Letap Group

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Letap Group portfolio

$17.3 million* – hotel 100%; Queens 100%, Manhattan 0%

1914th largest portfolio by dollar value

87,763 sqft – hotel 100%;

2094th largest by SF

Company Activity past 24 months:

Buyer company: 1 for $55.6 million

Borrower company: 1 for $36.1 million

Top Ten Associated Companies:

McSam Hotel Group (2), State Bank of Texas (1)

Top Ten Associated People:

Sam Chang (2), Melody Collins (1)

Recent activity as company:

• Priyank N. Patel, Jasmin Patel and LeTap Group borrowed $36.1 million from State Bank of Texas for 38-21 9th Street, Long Island City, Queens on September 25, 2024.

• McSam Hotel Group sold 38-21 9th Street, Long Island City, Queens for $55.6 million to Priyank N. Patel, Jasmin Patel and LeTap Group on September 25, 2024.

• McSam Hotel Group sold 38-04 11th Street, Long Island City, Queens for $0 to Letap Group on January 06, 2023.

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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