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


07/25/17
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...

12/14/16
...million, the developer told the Journal. And at Ian Schrager and Steve Witkoff's 215 Chrystie Street, a penthouse asking $23.5 million is under contract for close...

11/04/16
...very top of the market, these units $4,000, $5,000 $6,000 $7,000 ” At Ian Schrager’s 215 Chrystie Street, in which Vector subsidiary New Valley has an equity stake, Elliman...

10/17/16
...From the October issue: In January 1980, Ian Schrager and Steve Rubell, the founders of legendary nightclub Studio 54, stood in court to face...

08/09/16
...Witkoff, along with Howard Lorber’s Vector Group, Ian Schrager, Winthrop Realty Trust and Maefield Development are developing a 39-story project at the site...

07/20/16
...the Witkoff Group , Howard Lorber’s Vector Group, Ian Schrager, Winthrop Realty Trust and Maefield Development. The project, which includes a 452-key Marriott Edition...

07/08/16
...Street; William Zeckendorf Jr. at 15 Central Park West; Ian Schrager at 160 Leroy Street; Michael Stern at Walker Tower; Donald Trump at 106 Central Park South...

06/11/16
...Michael Overington Ian Schrager may be the face of the redesigned Gramercy Park Hotel and the eagerly anticipated...

05/24/16
...by the Witkoff Group, Howard Lorber's Vector Group, Ian Schrager, Winthrop Realty Trust, and Maefield Development. The 39-story project, set to be completed in...

05/17/16
...hotel sector under the leadership of its founders Ian Schrager and Steve Rubell, can be restored to its past glory – albeit under the SBE...

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

05/09/16
...which was founded by developer and Studio 54 impresario Ian Schrager, and is often credited with innovating the “boutique” hotel sector – may well receive fresh...

05/04/16
...of 160 Leroy Street in the West Village (inset: Ian Schrager) Call it the (overpriced) penthouse effect. After shooting for the stars with an $80 million...

05/02/16
...was followed by a four-bedroom, 3,450-square-foot unit at Ian Schrager’s 160 Leroy Street in the West Village, which asked $14.5 million – down from $15.25 million when...
  • 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, 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...

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, 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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