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McSam Hotel sells NYC development site for $113M

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McSam Hotel sells NYC development site for $113M

McSam Hotel Group LLC sold a development site at 140-146 W. 24th St. in Manhattan, N.Y., to Magna Hospitality Group for $113 million, The Real Deal reported, citing city records.

McSam purchased the site from Extell Development Co. for $61 million in October 2017.