NEW YORK CITY—Prolific hotel developer and owner Sam Chang is set to put the DoubleTree Times Square West—a property not yet open for business—on the market. Initial pricing guidance for the property is $390 million.?

Located at 350 W. 40th St., in Midtown, the 612-room, 37-story, 200,000-square-foot hotel sits on the southern edge of Times Square and the Broadway Theater District. Still under construction and scheduled to debut in July, the DoubleTree will be one of the largest hotels in Times Square. The property will offer a three-meal restaurant and a 2,600-square-foot rooftop bar/lounge and entertainment venue alongside amenities associated with a full-service, four-star hotel.

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