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
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  • Event Sales
  • Building Name 355 West Street, 358 West Street
  • Address 358 West Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 53,250
  • Price $ 48,500,000
  • Publication Date 04/01/2015
  • Event Date 02/20/2015
  • Party 1 Weinberg Properties
  • Party 2 Ian Schrager
notes
The two development sites sold for $37.2 million.
  • 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
notes
The development site sold for $11.3 million. The developer is planning a 12-story, 88-unit residential building.
  • Event Sales
  • Address 355 West Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 41,000
  • Price $ 37,200,000
  • Publication Date 03/11/2015
  • Event Date 01/30/2015
  • Party 1 Weinberg Properties
  • Party 2 Ian Schrager
notes
The development site sold for $37.2 million. The developer plans to build a 12-story, 88-unit residential building.
  • 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 $ 750.00
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 350 West Broadway
  • Neighborhood Soho
  • Borough Manhattan
  • Price $ 15,500,000
notes
A discussion between the hoteliers and Lighthouse prompted Lighthouse, which had a 99-year lease on the site, to exercise a $15.5 million purchase option with property owner Sam Abram of Ciba Corporation. The developers acquired the site from Lighthouse for $25 million.
  • Event Sales
  • Building Name One Madison Avenue
  • Address 23 East 22nd Street
  • Neighborhood Flatiron
  • Borough Manhattan
notes
The new owners plan to turn the tower into luxury condos; price n/a.
  • Event Sales
  • Address 245 West 46th Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Price $ 125,000,000
  • Publication Date 05/01/2004
  • Event Date 03/22/2004
  • Party 1 Northstar Capital (Ian Schrager)
  • Party 2 Hard Rock Hotel chain
notes
Schrager selling Times Square hotel
  • Event Sales
  • Address Empire Hotel
  • Neighborhood #VALUE!
  • Borough Manhattan
  • Price $ 80,000,000
notes
To become 125 condo units
  • 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.
Manhattan, 10014
160 LEROY LLC
...
Manhattan, 10036
Witkoff Group|Vector Group|Ian Schrager|Winthrop Realty Trust|Maefield Development, 701 Seventh Property OwnerLLC
20 Times Square is a nearly 270,000 square foot hotel and retail development,...
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Witkoff Group|Vector Group|Ian Schrager|Winthrop Realty Trust|Maefield Development, 701 Seventh Property OwnerLLC
20 Times Square is a nearly 270,000 square foot hotel and retail development,...
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