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.


08/24/18
...Sam Chang (Credit: Google Maps) Sam Chang’s McSam Hotel Group has sold its leasehold on a Midtown hotel to a west coast-based hospitality company...

07/24/18
...Madison Realty Capital has loaned Sam Chang’s McSam Hotel Group $38 million for his Midtown project at 525 Eighth Avenue. Chang is building a 28-story building...

06/11/18
...Bakery in East New York. 1.) Sam Chang’s McSam Hotel Group bought a development site in Long Island City for $10.2 million, or $90 per square foot...

06/05/18
...spot on May’s list. The developer’s McSam Hotel Group filed plans last month for a 13-story building spanning about 112,000 square feet and standing...

05/21/18
...included prolific hotel developer Sam Chang of the McSam Hotel Group...

05/16/18
...Lam Group's 215 Pearl Street, Hidrock Realty's 133 Greenwich Street, McSam Hotel Group...

05/14/18
...property the hotelier acquired last year. Chang’s McSam Hotel Group filed permits for a 13-story hotel spanning 111,627 square feet at the site, according to...

01/23/18
...at the 12-story project developed by Chang’s McSam Hotel Group, according to Crain’s. The worker was not tied to a fall-protection safety line...

01/12/18
...he developed and sold in 2010. The head of McSam Hotel Group is paying $29.2 million for the Comfort Inn at 548 West 48th Street, property records show...

01/10/18
...throwing in $86 million in gap mortgages. Chang’s McSam Hotel Group bought the site, formerly the Postgraduate Center for Mental Health, for $50.8 million in 2014. The...

01/02/18
...The two banks have worked with Chang’s McSam Hotel Group before, financing a Doubletree at 346 West 40th Street, a SpringHill Suites at 338 West 36th...

12/29/17
...Long Island City hotel market. The developer’s McSam Hotel Group has closed on the $7.8 million purchase of 38-04 11th Street, where he is planning...

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...
McSam Hotel Group, Founder
Sam Chang is the founder and chairman of McSam Hotel Group, a real...
  • Event Sales
  • Address 337 West 36th Street
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 39,291
  • Price $ 22,150,000
  • Publication Date 08/27/2018
  • Event Date 08/24/2018
  • Party 1 McSam Hotel Group
  • Party 2 Pineapple Hospitality
notes
The buyer purchased the Hudson Yards property for $22.15 million.
  • Event Sales
  • Address 3823 9th Street
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 50,000
  • Price $ 8,000,000
  • Publication Date 07/30/2018
  • Event Date 07/27/2018
  • Party 1 Ioannis Manassakis
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Stephen Preuss
  • Party 2 McSam Hotel Group
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Stephen Preuss
notes
The buyer bought the Long Island City portfolio for $8 million.
  • Event Financing
  • Address 525 Eighth Avenue
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 106,827
  • Price $ 38,000,000
  • Publication Date 07/30/2018
  • Event Date 07/24/2018
  • Party 1 McSam Hotel Group
  • Party 2 Madison Realty Capital
notes
The owner secured a construction loan of $38 million for the Hudson Yards property.
  • Event Financing
  • Address 338 West 36th Street
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 132,210
  • Price $ 185,000,000
  • Publication Date 02/06/2018
  • Event Date 01/10/2018
  • Party 1 McSam Hotel Group
  • Party 2 Bank of the Ozarks
notes
The owner landed a $185 million refinancing loan for the planned Marriott hotel in Hudson Yards.
  • Event Financing
  • Address 548 West 48th Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Square feet 28,540
  • Price $ 14,500,000
  • Publication Date 02/06/2018
  • Event Date 01/12/2018
  • Party 1 McSam Hotel Group
  • Party 2 Customer Bank
notes
Hotelier lands $14.5 million loan for Comfort Inn
  • Event Sales
  • Address 548 West 48th Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Square feet 28,540
  • Price $ 29,168,079
  • Publication Date 02/06/2018
  • Event Date 01/12/2018
  • Party 1 M&R Hotel Management
  • Party 2 McSam Hotel Group
notes
The prolific developer bought out his partner on the Midtown West Comfort Inn for $29.2 million.
  • Event Sales
  • Address 38-04 11th Street
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 43,458
  • Price $ 78,000,000
notes
The developer acquired the Long Island City property for $78 million.
  • Event Financing
  • Address 140 West 24th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Price $ 33,500,000
  • Publication Date 11/06/2017
  • Event Date 11/02/2017
  • Party 1 McSam Hotel Group
  • Party 2 Goldman Sachs
notes
The owner acquired a loan for $33.5 million.
  • Event Sales
  • Address 140 West 24th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Price $ 61,000,000
  • Publication Date 11/06/2017
  • Event Date 11/02/2017
  • Party 1 Extell Development
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Robert Knakal, Brock Emmetsburger
  • Party 2 McSam Hotel Group
notes
The budget hotel-maven acquired the property for $61 million.
  • 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 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 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 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 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 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 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 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 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 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 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 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 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 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
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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...
Queens, 11375
McSam Hotel Group, BRISAM FOREST HILLS, LLC
The sponsor(s) filed plans on 03/03/08 for a condo project at 64-34 Grand...
Manhattan, 10018
McSam Hotel Group, LSCH LLC
...
Manhattan, 10010
McSam Hotel Group, SCIPM EAST 24TH STREET
111 East 24th Street is a 39,368 square foot property in the Flatiron...
Manhattan, 10018
MCSAM GROUP, SNRP WEST 37 LLC
326 West 37th Street is a 88,503 square foot property in the Hell’s...
Manhattan, 10006
SAM CHANG, GOLDEN SEAHORSE LLC
99 Washington Street is a 114,025 square foot building in the Financial District...
Brooklyn, 11217
CB DEVELOPERS, 46 NEVINS STREET ASSOCIATES LLC
46 Nevins Street is a 72,357 square foot building in the Boerum Hill...
Manhattan, 10018
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Manhattan, 10017
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Manhattan, 10010
MCSAM HOTEL GROUP, SCIPM EAST 24TH STREET
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Manhattan, 10001
MCSAM HOTEL GROUP, WDSA 5TH AVENUE LLC
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Manhattan, 10018
MCSAM HOTEL GROUP, NYHK WEST 40 LLC, A DELAWARE LLC
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Manhattan, 10018
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