From left: Rosen and Schrager
From the January issue: Now that their split is official, financier Aby Rosen and hotel impresario Ian Schrager are wasting little time moving on.
Rosen acknowledged publicly for the first time last month that he had reached a deal to buy his ex-partner out of the Gramercy Park Hotel, the troubled boutique project the pair sank $200 million into renovating during the frothy pre-crash days. Then he issued a news release touting the new additions he has planned on his own for the 185-room high-end hotel, including a redesigned culinary operation headed by famed restaurateur and Shake Shack founder Danny Meyer.
Schrager, meanwhile, is actively searching for the site of his “next big thing” and is “in the early stages” of evaluating a hotel within 10 blocks of the Gramercy, said one industry source who asked to remain anonymous. [more]
