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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

  • Event Financing
  • Address 25 West 51st Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Price $ 83,000,000
  • Publication Date 08/16/2019
  • Event Date 08/16/2019
  • Party 1 Sam Chang
  • Party 2 Madison Realty Capital
notes
The owner secured a loan of $83 million for the Plaza District property.
  • Event Financing
  • Address 25 West 51st Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Price $ 83,000,000
  • Publication Date 08/16/2019
  • Event Date 08/16/2019
  • Party 1 Sam Chang
  • Party 2 Madison Realty Capital
notes
The owner secured a loan of $83 million for the Plaza District property.
  • 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, 11101
Sam Chang, 9TH STREET LIC LLC
This property is a new development. The developer(s) filed plans in May of...
Queens, 11377
SAM CHANG, CBCS QUEENS BLVD LLC
The sponsor(s) filed plans on 03/31/09 for a condo project at 63-14 Queens...
Manhattan, 10006
SAM CHANG, GOLDEN SEAHORSE LLC
99 Washington Street is a 114,025 square foot building in the Financial District...

06/15/2017
There will be an amenity space on the ninth floor and a rooftop terrace. Marvel Architects is the architect of record. Quadrum partnered with Sam Chang in 2014 to buy the site for a combined $112 million, with plans to subdivide the property and build two hotels -- one developed by each...

10/10/2016
The two buildings will each rise 19 stories and together have 276,000 square feet of residential space and 278,000 square feet of commercial space, according to permits filed with the DOB. Wing-Fung Realty bought the site from Sam Chang's McSam Group last year for $44.5 million...

09/28/2016
From left: Allianz CEO Oliver Bäte and 10 Hudson Yards, PGIM CEO Eric Alder and 11 Madison Last month’s 10 most expensive investment sales in From left: Allianz CEO Oliver Bäte and 10 Hudson Yards, PGIM CEO Eric Alder and 11 Madison Last month’s 10 most expensive investment sales in...

02/12/2016
Clockwise from left: 21 Hinckley Place (Brooklyn), 530 Exterior Street (Bronx), 111 East 24th Street (Manhattan) 20-31 and 31-07 20th Avenue (Queens) Did you know Clockwise from left: 21 Hinckley Place (Brooklyn), 530 Exterior Street (Bronx), 111 East 24th Street (Manhattan) 20-31 and 31-07 20th Avenue (Queens) Did you know...

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...
Queens, 11101
Sam Chang, 9TH STREET LIC LLC
This property is a new development. The developer(s) filed plans in May of...
Manhattan, 10006
SAM CHANG, GOLDEN SEAHORSE LLC
99 Washington Street is a 114,025 square foot building in the Financial District...