McSam Hotel Group | The Real Deal New York

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McSam Hotel Group

420 Great Neck Road
Great Neck, NY 11021
(516) 773-9300
margaretling@mcsamhotel.com
Sam Chang

McSam Hotel Group is one of the largest hotel developers in New York City. Founded in 2001 by its current chairman, longtime hotel developer Sam Chang, the Long Island-based McSam made its name building along Manhattans West Side and converting a once-industrial area into a hotel haven. At any one time, the hotel company has a number of hotels in development. In 2008, McSam boasted 22 hotels under development, though the firm's pace slowed after the recession hit that same year, especially with ground-up Manhattan projects. The company ran into trouble in 2014 when one of its construction workers was killed by a concrete slab while working on a hotel, which brought city building code violations. Most of McSam's hotels are in Midtown, and a many of them are targeted towards the budget traveler. McSam uses architects Gene Kaufman and Michael Kang for many of its projects, such as 344 West 36th Street. Chang, who was born in 1960, has in recent years taken a lesser role in the firm's projects.


11/13/17
...Spoon Catering and its restaurant, Tablespoon. 2.) Sam Chang's McSam Hotel Group bought a three-story commercial building from Extell Development, just one building down from another...

10/05/17
...owns the land. Chang, who runs Great Neck-based McSam Hotel Group, is set to close on the 24th Street purchase by Nov. 1, sources said. Gene...

08/25/17
...on Friday to discuss the new loan. Chang's McSam Hotel Group is also in the process of developing a 175-key Pastana Hotel at 338 West 39th...

07/28/17
...a 175-key Pastana Hotel with Sam Chang’s McSam Hotel Group at 338 West 39th Street and a 100-key hotel at 456 Greenwich Street with Caspi Development...

06/07/17
...around and sold the site for $26 million to McSam Hotel Group’s Sam Chang, without commencing construction. The fat profit allowed him to tackle more...

05/19/17
...and 350 West 39th streets, records show. In 2015, Chang's McSam Hotel Group filed plans to build a 21-story, 400-key hotel at 350 West 39th. The Gene Kaufman-designed...

03/09/17
...equity from Square Mile Capital Management. His firm, McSam Hotel Group, is building a 25-story, 520-key property on the site, located at 350 West 39th Street...

12/08/16
...Garment District. In October, his Great Neck-based company McSam Hotel Group filed plans with the city to replace a one-story retail strip with a 252-key...

...is hotelier Sam Chang. Back in September 2015, the McSam Hotel Group CEO told TRD that the Flushing market was “hot.” He was planning to build...

10/28/16
...sidewalk with no setbacks. Chang , head of the McSam Hotel Group, bought the church in 2014 for $50.75 million. He initially planned to demolish the structure to...

10/20/16
...th Street and Eighth Avenue. Chang's Great Neck-based McSam Hotel Group filed plans with the city Thursday to replace a one-story retail strip with a...

10/03/16
...College Point and Sam Chang 1.) Sam Chang’s McSam Hotel Group is taking over a mixed-use building in the College Point neighborhood. The Great Neck-based...

09/28/16
...the seller. That same week, Chang, CEO of McSam Hotel Group, separately bought Holiday Inn near LaGuardia airport for $37.6 million.  The Club Quarters deal is...

08/26/16
...Club Quarters hotels for $155 million. Chang's Great Neck-based McSam Hotel Group picked up Club Quarters Hotel at 25 West 51st Street near Rockefeller Center and Club...

08/25/16
...Airport is taking flight. Chang’s Great Neck-based McSam Hotel Group paid $37.6 million for the Holiday Inn LaGuardia Airport in Queens, property records show. The...

08/15/16
...with the city's Department of Finance show. Chang's McSam Hotel Group is currently building a 612-key hotel on the site, which was formerly home to...

07/12/16
...and James Murad brokered the loan. Chang’s McSam Hotel Group bought the six-story Postgraduate Center for Mental Health for $50.8 million in August 2014 and filed...

06/07/16
...records filed with the city Monday. Chang’s McSam Hotel Group closed May 19 on the purchase of a ground lease at 523-529 Eighth Avenue, near...

05/16/16
...had previously been owned by Sam Chang’s McSam Hotel Group, which had planned to build a 36-story hotel on the site. Chang sold the...

04/01/16
...projects across the city. Chang’s Great Neck-based McSam Hotel Group already owns two Marriott hotels in Indianapolis, but is now partnering with the chain...

02/17/16
...for a 20-story hotel in Midtown East. The McSam Hotel Group boss is scheduled to close on 14 and 16 East 39th Street for $31.6 million. The vacant...

12/07/15
...-story office tower at 2 Broadway. 3.) Sam Chang’s McSam Hotel Group sold a development site at 337 West 36th Street for $10 million to another Great Neck-based...

10/22/15
...record, did not return requests for comment. Though McSam Hotel Group head Sam Chang this week dropped plans for a 400-key hotel and condominium project...

10/20/15
...The market is hot in Flushing right now,” McSam Hotel Group’s Sam Chang told The Real Deal just last month, enthusiastic about future plans...

10/20/15
...site, which was previously owned by Sam Chang's McSam Hotel Group, in 2012, with plans to convey a long-term ground lease condominium interest in the building...
McSam Hotel Group, Founder
Sam Chang is the founder and chairman of McSam Hotel Group, a real...
  • Event Sales
  • Address 292-296 Fifth Avenue
  • Neighborhood Nomad
  • Borough Manhattan
  • Square feet 5,769
  • Price $ 42,420,000
notes
The lot was purchased by hotel developer Sam Chang's firm for $42.4 million.
  • Event Financing
  • Address 326 West 27th Street
  • Neighborhood #N/A
  • Borough Manhattan
  • Square feet 191,000
  • Price $ 80,000,000
notes
The developer secured an $80 million loan for the hotel.
  • Event Financing
  • Address 350 West 39th Street
  • Borough Manhattan
  • Price $ 120,000,000
notes
The company secured a $120 million construction loan for the proposed hotel development.
  • Event Sales
  • Address 52 Williams Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 119,467
  • Price $ 95,000,000
notes
The hotel was acquired for $95 million.
  • Event Financing
  • Address 52 William Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 119,467
  • Price $ 72,000,000
  • Publication Date 02/01/2017
  • Event Date 12/18/2016
  • Party 1 McSam Hotel Group
  • Party 2 Aareal Capital Corporation, Northstar Realty Corporation
notes
The company secured a $72 million acquisition loan for the 289-key hotel.
  • Event Sales
  • Address 292 Fifth Avenue
  • Neighborhood Koreatown
  • Borough Manhattan
  • Square feet 70,000
  • Price $ 42,500,000
notes
The development site was sold for $42.5 million.
  • Event Sales
  • Address 25 West 51st Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 103,429
  • Price $ 155,000,000
  • Price per foot $ 1,498.00
  • Publication Date 10/01/2016
  • Event Date 08/15/2016
  • Party 1 RCQ Hotel Mt
  • Party 2 McSam Hotel Group
notes
The two Club Quarters hotels sold for $145 million in a deal that includes 40 West 45th Street.
  • Event Sales
  • Address 37-10 114th Street
  • Neighborhood North Corona
  • Borough Queens
  • Square feet 118,300
  • Price $ 37,600,000
  • Price per foot $ 318.00
  • Publication Date 10/01/2016
  • Event Date 08/15/2016
  • Party 1 Samcom 48
  • Party 2 McSam Hotel Group
  • Party 2 Brokerage Thompson Hotels
notes
The Holiday Inn LaGuardia sold for $37.6 million.
  • Event Financing
  • Address 346 West 40th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 215,000,000
  • Publication Date 10/01/2016
  • Event Date 08/15/2016
  • Party 1 McSam Hotel Group
  • Party 2 Bank of the Ozarks
notes
The company secured a $215 million loan for assets that included 348-350 West 40th Street.
  • Event Financing
  • Address 25 West 51st Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 162,353
  • Price $ 100,500,000
  • Publication Date 10/01/2016
  • Event Date 08/15/2016
  • Party 1 McSam Hotel Group
  • Party 2 Aareal Capital
notes
The company secured a $100.5 million loan senior loan for assets that included 40 West 45th Street.
  • Event Financing
  • Address 334 West 36th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Price $ 59,200,000
  • Publication Date 09/01/2016
  • Event Date 07/15/2016
  • Party 1 McSam Hotel Group
  • Party 2 Bank of the Ozarks
notes
The Sam Chang -owned company secured a $59.2 million construction loan.
  • Event Financing
  • Address 338 West 36th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Price $ 115,000,000
notes
The company secured a $115 million loan.
  • Event Financing
  • Address 338 West 39th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 25,800,000
  • Publication Date 06/01/2016
  • Event Date 05/18/2016
  • Party 1 McSam Hotel Group
  • Party 2 Pembrook Capital Management
notes
The company secured a $25.8 million mezzanine loan.
  • Event Sales
  • Address 523 Eighth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 7,454
  • Price $ 27,100,000
  • Price per foot $ 3,635.63
notes
The ground lease sold for $27.1 million.
  • Event Sales
  • Address 9 East 39th Street
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 101,100
  • Price $ 31,600,000
notes
The 2 buildings sold for $31.6 million included 14 East 39th Street.
  • Event Sales
  • Address 345-353 West 38th Street
  • Neighborhood Hell's Kitchen
  • Borough Manhattan
  • Price $ 112,000,000
  • Event Sales
  • Building Name 334-344 West 36th Street
  • Address 344 West 36th Street
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 58,634
  • Price $ 50,750,000
  • Price per foot $ 865.54
notes
The property sold for $50.75 million. 6-story, 58,634 sf office bldg
  • Event Sales
  • Address 334-344 West 36th Street
  • Neighborhood Hell's Kitchen
  • Borough Manhattan
  • Price $ 50,750,000
  • Event Sales
  • Address 32 Pearl Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 28,700,000
  • Publication Date 09/01/2011
  • Event Date 07/23/2011
  • Party 1 McSam Hotel Group
  • Party 2 Hersha Hospitality Trust
notes
The property sold for $28.7 million. The buyer plans to develop an 81-room Hampton Inn on the site, according to Real Estate Weekly.
  • Event Sales
  • Address 33 Beekman Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 15,700,000
  • Publication Date 08/01/2011
  • Event Date 06/22/2011
  • Party 1 McSam Hotel Group
  • Party 2 Jiten Hotel Management
notes
The distressed development site sold for $15.7 million. McSam had purchased the property for $22 million in 2007.
  • Event Sales
  • Address 126 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 36,700,000
  • Publication Date 06/01/2011
  • Event Date 04/22/2011
  • Party 1 McSam Hotel Group
  • Party 2 Hersha Hospitality subsidiary
notes
The Holiday Inn Express sold for $36.7 million.
  • Event Sales
  • Address 343 West 39th Street
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Price $ 57,800,000
  • Publication Date 04/01/2010
  • Event Date 02/20/2010
  • Party 1 McSam Hotel Group
  • Party 2 Hersha Hospitality Trust
notes
The hotel, a Holiday Inn Express, sold for $57.8 million.
  • Event Sales
  • Address 337 West 39th Street
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Price $ 54,300,000
  • Publication Date 03/01/2010
  • Event Date 01/20/2010
  • Party 1 McSam Hotel Group
  • Party 2 Hersha Hospitality Trust
notes
The Hampton Inn hotel sold for $54.3 million.
  • Event Sales
  • Address 339 West 39th Street
  • Borough Manhattan
  • Price $ 55,500,000
  • Publication Date 03/01/2010
  • Event Date 01/20/2010
  • Party 1 McSam Hotel Group
  • Party 2 Hersha Hospitality Trust
notes
The Candlewood Suites hotel sold for $55.5 million.
  • Event Sales
  • Building Name Wyndham Grand Hotel Manhattan Chelsea West
  • Address 37 West 24th Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Price $ 39,060,000
  • Publication Date 01/01/2009
  • Event Date 11/22/2008
  • Party 1 McSam Hotel Group
  • Party 2 Gemini Real Estate Advisors
notes
The hotel sold for $39.06 million. It opened in early November.
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09/28/16
...the seller. That same week, Chang, CEO of McSam Hotel Group, separately bought Holiday Inn near LaGuardia airport for $37.6 million.  The Club Quarters deal is...

09/02/15
...of the world. Sam Chang of the ubiquitous McSam Hotel Group filed for two hotel buildings at 338 and 342 West 39th Street, on a block in...

...t included in TRD’s totals. Similarly, the McSam Hotel Group, the prolific development company headed by Sam Chang, also didn’t make the list...
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