Sam Chang | The Real Deal New York

The Real Deal New York

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Sam Chang

Sam Chang is the founder and chairman of McSam Hotel Group, a real estate developer of limited-service hotels in New York City for brands like Holiday Inn Express and Days Inn, which are more commonly found in other parts of the country.

Chang is an immigrant from Taiwan and a high school dropout. His company specializes in finding inexpensive sites, typically in areas zoned for industrial uses, developing them into hotels, and selling these to hotel operators. Chang has four children, Danny, Kevin, Jeffrey, and Jennifer.

-TA


03/12/19
...Ruddy said. Kaufman noted that the TCO for Sam Chang and Marriott’s dual-branded hotel on West 36th Street was held up last year...

03/11/19
...Sam Chang and a rendering of the Hyatt Place hotel at 350 West 39th Street (Credit: Gene...

03/11/19
...see how it works for commercial properties like Sam Chang...

...Ruddy said. Kaufman noted that the TCO for Sam Chang and Marriott’s dual-branded hotel on West 36th Street was held up last year...

02/21/19
...see how it works for commercial properties like Sam Chang...

02/06/19
...West 36th Street with Sam Chang (Credit: Google Maps) Sam Chang’s McSam Hotel Group is in contract to sell...

01/15/19
...amp; Wakefield’s Bob Knakal, who recently brokered Sam Chang’s $76 million purchase of a Chelsea hotel development site, put it this way: “The...

01/03/19
...Street (Credit: Magna Hospitality and Google Maps) Cha-chang! Sam Chang...

12/11/18
...to be its only hotel in the city. Sam Chang...

12/05/18
...City but ended up selling the site to Sam Chang. S3 Capital recently financed Cheskel Schwimmer’s South Bronx project with a $75 million loan...

12/04/18
...Rheingold Brewery in Bushwick. The company recently lent Sam Chang’s McSam Hotel Group $76 million for the construction of a 180-key hotel in NoMad...

12/04/18
...Development and another Long Island City hotel from Sam Chang. The full list of November’s top 10 biggest real estate projects is below: 1.) 401 East...

11/28/18
...last-mile logistics for deliveries. 4) McSam I Am – $71 million Sam Chang’s McSam Hotel Group landed this $71 million loan from Bank OZK for the property...

11/27/18
...road from 52-02 Van Dam Street, where developer Sam Chang just filed plans for a 282-room hotel...

11/26/18
...Sam Chang and 52-02 Van Dam Street (Credit: Long Island City) Another day, another Long Island...

11/02/18
...building his on leftover land from hotel developer Sam Chang’s 2006 purchase of two East 52nd Street buildings. Small houses in New York are...

10/15/18
...Sam Chang and a rendering of 292 Fifth Avenue (Credit: Ondel/CityRealty) Sam Chang's McSam Hotel Group...

09/20/18
...-room hotel in Manhattan’s Financial District with Sam Chang and took control of the property in 2014. The hotel has an occupancy rate of...

08/24/18
...West 36th Street and Sam Chang (Credit: Google Maps) Sam Chang’s McSam Hotel Group has sold its leasehold on...

08/14/18
...well. Just one hotel was completed last month – Sam Chang’s 89-unit, 30,000-square-foot project at 337 West 36th Street – while six new projects kicked off...

08/01/18
...amp; Wakefield’s Bob Knakal, who recently brokered Sam Chang’s $76 million purchase of a Chelsea hotel development site, put it this way: “The...

07/31/18
...just 10 percent longer to build than other buildings. Sam Chang, one of the city’s most prolific hotel developers, said he wasn’t sure...

07/24/18
...Sam Chang and the site at 525 Eighth Avenue (Credit: Google Maps) Madison Realty Capital has loaned...

06/27/18
...year. Some of its recent deals include developer Sam Chang’s $10.2 million purchase of 38-47 9th Street in Long Island City and landlord Kenneth...

06/11/18
...Sam Chang and 38-47 9th Street (Credit: Google Maps) In the world of mid-market New York...
  • Event Sales
  • Address 38-15 9th Street
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 49,917
  • Price $ 6,500,000
notes
The buyer secured the Long Island City property for $6.5 million.
  • Event Financing
  • Address 585 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 103,133
  • Price $ 83,000,000
notes
The hotel developer acquired a loan for $83 million.
  • Event Financing
  • Address 292-296 Fifth Avenue
  • Neighborhood Nomad
  • Borough Manhattan
  • Square feet 5,769
  • Price $ 26,172,000
notes
The entity secured a $26,172,000 loan.
  • 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 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 Sales
  • Address 40-70 Delong Street
  • Neighborhood Flushing
  • Borough Queens
  • Price $ 44,500,000
  • Publication Date 12/01/2015
  • Event Date 10/22/2015
  • Party 1 Sam Chang
  • Party 2 Flushing Point Holdings
  • Party 2 Brokerage Wing Fung Home Realty
notes
The two-story development site sold for $44.5 million.
  • Event Residential Sales
  • Building Name 65-06 Grand Central Parkway
  • Address Unit 1C, 65-06 Grand Central Parkway
  • Unit 1C
  • Neighborhood Forest Hills
  • Borough Queens
  • Square feet 2,285
  • Price $ 410,670
  • Price per foot $ 179.72
  • Publication Date 10/14/2015
  • Event Date 09/24/2015
  • Party 1 Sam Chang
  • Party 1 Entity Brisam Forest Hills LLC
  • Party 2 Cheng, Zhao
  • Event Sales
  • Address 532-540 West 48th Street
  • Neighborhood Hell's Kitchen
  • Borough Manhattan
  • Price $ 16,500,000
  • Publication Date 11/01/2014
  • Event Date 09/17/2014
  • Party 1 UFCW Local 174
  • Party 2 Sam Chang
  • Event Sales
  • Address 98 Greenwich Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 22,600
  • Price $ 19,000,000
  • Price per foot $ 840.71
  • Publication Date 02/01/2013
  • Event Date 12/23/2012
  • Party 1 Sam Chang
  • Party 2 Jiten Hotel Management
notes
The property sold for $19 million. The site is slated for the development of a 24-story, 180-room boutique hotel, measuring roughly 70,000 square feet, according to previous reports.
  • Event Sales
  • Address 50 Trinity Place
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 15,000,000
notes
The stalled development site sold for $15 million, the New York Post reported.
  • Event Sales
  • Address 154 Delancey Street
  • Borough Manhattan
  • Square feet 5,045
  • Price $ 15,750,000
  • Price per foot $ 3,121.90
notes
The property sold for $15.75 million, or $330 per buildable square foot. The current zoning for the site is C6-1, but a proposed C6-2A zoning change could boost the total buildable square footage to 47,706.
  • Event Sales
  • Address 60 West 36th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 20,240
  • Price $ 16,220,000
  • Price per foot $ 801.38
notes
The property sold for $16.22 million. McSam's Sam Chang is also developing a hotel on West 35th Street, a block away.
  • Event Sales
  • Address 8 Stone Street
  • Borough Manhattan
  • Price $ 17,000,000
  • Publication Date 03/01/2008
  • Event Date 01/21/2008
  • Party 1 Rockrose Development
  • Party 2 Sam Chang
  • Party 2 Brokerage DeMarzo Realty
  • Party 2 Broker Howard Greenberg
notes
The parking facility sold for $17 million.
  • Event Sales
  • Address 548 West 48th Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Square feet 6,250
  • Price $ 6,600,000
  • Price per foot $ 1,056.00
  • Publication Date 02/01/2008
  • Event Date 12/23/2007
  • Party 2 Sam Chang
notes
The building currently housing a Pace Auto Parts Inc. sold for $6.6 million.
  • Event Sales
  • Address 397-401 East 8th Street
  • Neighborhood East Village
  • Borough Manhattan
  • Price $ 4,900,000
  • Event Sales
  • Building Name 397-401 East 8th Street
  • Address 401 East 8th Street
  • Neighborhood East Village
  • Borough Manhattan
  • Price $ 4,900,000
notes
The property sold for $4.9 million. McSam plans a six-and-a-half-story residential condominium at the site.
  • Event Sales
  • Building Name The Hilton Grand Inn Chelsea
  • Address 121 West 28th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Price $ 55,000,000
  • Publication Date 12/01/2007
  • Event Date 10/22/2007
  • Party 1 Sam Chang
  • Party 2 Inland American Winston Hotels
notes
The hotel sold for $55 million. Chang purchased the sites at 119-121 West 28th Street in 2005 for $5.75 million. The hotel, which opened on October 16th, was sold after this summer's merger between Winston Hotels and the REIT Inland American.
  • Event Sales
  • Address 338 Bowery
  • Neighborhood Noho
  • Borough Manhattan
  • Price $ 7,800,000
  • Publication Date 08/01/2007
  • Event Date 06/22/2007
  • Party 2 Sam Chang
notes
The hotel, known for its $30 room rates and international backpacking clientele, sold for $7.8 million.
  • Event Sales
  • Address 20 West 56th Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Price $ 7,500,000
notes
The 2,500-square-foot site and existing five-story property were acquired for $7.5 million. Chang plans to build a 20,000-square-foot boutique hotel.
Queens, 11375
McSam Hotel Group, BRISAM FOREST HILLS, LLC
The sponsor(s) filed plans on 11/20/08 for a condo project at 65-06 Grand...
Manhattan, 10022
McSam Hotel Group, HHLP 52ND ASSOCIATES, LLC
206 East 52nd Street is a 29,924 square foot building in the Midtown...
Queens, 11420
McSam Hotel Group, RISINGSAM MANAGEMENT LLC.
...
Manhattan, 10018
MCSAM GROUP, SNRP WEST 37 LLC
326 West 37th Street is an 85,824 square foot building in the Hell’S...

10/10/16
...the DOB. Wing-Fung Realty bought the site from Sam Chang...

09/28/16
...Richard Baxter and Yoron Cohen brokered the deal. 5) Sam Chang + hotel = $155 million Sam Chang's new hotels New York’s most prolific hotel developer, Sam...

02/12/16
...and 31-07 20th Avenue (Queens) Did you know Sam Chang is building a Manhattan hotel that's not in Midtown? Or that the biggest project...

09/02/15
...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...