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 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


07/13/18
...Michael Rubin and 160 Leroy Place (Credit: Ian Schrager Company) The Philadelphia 76ers may have lost out on the LeBron James sweepstakes, but...

06/27/18
...smaller side. Halstead’s Schneiderman said developments like Ian Schrager’s 160 Leroy Street and Billy Macklowe’s 21 East 12th Street are among the biggest...

06/20/18
...the building into a 600-room hotel with partner Ian Schrager. The 400,000-square-foot tower was part of a six building portfolio sold by the Jehovah's...

06/14/18
...smaller side. Halstead’s Schneiderman said developments like Ian Schrager’s 160 Leroy Street and Billy Macklowe’s 21 East 12th Street are among the biggest...

...smaller side. Halstead’s Schneiderman said developments like Ian Schrager’s 160 Leroy Street and Billy Macklowe’s 21 East 12th Street are among the biggest...

05/16/18
...Group's 326 West 37th Street and 350 West 40th Street, Ian Schrager...

05/12/18
...is marketing six “vertical living” condo buildings, including Ian Schrager’s Residences at the West Hollywood Edition, which has 20 units starting at $5 million. And...

04/27/18
...group struck a deal with Marriott International and Ian Schrager’s Edition brand for the hotel space soon after. But even with several parties...

...group struck a deal with Marriott International and Ian Schrager’s Edition brand for the hotel space soon after. But even with several parties...

03/16/18
...s joined forces with fellow boutique hoteliers, including Ian Schrager, André Balazs, Sean MacPherson and Eric Goode, on some of its New York properties...

03/13/18
...subsidiary is a part owner with Steve Witkoff, Ian Schrager, Winthrop Realty Trust, along with Maefield Development and Fortress Investment Group. In February, Maefield...

03/13/18
...Perry Street and Ian Schrager Hotelier Ian Schrager is seeking to sell his West Village apartment for $10.75 million. The three-bedroom apartment spans...

...s joined forces with fellow boutique hoteliers, including Ian Schrager, André Balazs, Sean MacPherson and Eric Goode, on some of its New York properties...

02/26/18
...their Times Square Marriott Edition project, Steve Witkoff, Ian Schrager, Winthrop Realty Trust, Howard Lorber and other partners look to have made a tidy...

02/21/18
...From left: Howard Lorber, Ian Schrager, Michael Ashner, Steve Witkoff and renderings of 701 Seventh Avenue (Credit: Getty Images and Maefield...

02/20/18
...Those listings included new developments like 432 Park and Ian Schrager’s 160 Leroy, as well as such pricey resales as an $80 million Upper East Side...

02/12/18
...Those listings included new developments like 432 Park and Ian Schrager’s 160 Leroy, as well as such pricey resales as an $80 million Upper East Side...

...Those listings included new developments like 432 Park and Ian Schrager’s 160 Leroy, as well as such pricey resales as an $80 million Upper East Side...

01/15/18
...Fifth Avenue and Ian Schrager with 160 Leroy Manhattan’s luxury market had another frigid week, as the number of...

12/08/17
...Ray, drew a crowd to the roof of Ian Schrager’s Public hotel on the Lower East Side. See more highlights from the 2017 holiday...

11/15/17
...Park West and the $51 million penthouse contract at Ian Schrager’s 160 Leroy Street, to name a few — the challenges for the high-end market are...

11/14/17
...Howard Lorber, Maefield Development, Winthrop Realty Trust and Ian Schrager, paid $30 million to buy out the previous owners of the billboards that lined the...

...Park West and the $51 million penthouse contract at Ian Schrager’s 160 Leroy Street, to name a few — the challenges for the high-end market are...

10/12/17
...the Witkoff Group, Howard Lorber’s Vector Group, Ian Schrager and several others are building. It also represented the developers when they purchased the...

10/09/17
...days. The No. 1 contract was Penthouse N at Ian Schrager’s 160 Leroy Street, asking $51 million (up from $48.5 million.)  The condo was originally part of...
  • 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
  • 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
  • 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 Five Madison Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Price $ 200,000,000
  • 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 One Madison Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • 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
  • Borough Manhattan
  • Price $ 80,000,000
notes
To become 125 condo units
Manhattan, 10036
WITKOFF GROUP, 701 SEVENTH PROPERTY OWNER LLC
...
Manhattan, 10002
WITKOFF GROUP, 215 CHRYSTIE LLC
The sponsor(s) filed plans on 04/17/14 for a condo project at 215 Chrystie...

12/28/15
...went full rainbow for the latest rendering of Ian Schrager’s 45 East 22nd Street, which will be the tallest tower between Midtown and Lower...
Manhattan, 10036
WITKOFF GROUP, 701 SEVENTH PROPERTY OWNER LLC
...
Manhattan, 10002
WITKOFF GROUP, 215 CHRYSTIE LLC
The sponsor(s) filed plans on 04/17/14 for a condo project at 215 Chrystie...
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