Ian Schrager
Although it had been widely reported in the press in the past few months that hotelier Ian Schrager has unloaded his stake in the Gramercy Park Hotel, effectively ending his partnership with financier Aby Rosen, the developer sent a letter to The Real Deal as part of a mailing announcing the deal. “I wanted to tell you personally of the sale of my interests in Gramercy Park Hotel,” Schrager said in the letter. As The Real Deal reported this month, one source said the sale closed for roughly $20 million. See the letter below. TRD