Ian Schrager proposes a second Edition in NYC

Ian Schrager and 5 Madison Avenue
Ian Schrager and 5 Madison Avenue

Hotelier Ian Schrager has plans for not one but two Edition hotels in the city.

The Clock Tower Edition Hotel is under construction at 5 Madison Avenue, between East 23rd and East 24th streets in the Flatiron district, with an expected opening date of early 2015. But the dashing developer is also planning a second Edition at an undisclosed New York City location. Schrager launched the brand with Marriott International in 2008. 

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Schrager disclosed the plans on the Edition website, as spotted by the blog Hotel Chatter. Other Edition hotels in the works include ones in Shanghai, Paris, Miami, Bangkok, Abu Dhabi and West Hollywood – all set to open over the next four years, Hotel Chatter said.

Marriott was in talks in August to sell the Clock Tower site to the Abu Dhabi Investment Authority, along with two other hotels, for a total of $800 million, as previously reported. In 2011, Marriott bought the 220,000-square-foot office tower overlooking Madison Square Park from Africa Israel for $165 million. [Hotel Chatter]Mark Maurer

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