Sam Chang, the inexhaustible builder of small, limited-service hotels, has this decade dotted New York with boxy architecture adorned with various fluorescent signs. “Holiday Inn Express,” “Hampton Inn” and their homogeneous brethren crackle from at least 35 of his inns citywide.
Options for the developer-legendary in development circles for his speed-will soon start to Read More
The Real Deal‘s Adam Pincus goes above and beyond in his investigation of Sam Chang’s recent sale of a West 41st Street apartment building/illegal hotel to a group of Israeli investors, a deal that popped up in city records just this week.
According to Mr. Pincus, “Units in the building, located in Read More
Long Island-based hotelier-to-the-masses Sam Chang has sold a West Side apartment building, apparently at a loss.
City records indicate that earlier this month, Mr. Chang sold the 118-unit apartment building at 440 West 41st Street for $17.5 million. It appears to be a marked write-down from the boom times of 2006, when the building was purchased for $21.5 Read More
For a brief moment on Friday, Sam Chang had trouble recalling precisely where he was weaving his ever-expanding web of budget hotels.
Mr. Chang’s senior moment was understandable. He is developing 16 city hotels right now — emphasis on now, during what most consider to be one of the worst recessions to hit New York Read More
From The Real Deal: "Hotel developer Sam Chang of the McSam Hotel Group and a partner sold their newly opened Wyndham Garden Hotel Manhattan Chelsea West, for $39.06 million, according to property records published today. The 17-story hotel with 124 rooms opened last week at 37 West 24th Street, a hotel employee said."
For Read More
Some hoteliers buck received wisdom, taking chances on fringe neighborhoods in far-away boroughs (see Sam Chang). Others trust blindly in the perpetual worth of a brand called Manhattan (see Sam Chang?). Only time will tell which group the following three developers fall into, all of whom filed plans with the Buildings Department in the past Read More
Sam Chang has sold Hampton Inn Empire State Building, at 57 West 35th Street, for $46 million, according to city records.
Mr. Chang purchased the development site in 2006 for $13.3 million.
The Hampton Inn, well situated between Fifth and Sixth avenues, near Herald Square, is just the latest McSam hotel to fall Read More
So much for hitting the brakes.
Sam Chang, New York’s hotelier for the common man, strikes again.
This week he filed an application with the Buildings Department to build a 25-story hotel at 54 West 36th Street, between Fifth and Sixth avenues, near Herald Square.
This will, of course, be the gazillionth hotel Read More
Sheesan Hotel LLC, an affiliate of economy hotel tycoon Sam Chang, has sold the new Holiday Inn Manhattan Hotel in Chelsea for $66 million to a Rhode Island-based hospitality group, according to records uploaded on Friday to a city Web site.
The buyer, MMG-26 LLC, affiliated with Magna Hospitality Group, closed on the 23-story, 226-room Read More
With at least eight years left before a set of new rail tunnels under the Hudson River are scheduled to be built and functioning, developer Sam Chang has already begun to reap benefits from the project. That’s because the voracious builder of cookie-cutter hotels bought a $24 million West Side parking lot last November—a Read More