought the property for $7.2 million from Kozani Properties in October, records show.

Last week, Chang also filed plans to build a 594-room hotel on a parking garage site at 346-354 West 40th Street. In addition, earlier this month, he sold a five-story commercial building at 12 Water Street to Rhode Island-based Magna Hospitality Group for $44.3 million.


Related Articles

arrow_forward_ios
Vornado’s Penn plan, decades in making, reaches inflection point
Vornado’s Penn plan, decades in making, reaches inflection point
Vornado’s Penn plan, decades in making, reaches inflection point
79 Clifton Place, 80-01 37th Avenue, 45 East Mosholu Parkway North (LoopNet, Google Maps)
Residential dealmakers storm city’s investment sales market
Residential dealmakers storm city’s investment sales market
Sam Chang unloads two hotels as selling spree continues
Sam Chang unloads two hotels as selling spree continues
Sam Chang unloads two hotels as selling spree continues
Sam Chang and 525 Eighth Avenue
Sam Chang unloads Garment District hotel
Sam Chang unloads Garment District hotel
Bolivar Development's Peter Fine and 401 West 218 Street. (Google Maps)
10 biggest new project filings in NYC
10 biggest new project filings in NYC
Gov. Andrew Cuomo announced that a major development surrounding Penn Station. (Getty)
Cuomo adds housing to $51B Midtown West project
Cuomo adds housing to $51B Midtown West project
338 West 39th Street and Sam Chang (Photo via Google Maps)
Sam Chang sells Garment District hotel site for $32M
Sam Chang sells Garment District hotel site for $32M
Sam Chang and 140 West 28th Street (Gene Kaufman Architects)
Sam Chang sells hotel in Chelsea for $147M
Sam Chang sells hotel in Chelsea for $147M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...