The Real Deal New York

Ian Schrager to open two Public hotels in Manhattan

January 24, 2014 01:04PM

While bringing a pair of Marriott Edition hotels to Manhattan, hotelier Ian Schrager was working on a project of his own.

Schrager is opening two Public hotels in the city with his own Ian Schrager Company. One is a 25-floor boutique at 215 Chrystie Street on the Lower East Side, which he bought from landlord Rubin Schron for $50 million with the savvy Steve Witkoff; and one at an undisclosed location on the far West Side, according to the New York Post.

In the meantime, the Edition hotels are under construction. The Clock Tower Edition Hotel, at 5 Madison Avenue between East 23rd and East 24th street in the Flatiron district, is slated to open in early 2015. The other hotel, the Edition Times Square, will open in 2017.

Schrager started the Public ” affordable luxury” brand with his first and only hotel located in Chicago, which features a restaurant run by Jean-Georges Vongerichten, according to the Post. He will open one in Herald Square this year, as The Real Deal previously reported. [NYP] — Angela Hunt