Ian Schrager | The Real Deal New York

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Ian Schrager

Founder, CEO
Ian Schrager Company
818 Greenwich Street
New York, NY 10014
(212) 796-8400
Website
Ian Schrager

Ian Schrager is a major hotelier often credited with pioneering the concept of the boutique hotel.

Since 2005, he has been the chairman and CEO of the Ian Schrager Company. He partnered in 2007 with Marriott on a new, collaborative brand of boutique hotels, the first of which opened in 2010.

In 1977, Schrager co-founded the famous Manhattan nightclub, Studio 54.

Schrager and his Studio 54 business partner, Steve Rubell, were convicted of tax evasion in 1980 and spent a year in prison. They rebounded with the Morgans Hotel. That success led to the opening of the Century Paramount and the Royalton.

After Rubell’s death in 1989, Schrager started the Morgans Hotel Group, whose holdings would come to include the Delano Hotel in Miami, the Clift in San Francisco, the Hudson Hotel in New York and the Sanderson Hotel in London.

Since leaving the Morgans Group in 2005, Schrager’s notable ventures have included not only hotels but condominiums, notably 50 Gramercy Park North and 40 Bond.  -TA


000_Shvo.indd
10/17/16
...From the October issue: In January 1980, Ian Schrager and Steve Rubell, the founders of legendary nightclub Studio 54, stood...

20-times-square-aerial-shot1
08/09/16
In 2012, the Witkoff Group announced it would build a new hotel at Times Square, but it took four years for the development to really...

hershey
07/20/16
Hershey Company is upgrading from its fun-sized Times Square location. Tags: 20 times square, Times Square ...

2016-07-08 (2)
07/08/16
...at 41 Bond Street; William Zeckendorf Jr. at 15 Central Park West; Ian Schrager at 160 Leroy Street; Michael Stern at Walker Tower; Donald Trump...

Michael+Overington+Ian+Schrager+Douglas+Elliman+N1AyUnv_N1ll
06/11/16
...Michael Overington Ian Schrager may be the face of the redesigned Gramercy Park Hotel...

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05/24/16
The National Football League is close to finalizing a deal to take about 25,000 square feet of retail space at the Witkoff Group-led development at...

100713HudsonHotelBZ
05/17/16
After seeing merger negotiations with Morgans Hotel Group crumble last fall, hotelier Sam Nazarian wasn’t taking any chances this time around. When Nazarian’s firm SBE...

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05/10/16
...is, perhaps, most associated with its co-founder and Studio 54 impresario Ian Schrager, who headed the hospitality company until about a decade ago...

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05/09/16
Six months after merger talks collapsed between Sam Nazarian’s SBE Entertainment Group and beleaguered hotel manager Morgans Hotel Group, the two sides have agreed to...

160 Leroy Ian Schrager thumb
05/04/16
...Rendering of 160 Leroy Street in the West Village (inset: Ian Schrager) Call it the (overpriced) penthouse effect. After shooting for the...

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05/02/16
There were 28 Manhattan luxury residential contracts signed at $4 million and above last week, according to Olshan Realty’s weekly market report – down from...

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04/29/16
Despite increasing chatter that the residential market has lost steam in 2016, Douglas Elliman parent company Vector Group reported largely improved year-on-year financial results for...

abandoned condos feature
04/26/16
The best-laid schemes of mice and developers oft go awry. Yesterday, The Real Deal exclusively reported the Chetrit Group sold the Sony Building – the...

Dottie Herman Andrea Lucas Pam Liebman thumb
04/26/16
Corcoran Group’s Andrea Wohl Lucas – who had a cameo at Douglas Elliman last year but ultimately returned to Corcoran – has apparently had a...

ftwmt_50736_42588
04/23/16
It’s Passover, so what better time to upgrade to a synagogue? This historic East Village synagogue known as the 8th Street Shul has returned to...

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04/22/16
...takes Upper East Side parking regulation into her own hands, Ian Schrager says New York shouldn't just be for rich people and...

OMA feature
04/14/16
After striking out with a few other projects, an international architecture firm may finally make its Manhattan debut. Toll Brothers tapped the Office of Metropolitan...

ftimage
04/03/16
One hundred years ago, the Longacre Hotel at 157 West 47th Street advertised “Rooms $1, With Bath $1.50” on the side of its building. It...

111leroythumb
03/22/16
After a thumbs-down from the local community board, Property Markets Group scaled down its condominium and townhouse project at 111 Leroy Street, and the developer has...

hotel chelsea-
03/12/16
Renovations at the famed Hotel Chelsea have been dragging on and expenses have run wild. Now, the former home of Bob Dylan, Arthur Miller, Sid...

180-East-88th-framefbox
03/03/16
UPDATED: Mar. 7, 3:11 p.m.: Forget location. Forget windows. What buyers really want in luxury real estate is walls — lots of them — and...

Steve witkoff feature
02/23/16
...which is being built in partnership with Marriott and hotelier Ian Schrager, is one of several new proposed or under construction hotels...

160 Leroy Ian Schrager thumb
02/05/16
...A rendering of 160 Leroy Street in the West Village (inset: Ian Schrager) UPDATED: Feb. 18, 3:44 p.m.: Hotelier and developer Ian Schrager is...

Ian Schrager
01/15/16
...Rendering of 160 Leroy Street in the West Village (inset: Ian Schrager) Ian Schrager’s 160 Leroy Street condo project in the West...

Ian Schrager
01/13/16
...penthouse at 160 Leroy Street in West Village (credit: DBOX) (inset: Ian Schrager) Don’t tell Ian Schrager the city’s ultra-luxe condo...
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  • Event Financing
  • Address 160 Leroy Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 12,517
  • Price $ 99,400,000
  • Publication Date 03/01/2016
  • Event Date 01/01/2016
  • Party 1 Ian Schrager
  • Party 2 Talos Capital
notes
The company secured a $99.4 million project loan.
  • Event Sales
  • Building Name 355 and 358 West Street
  • Address 358 West Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 53,250
  • Price $ 48,500,000
  • Price per foot $ 910.80
notes
[EMPTY]
  • Event Sales
  • Address 355 West Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 41,000
  • Price $ 37,200,000
  • Price per foot $ 907.32
  • Publication Date 03/11/2015
  • Event Date 01/30/2015
  • Party 1 Weinberg Properties
  • Party 2 Ian Schrager
notes
[EMPTY]
  • Event Sales
  • Address 215 Chrystie Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Price $ 50,000,000
  • Publication Date 02/01/2013
  • Event Date 12/23/2012
  • Party 1 Ruby Schron
  • Party 2 Ian Schrager, Steve Witkoff
notes
The property sold for about $50 million, the Wall Street Journal reported. The buyers plan to build a 25-story hotel and apartment building on the site, according to the paper.
  • Event Sales
  • Building Name Five Madison Avenue
  • Address 5 Madison Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 267,000
  • Price $ 200,000,000
  • Price per foot $ 749.06
notes
The landmark Clock Tower sold to Lev Leviev's international holding and investment company for $200 million, or $750 per square foot. SL Green had acquired the building in 2005.
  • Event Sales
  • Address Empire Hotel
  • Borough Manhattan
  • Price $ 80,000,000
notes
To become 125 condo units
Manhattan, 10014
Ian Schrager, 160 LEROY LLC
...
Manhattan, 10014
160 LEROY LLC
...
Manhattan, 10036
Witkoff Group, 701 7TH PROPERTY OWNER LLC, C/O
20 Times Square is a nearly 270,000 square foot hotel and retail development,...
Manhattan, 10002
Witkoff Group, 215 CHRYSTIE LLC
215 Chrystie Street is an under-construction hotel and residential skyscraper on Manhattan’s Lower...

2015-Renderings-feature
12/28/15
Let’s face it — nothing seems to drum up more excitement for an upcoming project than a shiny new rendering. Like a placeholder on the skyline,...
Manhattan, 10014
Ian Schrager, 160 LEROY LLC
...
Manhattan, 10036
Witkoff Group, 701 7TH PROPERTY OWNER LLC, C/O
20 Times Square is a nearly 270,000 square foot hotel and retail development,...
Manhattan, 10002
Witkoff Group, 215 CHRYSTIE LLC
215 Chrystie Street is an under-construction hotel and residential skyscraper on Manhattan’s Lower...
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