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McSam Hotel Group

Sam Chang founded his McSam Hotel Group in 2001, about four years after he bought his first hotel development site in New York City. The Great Neck-based development firm has built and sold more hotels than any other company in the five boroughs, working on as many as 21 hotel projects simultaneously.

Chang and his company have largely carved out a niche in the budget hotel business, building Hiltons and Marriotts on midblock lots in parts of Midtown and Midtown South.

In 2020, Chang threatened to retire from the business, but his company remained pretty busy as 2021 began. McSam had a 34-story, 200-room hotel under construction at 223 West 46th Street in Times Square, a massive 974-room hotel underway at 150 West 48th Street, and two more hotels planned in Hell’s Kitchen and Chinatown. It was also wrapping up work on what Chang had dubbed “the most expensive hotel I’ve ever built,” a 192-key hotel with residences on the top six floors and an upscale restaurant.

In the last few months of 2020, McSam sold off a pair of hotels in Chelsea and Times Square in two sales totalling nearly $180 million. The city’s hotel industry struggled throughout the pandemic, as a drop in visitors forced tens of thousands of rooms to close and pushed several large hotels out of business.

David Greenburg is a new principal in Square Mile Capital Management's New York City office.
Finance  ·  Players
New York City

Square Mile Adds David Greenburg From UBS to Lending Team

By Andrew Coen
Premium
A rendering for McSam Hotel Group’s development at 150 W 48th Street.
Finance  ·  Construction
New York City

Square Mile Lends $75M for Hilton-Branded Manhattan Hotel Development

By Andrew Coen
Premium
777 Eighth Avenue.
Sales  ·  Land
New York City

Sam Chang Acquires Midtown Lot With Plans for 200-Key Hotel

By Rebecca Baird-Remba
Premium
292 Fifth Avenue.
Design + Construction  ·  Construction
New York City

Sam Chang Looks to Build His ‘Most Expensive Hotel’ Yet

By Lauren Elkies Schram
Premium
338 West 36th Street.
Sales
New York City

Magna Hospitality Buys Garment District Hotel From Sam Chang for $274M

By Chava Gourarie
Premium
The Marriott hotel at 144-02 135th Avenue.
Finance  ·  Construction
New York City

Bank OZK Lends $71M on Sam Chang’s JFK Hotel Duo

By Cathy Cunningham
Premium
Robert Knakal.
Industry
New York City

Bob Knakal Resurfaces at JLL Mere Months After Leaving C&W

By Lauren Elkies Schram
Premium
From left: Joanne Podell, Rick Cotton, Toby Moskovitz and Sundar Pichai
Features  ·  Players
New York City

Welcome to the List

By Max Gross
Premium
Adam Hakim and James Murad.
Finance  ·  Features
New York City

All Busy on the Eastern Front: Adam Hakim and James Murad Discuss Their Market Niche

By Cathy Cunningham
Premium
The check-in atrium at the Moxy Times Square hotel.
Features
New York City

While Occupancy Skyrockets, NYC Hotel Players See Cause for Concern

By Rey Mashayekhi
Premium
A rendering of 140 West 28th Street.
Finance  ·  Construction
New York City

Sam Chang Scores $121M Construction Loan for Chelsea Hotel

By Cathy Cunningham
Premium
140 West 24th Street.
Sales  ·  Land
New York City

Chang Seals $76M Deal for Chelsea Sites From Extell, 45-Story Hotel to Come

By Lauren Elkies Schram
Premium
292 Fifth Avenue. Photo: CoStar Group
Sales  ·  Land
Penn Plaza

Sam Chang Closes on $42.4M Purchase of 292 Fifth Avenue in Koreatown [Updated]

By Lauren Elkies Schram
Premium
Features
New York City

With Oversupply and Falling Room Rates, the Last Thing the Hotel Biz Needs Is a Travel Ban

By Lauren Elkies Schram
Premium
Club Quarters Hotel Wall Street at 52 William Street.
Sales  ·  Hotels
New York City

Sam Chang Picks Up Club Quarters Hotel Wall Street for $95M

By Lauren Elkies Schram
Premium
The Ravel Hotel in Long Island CIty. Photo: Scott G Morris
Features
New York City

10 New Hotels Coming to FiDi, Williamsburg, LIC and Beyond

By Terence Cullen
Premium
Club Quarters Hotel at 25 West 51st Street (Photo: Club Quarters website).
Sales  ·  Hotels
New York City

Sam Chang Nabs Two Midtown Club Quarters Hotels for $153M

By Lauren Elkies Schram
Premium
346-350 West 40th Street under construction (Photo: CoStar Group).
Finance
New York City

Sam Chang Nabs $215M From Deutsche Bank for Hell’s Kitchen Hilton Doubletree [Updated]

By Danielle Balbi
Premium

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