- Sam Chang
-
Sam Chang Born May 5, 1991
Taipei[1]Residence Centre Island, New York[1] Nationality Taiwan Occupation Real Estate Developer Shan Leong (Sam) Chang is a hotel developer in New York City.
Contents
Background
A native of Taiwan, Chang dropped out of high school to help his parents manage a Los Angeles hotel.[2]
Prior to becoming a developer in New York, Chang operated hotels and restaurants in the suburbs of Baltimore, Maryland. His first New York project was in 1997.[2]
Business
Chang is the chairman of McSam Hotel Group, and is one of the largest hotel developers in New York City. His company has completed 25 hotels in the five boroughs, with a stated goal of at least 50. He currently has 4,000 rooms under development for a variety of national hotel chains.[3][4]
Many of Chang's hotels are designed by New York architects Gene Kaufman[5] and Michael Kang. Tritel Construction (of which he is a 50% partner) handles much of the construction.[2]
Chang was honored as a 2007 "Developer of the Year" by Hilton Hotels, for the multiple Hilton properties he is developing in Manhattan and Connecticut.[6][7]
Investments
Chang has a 7.5 percent stake in Trump Entertainment Resorts.[3] In February 2009, Trump Entertainment filed for bankruptcy relief under Chapter 11 of the U.S. Bankruptcy code. In March 2009, Chang told Forbes he had lost $50 million in the investment.
References
- ^ a b Elkies, Laura (2008-07), The Closing: Sam Chang, The Real Deal, http://ny.therealdeal.com/articles/the-closing-sam-chang, retrieved 2008-07-14
- ^ a b c Bahree, Megha (2006-06-19), "Upgrading", Forbes, http://www.forbes.com/global/2006/0619/078.html, retrieved 2008-03-01
- ^ a b Jones, David (2008-02-29), "Chang bets big on Trump Entertainment", The Real Deal, http://ny.therealdeal.com/articles/chang-bets-big-on-trump-entertainment, retrieved 2008-03-01
- ^ Ferris, Marc (2006-12-01), "Checking in with Sam Chang", The Real Deal, http://ny.therealdeal.com/articles/checking-in-with-sam-chang, retrieved 2008-03-01
- ^ Bernstein, Fred A. (2008-02-17), "In Hotel Design, He’s Mr. Prolific", New York Times, http://www.nytimes.com/2008/02/17/realestate/commercial/17sqft.html, retrieved 2008-03-01
- ^ News Release: Hilton Hotels Corporation Announces Top Developers and Hotels Among Focused-Service Brands, Hilton Hotels Corporation, 2007-03-12, http://phx.corporate-ir.net/phoenix.zhtml?c=88577&p=irol-newsArticle_Print&ID=973945&highlight=, retrieved 2008-03-01
- ^ Shott, Chris (2007-12-11), "Cha-Chang! Sam Chang Builds First, Brands Later", New York Observer, http://www.observer.com/2007/cha-chang-sam-chang-builds-first-brands-later?page=0%2C0, retrieved 2008-03-01
Categories:- Businesspeople in real estate
- American people of Taiwanese descent
- Living people
- 1960 births
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