Sam Chang, Reclusive Hotelier to the Masses, Speaks; Warns About Outer Boroughs, Bullish on Manhattan

For a brief moment on Friday, Sam Chang had trouble recalling precisely where he was weaving his ever-expanding web of budget hotels.

Mr. Chang's senior moment was understandable. He is developing 16 city hotels right now -- emphasis on now, during what most consider to be one of the worst recessions to hit New York in ages, hospitality industry included.

Among the ongoing projects are three hotels in Staten Island, one...

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