Voracious budget hotelier Sam Chang has actually sold a property at a loss, the Observer reports. The building is the 118-unit 440 West 41st Street, which Chang unloaded for $17.5 million earlier this month. He paid $21.5 million for it in 2006. And now for something completely different: the new owner is the suspiciously hotel-sounding US Suite LLC. [NYO; previously]
Filed under:
Loading comments...