McSam Hotel Group | TRD Research
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McSam Hotel Group

420 Great Neck Road
Great Neck, NY 11021
(516) 773-9300
[email protected]

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.

McSam Hotel Group, Founder
Sam Chang is the founder and chairman of McSam Hotel Group, a real...
  • Event Sales
  • Address 140 West 24th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 140,500
  • Price $ 112,000,000
notes
The buyer secured the Chelsea property for $112 million.
  • Event Sales
  • Address 38-11 10th Street
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 10,625
  • Price $ 1,200,000
notes
The buyer purchased the Long Island City property for $1.2 million.
  • Event Financing
  • Address 292 Fifth Avenue
  • Neighborhood Nomad
  • Borough Manhattan
  • Square feet 88,000
  • Price $ 76,000,000
  • Publication Date 10/22/2018
  • Event Date 10/15/2018
  • Party 1 McSam Hotel Group
  • Party 2 S3 Capital Partners
notes
The owner secured a construction loan of $76 million for the Nomad property.
  • Event Financing
  • Address 144-02 135th Avenue
  • Neighborhood Jamaica
  • Borough Queens
  • Square feet 271,018
  • Price $ 71,000,000
notes
The lender issued a construction loan of $71 million for the Jamaica property.
  • 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
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
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
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
  • Publication Date 01/01/2017
  • Event Date 11/17/2016
  • Party 1 Richard Born
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Robert Knakal, John Ciraulo, Jonathan Hageman
  • Party 2 McSam Hotel Group
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.
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09/28/2016
Rockwood Capital was the seller. That same week, Chang, CEO of McSam Hotel Group, separately bought Holiday Inn near LaGuardia airport for $37.6 million...

09/02/2015
Meanwhile, in Manhattan, the usual suspect took to keeping up with the Howard Johnsons 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 the Garment District where many lots are still designated for industrial and manufacturing land use...

11/01/2012
Similarly, the McSam Hotel Group, the prolific development company headed by Sam Chang, also didn’t make the list...
Manhattan, 10011
MCSAM HOTEL GROUP, SC 142 WEST 24 LLC
This property is a new development. The developer(s) filed plans in September of...
Manhattan, 10013
MCSAM HOTEL GROUP, CBCS HUDSON EQUITIES LLC
...
Brooklyn, 11220
McSam Hotel Group, SARLA SAI LLC.
...
Brooklyn, 11220
McSam Hotel Group, MCSAM TRIBECA LLC.
...
Brooklyn, 11220
McSam Hotel Group, MCSAM TRIBECA LLC.
...
Manhattan, 10013
MCSAM HOTEL GROUP, CBCS HUDSON EQUITIES LLC
This property is a new development. The developer(s) filed plans in December of...
Manhattan, 10012
McSam Hotel Group, METRO SIXTEEN HOTEL LLC
This property is a new development. The developer(s) filed plans in March of...
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
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...
Manhattan, 10001
MCSAM HOTEL GROUP, 140 WEST 28 OWNER LLC
...
Manhattan, 10010
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McSam Hotel Group, RISINGSAM DITMARS, LLC
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Manhattan, 10016
MCSAM HOTEL GROUP, 9 EAST 38TH STREET REALTY LLC
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Manhattan, 10018
MCSAM HOTEL GROUP, NAAHS TRUST|NAAPS TRUST|RS 308 WEST 40 LLC
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Manhattan, 10010
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Manhattan, 10001
MCSAM HOTEL GROUP, WDSA 5TH AVENUE LLC
...
Manhattan, 10018
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Manhattan, 10018
MCSAM HOTEL GROUP, QUADRUM 38 LLC
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Manhattan, 10018
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