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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 Financing
    • Address 534 West 58th Street
    • Neighborhood Hell's Kitchen
    • Borough Manhattan
    • Square feet 67,511
    • Price $ 71,000,000
    • Publication Date 01/10/2020
    • Event Date 01/08/2020
    • Party 1 McSam Hotel Group
    • Party 2 CITIC Bank
    notes
    The owner secured a loan of $71 million for the Hell's Kitchen property.
    • Event Financing
    • Address 150 West 48th Street
    • Neighborhood Times Square
    • Borough Manhattan
    • Square feet 276,000
    • Price $ 250,000,000
    • Publication Date 12/27/2019
    • Event Date 12/19/2019
    • Party 1 McSam Hotel Group
    • Party 2 S3 Capital Partners
    notes
    The owner secured a construction loan of $250 million for the Times Square property.
    • Event Financing
    • Address 346 West 40th Street
    • Neighborhood Hudson Yards
    • Borough Manhattan
    • Square feet 200,590
    • Price $ 210,000,000
    • Publication Date 12/06/2019
    • Event Date 12/03/2019
    • Party 1 McSam Hotel Group
    • Party 2 Goldman Sachs, UBS
    notes
    The owner secured a loan of $210 million for the Hudson Yards property.
    • 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.
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    ...
    Manhattan, 10018
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    Queens, 11420
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    ...
    Manhattan, 10010
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    Manhattan, 10001
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    Manhattan, 10018
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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...
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    Brooklyn, 11220
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    ...
    Brooklyn, 11220
    McSam Hotel Group, MCSAM TRIBECA LLC.
    ...
    Brooklyn, 11220
    McSam Hotel Group, MCSAM TRIBECA LLC.
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    Manhattan, 10001
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    ...
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    ...
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