Sam Chang Sells Chelsea Lot for $55 M.

Prolific hotelier Sam Chang has sold a lot at 121 West 28th Street to a North Carolina-based firm for $55 million, according to city records.

The Chelsea lot is zoned for hotel construction, according to PropertyShark.com. We have a call out to buyer Inland American Winston Hotels. According to the company's Web site, it already has two hotels in New York State, but none in the city; one in Albany is a Hilton Garden Inn and one in White Plains is a Hampton Inn.

http://www.observer.com/2007/sam-chang-sells-chelsea-lot-55-m

Copyright © 2007 The New York Observer. All rights reserved.

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