Hotelier Sam Chang’s bet on the hotel market around LaGuardia Airport is taking flight. Chang’s Great Neck-based McSam Hotel Group paid $37.6 million for the Holiday Inn LaGuardia Airport in Queens, property records show. The seller was hotelier Michael Pomeranc, who purchased the property in 1999.
The Meliá Costa Hollywood Beach Resort obtained a big boost to its construction loan, and a deed was recorded for the property that appears to add a new player in the deal.
BISNOW interview with Maxim Capital Group's co-founder, Adam Glick.
An unidentified buyer snapped up a large development site in Greenpoint known as 49 Dupont Street, where as many as three residential towers could rise adding to several massive apartment projects planned nearby along Brooklyn’s East River waterfront.