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


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...

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...

10/06/17
...expensive home sale downtown, but a penthouse at Ian Schrager...

10/05/17
...Ian Schrager and 160 Leroy The second half of the $80 million penthouse that Ian Schrager split into...

10/02/17
...to be,” said Rundhaug, who’s working on Ian Schrager’s Herzog & De Meuron-designed 160 Leroy Street. “They really are still looking in Nolita...

09/26/17
...the likes of Marriott’s Moxy hotels and Ian Schrager’s Public. – Rich Bockmann...

09/15/17
...Public Hotel and Ian Schrager Ian Schrager is fighting back against Airbnb with a tech-fueled hotel. Public Hotels replace the front...

09/14/17
From the September issue: Dustin Stolly is the vice chair and co-head of Newmark Knight Frank’s debt and structured finance group for the New York tri-state...

09/05/17
...to convert 90 Sands into a 600-room hotel with Ian Schrager. But when it came time to close on 90 Sands, RFR sealed the deal by...

08/28/17
...The top contract was for South 12A at Ian Schrager’s 160 Leroy Street, priced at $16.2 million. The home has four bedrooms and four-and-half bathrooms...

08/02/17
...are upset that they can see guests at Ian Schrager’s new hotel having sex through its oversized windows. The Public hotel at 215 Chrystie...

07/25/17
From the July issue’s “In their words” feature, a roundup of the funniest and most insightful comments on real estate. Tags: funny quotes...

07/21/17
...Starwood Capital Group — provided developers Steve Witkoff and Ian Schrager with a $173.3 million loan to refinance their hotel-condominium at 215 Chrystie Street.  —Kathryn Brenzel...

07/18/17
...Group lent $173.3 million to developers Steve Witkoff and Ian Schrager for 215 Chrystie Street, a 370-key tower with 11 condo residences. The building opened last month...

07/13/17
...Street for $10 million, and Witkoff Group and hotelier Ian Schrager are working on a hotel-condominium at 215 Chrystie Street with a target sellout of $118.4 million...

07/11/17
...Ian Schrager and his new apartment at 31 Washington Street in DUMBO (credit: Ian Schrager and Nest...

07/03/17
...The penthouse at160 Leroy Street and Ian Schrager (Credit: Getty Images) One of two penthouses that originally comprised a massive spread atop...

06/10/17
...Ian Schrager As the co-founder of Studio 54, Ian Schrager came into contact with a good deal of famous and successful people. One of...

06/05/17
...Ian Schrager, Steve Witkoff and renderings of 215 Chrystie Street (Credit: Marc Scrivo and Herzog & de...

05/23/17
...purchase of a Witnesses building slated for an Ian Schrager...

04/01/17
...likely connected to a planned hotel by hotelier Ian Schrager at one of the Dumbo Heights office conversions. The disclosure, which pegs the value...

02/06/17
...From left: Ian Schrager, Harry Macklowe and Jeff Blau UPDATED February 8, 2016, 10:36 a.m.: Just as construction was set...

01/18/17
...Barack Obama and Ian Schrager UPDATED: Thursday, Jan. 19 at 9:56 a.m.: It's the end of an era in more...
  • 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 7TH PROPERTY OWNER LLC
...
Manhattan, 10002
WITKOFF GROUP, 215 CHRYSTIE LLC
...

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 7TH PROPERTY OWNER LLC
...
Manhattan, 10002
WITKOFF GROUP, 215 CHRYSTIE LLC
...
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