Lam Group | The Real Deal New York

The Real Deal New York

trd topics
X


NAME


EMAIL


SUGGESTED
UPDATE

[wpgdprc "By using this form you agree with the storage and handling of your data by this website."]

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

advanced search
Lam Group

202 Centre Street
New York, NY 10013
(212) 334-3338
Website

Lam Group is a hotel development company located in Chinatown. It was formed in the early 2000s by CEO John Lam, who began in the fashion industry but in 1996 purchased a hotel in foreclosure. After switching into real estate, the Lam Group was one of the first developers to open a hotel after the September 11 terrorist attacks. The firm has since partnered with brand name hotel chains Starwood Hotels & Resorts, Hilton, and Marriott to develop more than two-dozen hotels. The Lam Groups preferred approach has been to identify underutilized locations and then redevelop them into first-class hotels. Among its hotels are the Virgin Hotel at 1227 Broadway, which the firm purchased in 2011 and then redeveloped, and a Marriott hotel taking over the old Victoria Theater in Harlem. Besides development, the firm also owns and operates about 10 properties, including Four Points by Sheraton Manhattan Chelsea, the Solito SoHo, and Aloft Brooklyn.


Youngwoo & Associates lands $131M for its colorful Washington Heights development
01/08/19
...also provided a $222 million construction loan to the Lam Group for its Virgin Hotel in NoMad. Youngwoo & Associates in September announced the launch...

Shulem Herman buys LIC homeless shelter for $37M
11/27/18
...a homeless shelter in Long Island City from Lam Group for $36.5 million, according to property records. He took out a roughly $23.2 million mortgage for...

Mark your calendars: These are New York’s top real estate events next week
09/21/18
...a unique networking opportunity. John Lam of the Lam Group will be speaking. Also on Sept. 25, Young Real Estate Professionals of New York (YREPNY...

Construction firm working on some of NYC’s biggest projects accused of stealing wages, cheating state out of $8M
05/16/18
...allegedly fudged timesheets at JDS' 626 First Avenue, the Lam Group...

The top 10 NYC retail leases in April
05/14/18
...the tenant. Newmark Knight Frank represented the landlord, Lam Group. 7) Blue Ribbon Group, 220 West 44th Street, Times Square - 16,500 square feet The restaurant concept...

NYC’s hotel sector is getting a mini boost
04/19/18
...in Times Square, which opened in January, the Lam Group’s Virgin Hotel in NoMad and a forthcoming Ace Hotel on the Lower East...

UK-based golf club signs lease for 22K sf at Virgin Hotel in NoMad
04/12/18
...square foot. Newmark Knight Frank represented the landlord Lam Group in the deal, while JLL represented Swingers. The hotel should be finished in 2019 and...

A mini boost for
NYC’s hotel sector
...in Times Square, which opened in January, the Lam Group’s Virgin Hotel in NoMad and a forthcoming Ace Hotel on the Lower East...

Lam Group lands $68M loan for Sheraton in Downtown Brooklyn
02/28/18
...John Lam and the Brooklyn Sheraton The Lam Group secured a $68 million refinancing of its Sheraton hotel in Downtown Brooklyn, property records show...

Manhattan’s chilly hotel market shows signs of thaw
02/28/18
...expected to open adding more than 1,400 rooms: The Lam Group’s Virgin Hotel in NoMad, Marx Development Group’s Aloft hotel across from the...

Lam Generation files plans for 38-story hotel in Chelsea
02/16/18
...is run by Jeffrey Lam, the son of Lam Group head John Lam, is looking to build a 360-key hotel that spans about 130,000 square...

Here’s what the $10M-$20M NYC investment sales market looked like last week
05/31/17
...been behind public projects like the High Line. 2.) Lam Group paid $17 million for an Upper East Side medical office building that was embroiled in...

Lam to develop Chelsea site after El-Gamal’s $60M deal falls through
04/06/17
...to requests for comment. Lam Generation, led by Lam Group chief John Lam’s son Jeffrey, is now looking to carry out the project...

Hotel union boss scores
as political chameleon
...most prolific hotel developers, John Lam of the Lam Group, said he fears that such permits could drive up his costs and ultimately his...

Here’s what the $10M-$20M investment sales market looked like last week
01/10/17
...in Chinatown for $15.5 million. The seller is the Lam Group, which bought the loft-style building at 41-43 Division Street in 2014 for $11.5 million. Last week...

Weinberg secures $65M loan for Chelsea office project
10/31/16
...since 2015. In March, Shanghai Commercial Bank provided the Lam Group with a $222 million construction loan for its new Virgin Hotel in NoMad. In October...

Manhattan’s hotel wars
...District. Newcomers in the last year include the Lam Group’s 128-key Aloft in the Financial District, Palmetto Hospitality’s Hampton Inn just south...

Lam Group lands $222M loan from Shanghai bank for Virgin Hotel
03/18/16
...of the Virgin Hotel (credit: VOA Architects) The Lam Group can move ahead with plans to build its 465-key Virgin Hotel in NoMad after...

NYC in 2016 — as seen from 2006
12/07/15
...on its contentious Manhattanville campus extension and the Lam Group will transform the neighborhood’s Victoria Theater into a 200-unit, mixed-use tower after state...

Who’s using EB-5?
...Related, Silverstein, Extell and hotel building firm the Lam Group. • Forest City Ratner raised $577 million in EB-5 funding to jump-start construction of its long-stalled...

Howard Hughes strikes deal with Edison that allows it to develop large Seaport building
03/31/15
...the block opposite Edison’s parking lots, the Lam Group is finishing up work on a 31-story hotel at 161 Front Street. The site sits...

DHA Capital close to nabbing land lease on 125th St.: source 
03/20/15
...Marriott and a mixed-income, 200-unit rental tower the Lam Group is developing. Three blocks to the east, Ian Bruce Eichner’s Continuum Company is...

Virgin Hotel design will bring
magnificent to NoMad
...Designed by VOA Architecture and developed by the Lam Group, it is destined to rise over the ghost of a featureless and unadorned three-story...

Sharif El-Gamal to buy Chelsea development site for $60M
02/17/15
...feet. The seller is John Lam’s the Lam Group, which is holding on to the portion of the site at 112-118 West 25th...

The week in renderings: Virgin Hotel, QLIC
01/23/15
...Long Island City rental tower QLIC and the Lam Group...
For more info, click here
  • Event Sales
  • Address 52-34 Van Dam Street
  • Neighborhood Long Island City
  • Borough Queens
  • Price $ 36,500,000
  • Publication Date 12/03/2018
  • Event Date 11/27/2018
  • Party 1 Lam Group
  • Party 2 Shulem Herman
notes
The buyer purchased the Long Island City property for $36.5 million.
For more info, click here
  • Event Retail Leasing
  • Address 1227 Broadway
  • Neighborhood Nomad
  • Borough Manhattan
  • Square feet 22,000
  • Price per foot $ 110.00
  • Publication Date 04/17/2018
  • Event Date 04/12/2018
  • Party 1 Lam Group
  • Party 1 Broker Newmark Knight Frank
  • Party 2 Swingers: The Crazy Golf Club
  • Party 2 Broker JLL
notes
The golf club company inked a lease at the Virgin Hotel in Chelsea.
For more info, click here
  • Event Financing
  • Address 228 Duffield Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 173,000
  • Price $ 68,000,000
  • Publication Date 02/28/2018
  • Event Date 02/28/2018
  • Party 1 Lam Group
  • Party 2 US Bank
notes
The owner acquired a $68 million loan for the Brooklyn Sheraton in Downtown Brooklyn.
For more info, click here
  • Event Sales
  • Address 261 East 78th Street
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 17,618
  • Price $ 17,000,000
  • Price per foot $ 964.00
  • Publication Date 07/01/2017
  • Event Date 05/31/2017
  • Party 1 Lee Moncho
  • Party 1 Brokerage Eastern Consolidated
  • Party 1 Broker Stuart Gross
  • Party 2 Lam Group
notes
The 6-story medical office building was sold for $17 million.
For more info, click here
  • Event Financing
  • Address 261 East 78th Street
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 17,618
  • Price $ 11,000,000
  • Price per foot $ 624.00
  • Publication Date 07/01/2017
  • Event Date 05/23/2017
  • Party 1 Lam Group
  • Party 2 Cathay Bank
notes
The entity secured a $11 million refinance for the 6-story medical building.
For more info, click here
  • Event Sales
  • Address 41-43 Division Street
  • Neighborhood Chinatown
  • Borough Manhattan
  • Square feet 20,968
  • Price $ 15,500,000
notes
The loft-style commercial building was sold for $15.5 million.
For more info, click here
  • Event Financing
  • Address 1125 Broadway
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 222,000,000
  • Publication Date 05/01/2016
  • Event Date 03/17/2016
  • Party 1 Lam Group
  • Party 2 Shanghai Commercial Bank
notes
The company secured a $222 million loan that consists of a $164.7 million construction loan and $57.3 million in refinancing.
For more info, click here
  • Event Sales
  • Address 112 Fulton Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 10,000
  • Price $ 4,400,000
  • Price per foot $ 440.00
notes
The property sold for $4.4 million.
For more info, click here
  • Event Sales
  • Address Manhattan portfolio
  • Neighborhood SoHo
  • Borough Manhattan
  • Price $ 41,000,000
  • Publication Date 01/01/2012
  • Event Date 11/17/2011
  • Party 1 Regal Real Estate Investment
  • Party 1 Brokerage Independent Properties
  • Party 2 Lam Group
  • Party 2 Brokerage Okada & Company
  • Party 2 Broker Christopher Okada
For more info, click here
  • Event Sales
  • Address 21 Maiden Lane
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 98,000
  • Price $ 41,000,000
  • Price per foot $ 418.37
notes
The package of three buildings sold for $41 million. The eight-story building at 21 Maiden Lane has 30 residential units and two stores; the two-story building at 3 East 17th Street is a mix of retail and offices; and the five-story building at 105 Chambers Street is a mix of retail, residential and office space.
For more info, click here
  • Event Sales
  • Address 330 West 40th Street
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Price $ 99,500,000
  • Publication Date 04/01/2009
  • Event Date 02/20/2009
  • Party 1 Lam Group
  • Party 2 Gehr Development
notes
The Fairfield Inn New York Manhattan/Times Square South sold for $99.5 million. The hotel opened in February in a newly constructed building. This was the Los Angeles-based buyer's first purchase in New York City.
For more info, click here
  • Event Sales
  • Address 49-53 Ann Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 13,150,000
For more info, click here
  • Event Sales
  • Building Name 49-53 Ann Street
  • Address 53 Ann Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 13,150,000
notes
The 15,500-square-foot vacant property sold for $13.15 million. The buyer is planning a hotel for the site, which has a maximum buildable area of 45,800 square feet.
218-02 97th Avenue
Queens, 11429
LAM & LAM GROUP, LLC
218-02 97th Avenue is a 23,075 square foot property built in 1930 in...
21 West 37th Street
Manhattan, 10018
NY 29 WEST LLC
21 West 37th Street is a 34,690 square foot property built in 2007...
6 Platt Street
Manhattan, 10038
Lam Group, LAMS GOLDEN PEARL HOTEL PLAZA
6 Platt Street is a 99,766 square foot building in the Financial District...
6 Platt Street
Manhattan, 10038
LAM GROUP, LAM PLATT STREET HOTEL LLC
6 Platt Street is a 99,766 square foot building in the Financial District...
229 Duffield Street
Brooklyn, 11201
A&J LEE DUFFIELD III LLC|H & C DUFFIELD III LLC|HENAN DUFFIELD III LLC|HLAM DUFFIELD III LLC|JLAM DUFFIELD III LLC|LAM GENERATION DUFFIELD LLC
229 Duffield Street is a 52,086 square foot building in the Downtown Brooklyn...
222 Duffield Street
Brooklyn, 11201
YJL 222 DUFFIELD LLC
...
217 Pearl Street
Manhattan, 10038
LAM PEARL STREET HOTE
...
Solita Condominium (The)
Manhattan, 10013
Lam Group, SOHO GRAND CENTER, LLC
...
49 Ann Street
Manhattan, 10038
FKAL 49 ANN STREET LLC|LAM GEN ANN LLC
49 Ann Street is a 56,790 square foot building in the Financial District...
215 Pearl Street
Manhattan, 10038
LAM GROUP, LAM PEARL STREET HOTEL LLC
...
161 Front Street
Manhattan, 10038
LAM GROUP, SEAPORT HEIGHTS LLC
161 Front Street is a 64,233 square foot building in the Financial District...
4023 10th Avenue
Brooklyn, 11219
LAM GROUP, LAM'S CAPITAL LLC
This property is a new development. The developer(s) filed plans in April of...
235 West 125th Street
Manhattan, 10027
Lam Group, 233 WEST 125TH ST DANFORTH, LLC
...
1227 Broadway
Manhattan, 10001
LAM GROUP, LAM GROUP
...

Who’s using EB-5?
...Related, Silverstein, Extell and hotel building firm the Lam Group. • Forest City Ratner raised $577 million in EB-5 funding to jump-start construction of its long-stalled...
6 Platt Street
Manhattan, 10038
LAM GROUP, LAM PLATT STREET HOTEL LLC
6 Platt Street is a 99,766 square foot building in the Financial District...
217 Pearl Street
Manhattan, 10038
LAM PEARL STREET HOTE
...
49 Ann Street
Manhattan, 10038
FKAL 49 ANN STREET LLC|LAM GEN ANN LLC
49 Ann Street is a 56,790 square foot building in the Financial District...
161 Front Street
Manhattan, 10038
LAM GROUP, SEAPORT HEIGHTS LLC
161 Front Street is a 64,233 square foot building in the Financial District...
215 Pearl Street
Manhattan, 10038
LAM GROUP, LAM PEARL STREET HOTEL LLC
...
4023 10th Avenue
Brooklyn, 11219
LAM GROUP, LAM'S CAPITAL LLC
This property is a new development. The developer(s) filed plans in April of...
235 West 125th Street
Manhattan, 10027
Lam Group, 233 WEST 125TH ST DANFORTH, LLC
...
1227 Broadway
Manhattan, 10001
LAM GROUP, LAM GROUP
...

Subscribe to our e-Lerts

New York Real Estate News
South Florida Real Estate News