Prolific hotelier Sam Chang just keeps on a-wheelin’ and a-dealin’.
One day, he’s selling his unfinished Sheraton on Canal Street for $83.5 million, according to The Real Deal.
A few days later, he picks up a new site for $24 million, according to city records. Mr. Chang’s latest acquisition, at 431 West 33rd Street, is, according to PropertyShark.com, a 7,000-square-foot parking lot.
Now, the voracious developer may not be known for his valet skills, but he did build a Holiday Inn Express.
One can only assume another McSam hotel is in the works. But which chain? Hilton? Comfort Inn? Candlewood Suites? Stay tuned.