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Thread: Sam Chang / McSam Hotels

  1. #46
    Disgruntled Optimist lofter1's Avatar
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    Quote Originally Posted by ASchwarz View Post

    You can laugh all you want ...
    ZippyTheChimp >> Who's laughing

    Chang ^^^ for one




  2. #47
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    McSam Hotel Group Adds Los Angeles’ Holiday Inn LAX To Portfolio
    Friday, July 13, 2007-11:55:34 AM


    LOS ANGELES— McSam Hotel Group, LLC has acquired, for an undisclosed amount, the Holiday Inn Los Angeles International Airport hotel from LAX Airport Hospitality, LLC. Jones Lang LaSalle Hotels represented the seller in the transaction. The 405-room hotel is located just east of Los Angeles International Airport and features 4,000 square feet of flexible meeting space and a full-service restaurant and lounge.


    From: Hotelbusiness.com

  3. #48
    Crabby airline hostess - stache's Avatar
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    Wink

    Definitely spread the love to the West Coast. please!

  4. #49

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    No, keep it here, Sam. We need more rooms, and Chang's the man when it comes to getting things done.

  5. #50

  6. #51
    Disgruntled Optimist lofter1's Avatar
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    How old is Chang?

    Anyone know of his life expectancy?

  7. #52

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    Sam, the Creep, Chang and Nutso Kaufman finally spare a nice, old building. It would have been nice if these jerks spared the little jewel on Trinity Street.


  8. #53

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    I guess it's cause for celebration even though the final result looks like a prison ward in Coney Island. Are those bottom floors boarded up?

    Hilarious the way these idiots even save on renderings.

  9. #54

  10. #55

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    This thread is nauseating.

  11. #56
    Disgruntled Optimist lofter1's Avatar
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    The thrills just keep on coming ...

    McSam-O-Rama Mania in Midtown West

    Monday, July 23, 2007, by ROK88
    curbed


    [McSammers doing test drilling at 308 West 40th Street]

    The man with some of the deepest pockets this side of Taipei, hotelier Sam Chang of the colorful McSam Hotel dynasty, has recently grabbed yet another development spot on what must now be the hoteliest block in town. 308 West 40th Street, a funky brick thing amidst a string of old-timey Times Square peep-o-ramas, now belongs to Chang and partners, registered under the name "RS 308 W 40, LLC". If all goes according to plan they will soon be bringing another batch of beds to booming Times Square. This latest McSam site is technically part of the Hudson Yards Special District, and under the applicable zoning regulations they can build higher there IF they "contribute" to the HYD Improvement Fund. And so Chang and friends have done just that. To the tune of $2 Million Bucks!!!


    [Hotels projects under development along W. 39th & W. 40th Streets]

    For that chump change the Chang gang will get to build an additional 20,000 square feet of prime area guest rooms. Chang has six other hotel projects underway one street over on West 39th. No design awards there. And not problem-free, either. But LOTS of beds. No word yet on who Chang will choose as the architect for this latest addition to his empire. But bets are that the list is short. John Lam, a rival hotel deal-maker, has twin hotel projects rising at the west end of this same 40th Street block. And right next door to the Lam site two additional hotel plots are now being cleared for development. Which brings the total of new hotels in this one little area to ELEVEN. Chances are it won't be too long before someone makes that an even dozen. We can't wait for all these new hotels to open and for price wars to break out. Now THAT might offer visitors to NYC some affordable places to stay.


    [NYC Department of Finance documents with some details of the deal]






    [Next door to the new McSam site someone is looking to make a deal]

    · More McSamming Down at 50 Trinity Place [Curbed]
    · Downtown TowerWatch: Mr. Gehry, Meet Mr. McSam [Curbed]
    · Sam Chang's City Takeover Continues Unabated [Curbed]
    · Half a Billion for the West Side Seat of Controversy [Source]
    · Dryvit Abounds Over Eighth Avenue [Curbed]
    · CurbedWire: 8USS Reveals Itself, Cats are OK - Purrr [Curbed]
    · McSam Goes All Sedate South of Union Square [Curbed]

  12. #57

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    so..I'm trying to understand the DOF doc- Mc Sam is borrowing $3,737,500.00 for a mortgage? If so, how much would the building actually be selling for and what kind of structure is it?

  13. #58
    Disgruntled Optimist lofter1's Avatar
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    If you go to www.nyc.gov then the Finance page, you can do a Property Search in ACRIS by entering the Block / Lot number ( 763 / 42 for this building). Then the whole list of docs for this building will show up.

    For purchase price you might want to rifle through those files (most recent deeds, agreements, etc).

    Please report back what you find out

  14. #59

    Wink

    thanks! last time i tried ACRIS a few weeks ago it was down, but i'll try again and let you know!

  15. #60

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    He might go for the adjacent parking lot to make a bigger plot....or the building next door begging for a buyer.

    As much as we hate Kaufman and Poon for designing these, 11 hotels is extraordinary, and better than the parking lots and porn shops previously on the block.

    Let's just stay away from these streets forever, and leave them to the midwestern tourists.

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