Sam Chang's McSam Hotel Group Secures $210M Loan For Hudson Yards Hotel

350 West 40th Street, located in Hudson Yards, has recently been involved in a closed property transaction. The property, a hotel, was sold to a new landlord, Sam Chang of the McSam Hotel Group. The transaction involved a loan amount of $210 million and the property spans 200,590 square feet. The deal was facilitated with the support of two lenders, Goldman Sachs and UBS.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $210M
• Address: 350 West 40th Street
• Market: Hudson Yards
• Landlord: Sam Chang - McSam Hotel Group
• Lender: Goldman Sachs & UBS
• SF: 200,590

Sam Chang, of the McSam Hotel Group, played a pivotal role as the landlord in this transaction. The lenders, Goldman Sachs and UBS, provided the necessary financial support for the deal. Together, they facilitated the sale of this hotel property, located at 350 West 40th Street in Hudson Yards, New York. With a loan amount of $210 million and spanning 200,590 square feet, this transaction marks a significant change in ownership for the property.