Much has been made of the fact that Jeremy Lin was overlooked because of his book smarts and bloodlines, but the same thing might have happened half a century ago to nightlife king Ian Schrager. Read More
Hotel legend Ian Schrager announced yesterday that his newly-formed PUBLIC brand will be teaming up with residential developers Durst Fetner Residential to launch a new hotel/rental apartment hybrid on 855 Sixth Avenue. Called PUBLIC New York, the 250-plus key New York hotel will be Mr. Schrager’s second site in his PUBLIC brand since unveiling PUBLIC Chicago in September. The building will also feature 60,000 square feet of retail and 315 rental apartments. Fresh from a recent trip to Chicago, Mr. Schrager spoke with The Commercial Observer yesterday about the design of PUBLIC New York, the status of the Clock Tower building, and his love for all things Apple and Trader Joe’s.
The Observer is not sure which is worse: a Tommy Hilfiger-themed hotel or just another blasé Marriott. The fashion designer had planned to tranform the Madison Square icon into a red-white-and-blue boutique hotel before he backed out. A plan to turn the landmark into condos already failed, but the owners have found a new buyer who still wants a hotel overlooking Shake Shack. Read More
Ian Schrager’s Brooklyn-bred rasp comes at you like spitfire. Ideas—plucked from the worlds of art, food and commerce—tumble forth from all directions. It’s easy to imagine swarms of exclamation points floating in the air above his head.
In minutes, the millionaire hotelier has skipped from the wonders of Trader Joe’s to the charms of Apple, from how bottle service killed New York nightlife to how, and why, Williamsburg is the city’s new Soho. Read More
Africa Israel USA, the controversial owner and operator of commercial properties across the United States, has entered into a contract to sell 5 Madison Avenue to an undisclosed investor for $165 million. Read More
Almost a year ago, Ian Schrager entered his latest act—The Observer is not sure whether this counts as his fifth or sixth or tenth act at this point—which promised two new hotel chains, as well as “bikini boot camps.” While there is no sign of the latter, Bloomberg is reporting that Mr. Schrager has purchased two sites in the city that he is preparing to transform into budget boutique hotels befitting his new Public brand. Read More
Why on Earth is Aby Rosen buying another hotel? Read More
Ian Schrager has mellowed.
The maniacal Studio 54 founder (and ex-con!) who pioneered the boutique hotel thinks the whole scene is over. As he prepares to launch his new Public brand of hotels, one of a handful of new ventures, it will be anything but boutique, he explains to The Journal.
“It’s Read More
As The Observer predicted in October, it looks like the Hotel Chelsea is bound to become just another boutique spot.
Both Andre Balazs and Ian Schrager are said to be interested in the Chelsea, and now Page Six is reporting that “several bids are in but no deal has been struck.” Could Read More
The Chelsea Hotel has seen plenty of drama over the years, from the drunkards and artists boarding in its rooms to those boarders and the management. Now, it looks like a bidding war could break out between two of the city’s biggest hoteliers.
While it had been reported that Ian Schrager was not interested in Read More
