Lam Generation
55 Chrystie St Suite 201 New York, NY 10002
People:
Lam Generation NYC portfolio
$291.2 million -hotel 88%, retail 9%, specialty 1%; Manhattan 98%, Queens 1%*
729th largest portfolio by dollar value
339,662 sqft – hotel 85%, retail 12%, specialty 2%; Manhattan 97%, Queens 2%
1097th largest by SF
6 properties – Manhattan 66%, Queens 33%
1616th largest
Other Links:
Notes
Website: Lam Generation, a… hospitality real estate development firm in New York City… is part of Lam Group.
Company Activity past 24 months:
Seller company: 1 for $56 million
Borrower company: 1 for $123 million
Top Ten Associated Companies:
MetLife (1), Magna Hospitality Group (1), East West Bank (1), Investors Bank (1), Webster Apartments (1), Metropolitan Commercial Bank (1), Deutsche Bank (1), Shanghai Commercial Bank (1), Manga Hotel Group (1)
Top Ten Associated People:
Justin Besspiata (1), Roy J. Bernstein (1), Dennis Graham (1), Ross Dahman (1), Peter Castro (1), Brandon Atkins (1), Sukhdev Toor (1)
Recent activity as company:
• Lam Generation borrowed $123 million from Deutsche Bank for 118 West 25 Street on October 16, 2025.
• Lam Generation sold 56 Watts Street for $56 million to Manga Hotel Group on February 13, 2025.
• Lam Generation borrowed $120 million from MetLife for 118 West 25 Street on October 16, 2023.
• Lam Generation borrowed $22 million from Metropolitan Commercial Bank for 23 West 37 Street on July 28, 2023.
• Lam Generation sold 231 Duffield Street for $42.2 million to Webster Apartments on May 24, 2023.
• Lam Generation borrowed $5 million from Shanghai Commercial Bank for 118 West 25 Street on August 05, 2020.
• Lam Generation borrowed $14 million from East West Bank for 59 Chrystie Street on April 13, 2020.
• Ditmars Associates sold 29 street for $7.4 million to Lam Generation on April 13, 2020.
• Gary Tse sold 59 Chrystie Street for $28.6 million to Lam Generation on April 13, 2020.
• Lam Generation sold 117 West 24 Street for $74.2 million to Magna Hospitality Group on October 17, 2019.
Latest Stories:
• Lam Generation signs $123M refi loan with Deutsche Bank for hotel in Chelsea (October 24, 2025)
• Magna Hospitality Group sells hotel in Chelsea for $168.6M (October 07, 2025)
• Manga Hotel Group pays $56M to Lam Generation for hotel in Hudson Square (February 21, 2025)
• Magna Hospitality signs $105M refi with Wells Fargo for hotel in Chelsea (October 23, 2024)
• Lam Generation signs $120M refi loan with MetLife for hotel in Chelsea (November 07, 2023)
• Webster Apartments pays $42.2M to Lam Generation for hotel in Downtown Brooklyn (June 07, 2023)
• Jeffrey Lam of Lam Generation pays $29M for bankrupt property in Chinatown (April 23, 2020)
• Lam Generation pays $7M to Ditmars Associates for property in Astoria (April 17, 2020)
Properties: