McSam Hotel Group

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McSam Hotel Group NYC portfolio

$1.5 billion* – hotel 86.0%, condo 6.0%; Manhattan 90.0%, Queens 9.0%

115th largest portfolio by dollar value

1,184,568 sqft – hotel 85.0%, condo 7.0%;

288th largest by SF

32 properties – Manhattan 50%, Queens 50%

297th largest

17 residential units – Manhattan 100.0%, Bronx 0.0%

3389th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Seller company: 10 for $977.9 million

Borrower company: 7 for $368.4 million

Top Ten Associated Companies:

Sterling National Bank (6), Goldman Sachs (4), Deutsche Bank (3), China Citic Bank International Limited (2), Jasmin Patel (2), Oak Hill Advisors (2), Slate Property Group (2), Magna Hospitality Group (2), Rockefeller Group (2), Maxim Capital Group (1)

Top Ten Associated People:

Gregory Weingart (4), Jennifer Adams Shepler (2), Michael A. Savarese (2), David Addison (2), Jane Goldman (1), Hengjiang Mu (1), Gregory A. Weingart (1), Russell F. Warren, Jr. (1), Jasmin Patel (1), David Levitan (1)

Recent activity as company:

• McSam Hotel Group borrowed $63 million from China Citic Bank International Limited for 530-538 West 58th Street, Hell’s Kitchen, Manhattan on March 12, 2025.

• McSam Hotel Group sold 154-71 Brookville Boulevard, Meadowmere, Queens for $42 million to Liberty One Group on February 19, 2025.

• McSam Hotel Group and Andrew Rufail sold 52 William Street, Financial District, Manhattan for $94.5 million to Slate Property Group on December 23, 2024.

• McSam Hotel Group borrowed $65 million from Deutsche Bank for 38-37 9th Street, Long Island City, Queens on October 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 borrowed $20.3 million from Golden Bank for 131-32 40th Road, 131-40 40th Road, 131-38 40th Road, 131-36 40th Road, 131-30 40th Road, and others, Flushing, Queens on May 10, 2024.

• McSam Hotel Group sold 38-11 10th Street, Long Island City, Queens for $40.5 million to Jasmin Patel on March 28, 2024.

• McSam Hotel Group and Gene Kaufman borrowed $28 million from Maxim Capital Group for 224 West 47th Street, Times Square, Manhattan on March 18, 2024.

• McSam Hotel Group borrowed $14 million from Webster Bank for 108-68 Roosevelt Avenue and 108-68 Roosevelt Avenue, None, Queens on February 29, 2024.

• McSam Hotel Group borrowed $58.1 million from Jemm Lending for N/A 135th Avenue, N/A 135th Avenue, N/A 135th Avenue, and N/A 135th Avenue, None, Queens on January 17, 2024.