Sam Chang | 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


06/11/18
...Sam Chang and 38-47 9th Street (Credit: Google Maps) In the world of mid-market New York...

06/08/18
...working on projects in the neighborhood for developers Sam Chang and Teddy Li. Developers had filed plans for 45 new hotels in Long Island City...

06/05/18
...on the Greenpoint waterfront, a new hotel from Sam Chang in Long Island City and a 129-unit residential project from HAP Investments in Washington...

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

05/14/18
...Sam Chang and 38-39 9th Street Sam Chang is proposing a 324-key hotel at 38-39 9th Street, just a block away from...

03/09/18
...paid $28.73 million to purchase the property from hotelier Sam Chang in 2011 as the company expanded its footprint in New York City. The real estate...

02/28/18
...major hotel projects in the pipeline, such as Sam Chang’s 566-room SpringHill Suites & Fairfield Inn in the Garment District at 338 West 36th...

02/26/18
...the Club Quarters Hotel at 52 William Street to Sam Chang...

02/19/18
...don't build themselves - $185 million Chain hotel gentleman Sam Chang refinanced his still-in-progress hotel development at 338 West 36th Street. The debt is a $185 million...

01/23/18
...Sam Chang and 111 East 24th Street (Credit: Google Maps) A construction worker fell to his death...

01/12/18
...Sam Chang and 548 West 48th Street (Credit: Choice Hotels) Sam Chang bought back a Midtown West...

01/10/18
...The previous site at 338 West 36th Street, Sam Chang, and Matt Borstein Sam Chang refinanced his Marriott hotel development at 338 West 36th Street...

01/08/18
...Ozarks, an Arkansas-based bank, also gave loans for Sam Chang’s Chelsea hotel project and CIM Group and LIVWRK’s Crown Heights residential project...

01/02/18
...of 140 West 28th Street, the current site, and Sam Chang (Credit: Eastern Consolidated and Google Maps) Sam Chang scored $121.4 million in construction financing for...

12/29/17
...rendering of 38-04 11th Street (Credit: Preuss Group) Sam Chang is joining the jam packed Long Island City hotel market. The developer’s McSam...

12/28/17
...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...

12/11/17
...Province, developed the hotel at 99 Washington Street with Sam Chang and then bought him out in September 2014, property records show. The four-star hotel received...

12/01/17
...Avner bought the development site from budget hotelier Sam Chang in 2014, paying $17.4 million. In East Harlem, Avner and development partner Udi Gilboa are developing...

...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...

11/13/17
...Equities bought a Flatiron District commercial building, and Sam Chang made an assemblage play in Chelsea. 1.) Ariel Akkad's HH Realty Equities bought a six-story...

10/10/17
...Developers’ $83 million purchase of 12-18 West 55th Street, Sam Chang’s roughly $60 million pending purchase of 140-142 West 24th Street , and Extell Development’s...

10/05/17
...Sam Chang, Gary Barnett and 140 West 24th Street (Credit: Google Maps) Extell Development is in contract...

10/05/17
...the list was a hotel in Chelsea from Sam Chang, while the sole Staten Island project was a self-storage facility from Equator Capital Management...

09/26/17
...with a $2 million mezzanine loan from hotel developer Sam Chang and an $18 million mortgage loan from W Financial but defaulted in July 2016 and filed...

08/25/17
...Eighth Avenue and Sam Chang Sam Chang just landed $83 million to refinance a Holiday Inn in Times Square. Deutsche Bank provided...
  • 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 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 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
  • 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
  • Address 397-401 East 8th Street
  • Neighborhood East Village
  • Borough Manhattan
  • Price $ 4,900,000
  • 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...
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