Sam Chang

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Sam Chang (Shen Leong Chang)
Born (1960-07-29) July 29, 1960 (age 54)
Taipei[1]
Residence Centre Island, New York[1]
Nationality American
Ethnicity Taiwanese
Occupation Real estate developer
Spouse(s) Spouse1 (divorced)
Spouse2 (divorced)
Children Danny Chang
Kevin Chang
Jeffrey Chang
Jennifer Chang

Shan Leong (Sam) Chang is an American businessman.

Background[edit]

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[edit]

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] He is the first Asian-American to build a high-rise hotel in Manhattan[5]

Many of Chang's hotels are designed by New York architects Gene Kaufman[6] 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.[7][8]

Investments[edit]

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.

Personal life[edit]

Chang has been divorced twice and has four children: Danny, Kevin, Jeffrey, and Jennifer.[9]

References[edit]

  1. ^ a b Elkies, Laura (July 2008), The Closing: Sam Chang, The Real Deal, retrieved 2008-07-14 
  2. ^ a b c Bahree, Megha (2006-06-19), "Upgrading", Forbes, retrieved 2008-03-01 
  3. ^ a b Jones, David (2008-02-29), "Chang bets big on Trump Entertainment", The Real Deal, retrieved 2008-03-01 
  4. ^ Ferris, Marc (2006-12-01), "Checking in with Sam Chang", The Real Deal, retrieved 2008-03-01 
  5. ^ Bagli, Charles (2009-10-02). "Little Rooms, Big Profits". New York Times. 
  6. ^ Bernstein, Fred A. (2008-02-17), "In Hotel Design, He’s Mr. Prolific", New York Times, retrieved 2008-03-01 
  7. ^ News Release: Hilton Hotels Corporation Announces Top Developers and Hotels Among Focused-Service Brands, Hilton Hotels Corporation, 2007-03-12, retrieved 2008-03-01 
  8. ^ Shott, Chris (2007-12-11), "Cha-Chang! Sam Chang Builds First, Brands Later", New York Observer, retrieved 2008-03-01 
  9. ^ The Real Deal: "Sam Chang" by Lauren Elkies retrieved March 23, 2014