McSam Hotel Group
People:
McSam Hotel Group portfolio
$276.9 million – hotel 83.0%, condo 9.0%; Manhattan 86.0%, Queens 13.0%
213th largest portfolio by dollar value
1,184,568 sqft – hotel 85.0%, condo 7.0%;
283th largest by SF
32 properties – Manhattan 50%, Queens 50%
125th largest
17 residential units – Manhattan 100.0%, Bronx 0.0%
781th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 0 for $0
Seller company: 8 for $841.4 million
Borrower company: 6 for $312.4 million
Lender company: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Sterling National Bank (6), Goldman Sachs (4), Deutsche Bank (3), Oak Hill Advisors (2), Rockefeller Group (2), Jasmin Patel (2), Magna Hospitality Group (2), Masterworks Development (1), Solil Management (1), David Schwartz (1)
Top Ten Associated People:
Gregory Weingart (4), Michael A. Savarese (2), Jennifer Adams Shepler (2), David Addison (2), Gregory S. Rubin (1), Jane Goldman (1), Daniel Rabinowitz (1), Mary Willis White (1), Sushil Patel (1), Priyank Patel (1)
Latest Stories:
• Concord Hotels signs $49.5M refi for hotel in Financial District (November 26, 2024)
• McSam Hotel Group signs $65M refi with Deutsche Bank for LIC hotel (October 28, 2024)
• Priyank Patel of LeTap Group pays $55.6M to Sam Chang for LIC hotel (September 26, 2024)
• Three Sam Chang-developed hotels in Manhattan sell for $206.5M (December 15, 2023)
• Dauntless Capital pays $290.2M to McSam Hotel for hotel in Midtown West (September 14, 2023)
• Magna Hospitality pays $159.3M to McSam for hotel in Midtown West (September 13, 2023)
Litigation: