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Mcsam Hotel Group Receives $121.35 Financing for Chelsea Construction

The 45-story hotel at 140 W. 28th St. is expected to open in 2019.

By Betsy Kim | Updated on January 05, 2018

140 W. 28th St. Architectural rendering of hotel at 140 W. 28th St./ Image provided by Eastern Consolidated

New York City—The Mcsam Hotel Group led by Sam Chang has received a $121.35 million debt and equity package to construct a 45-story, 526-room hotel in Chelsea. Located at 140 W. 28th St., the building is being constructed on a vacant parking lot on West 28th Street between Sixth and Seventh avenues and is scheduled to open in 2019.

The 178,000 square-foot hotel will operate under two separate hotel names, under the Marriott brand—TownePlace Suites and Springhill Suites. It will feature two separate lobbies and shared common areas.

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