| Ian Schrager | |
|---|---|
| Born | July 19, 1946 New York, New York, USA |
| Occupation | CEO |
| Spouse(s) | Tania Wahlstedt |
| Children | Sophia & Ava |
| Website The Ian Schrager Company |
|
Ian Schrager (1946 - Present) is an American hotelier and real estate developer. Often associated with co-creating of the Boutique Hotel genre. Originally, he gained fame as co-owner & co-founder of Studio 54.
Contents |
Early life
Schrager's father was a garment worker. [1]He received a Bachelor of Arts from Syracuse University in 1968 and a Juris Doctorate from St. John's University School of Law in 1971.[citation needed] In 1975, Schrager opened Enchanted Garden, a disco in Douglaston, Queens with Steve Rubell, a friend he had made at Syracuse when they were both dating the same woman.[2] The club was set up in a former golf course clubhouse with a capacity of 2,000.
Education
In 1968, he received a Bachelor of Arts from Syracuse University
In 1971, he received a Juris Doctorate from St. John's University School of Law.
Business
Studio 54
Schrager first became known for creating the New York nightclub Studio 54 with his partner, Steve Rubell. Such celebrities as Andy Warhol, Mick Jagger, his wife Bianca Jagger and Truman Capote were Studio 54 regulars.[3] Unfortunately, the club closed when the pair were charged with income tax evasion and obstruction of justice, and then sentenced to three and a half years in jail. As partner Jack Dushey had given information against them, Rubell and Schrager themselves cooperated with authorities in naming other club owners who were skimming cash and their sentences were reduced to 20 months. [4][5] Still a valuable property, Studio 54 was sold for $2.2 million in 1981.[6]
Hotels
Schrager and Rubell dabbled in nightclubs again by opening Palladium, but were unable to obtain a liquor license, so they set their sights on the hotel business.
With luck on their side, they were able to purchase the Executive Hotel for the money they had, $60,000 and due to unusual terms, were able to use the hotel itself as collateral.[7] Reopening it as Morgans Hotel in 1984. (Morgans houses the highly successful restaurant Asia de Cuba by NY restaurateur Jeffrey Chodorow.)
With their success of Morgans, they opened the successful Century Paramont Hotel, as well as acquiring and renovating the Royalton in 1988.[8] After Rubell fell ill[9][10].
Morgans Hotel Group
Schrager started the Morgans Hotel Group (Also known as Ian Schrager Hotels) and opened The Royalton and The Hudson in New York, The Delano in Miami, and The Sanderson & St. Martins Lane in London, The Clift Hotel in San Francisco and The Mondrian in Los Angeles. [11]
By 1998, Schrager was the largest private hotelier in New York.[12]
Ian Schrager Company
In 2005, Schrager left Morgans Hotel Group to create the Ian Schrager Company, and collaborated with artist and filmmaker Julian Schnabel on the Gramercy Park Hotel. Gramercy Park Hotel is a $200 million dollar, 185 room hotel along and a residential project next door, 50 Gramercy Park North. [13]
Schrager’s latest venture is a partnership with Marriott International intending to create a new brand of hotel with about 100 hotels to be located in cities throughout North and South America, Europe and Asia, [1] and another New York residence, 40 Bond Street, with architects Herzog and De Meuron.
On May 13, 2009, Ian Schrager and Murray Hill Properties, LLC, a New York City real estate investment firm, reportedly signed a deal to develop a six-star, ultra luxury hotel at 1414 Avenue of the Americas.[14]
Personal life
Has two daughters, Sophia & Ava, from a previous marriage.
On November 15, 2008 he married Tania Wahlstedt, a former ballerina with the New York City Ballet, who also has two daughters Amanda and Lili. [15]
External links
References
- ^ a b Stodgehill, Ron (2007-08-21). "Going Boutique: Ian Schrager and Marriott forge a partnership". International Herald-Tribune. http://www.iht.com/articles/2007/08/21/properties/remar.php. Retrieved 2007-12-29.
- ^ [1]
- ^ Stodghill, Ron (2007-08-19). "A Hotelier Is Breaking the Mold Once Again". NY Times. http://www.nytimes.com/2007/08/19/business/yourmoney/19ian.html?_r=1&n=Top/Reference/Times%20Topics/People/S/Schrager,%20Ian&pagewanted=all. Retrieved 2007-12-29.
- ^ [2]
- ^ "Two of Studio 54 Get Reduced Terms". NY Times. 1981-01-08. http://query.nytimes.com/gst/fullpage.html?res=9C05E3D8163BF932A35752C0A967948260. Retrieved 2007-12-29.
- ^ Reality News; Studio 54 New York Times - August 31, 1981
- ^ [3]
- ^ [4]
- ^ [5]
- ^ [6]
- ^ "The Mondrian, Miami". Sleeper. 2007-03-01. http://www.sleepermagazine.co.uk/Sleeper/Spring07/db_mondrian.htmres=9C05E3D8163BF932A35752C0A967948260. Retrieved 2007-12-29.
- ^ Bagli, Charles (1998-05-22). "Deal Turns Former Disco Owner Into City's Largest Private Hotelier". New York Times. http://query.nytimes.com/gst/fullpage.html?res=9F04E1D91039F931A15756C0A96E958260. Retrieved 2009-01-09.
- ^ Betts, Kate (2007-09-07). "A Hotel Guru Changes Rooms". Time. http://www.time.com/time/magazine/article/0,9171,1223352-1,00.html. Retrieved 2007-12-29.
- ^ Weiss, Lois (2009-05-13). "SCHRAGER PLANS MIDTOWN HOTEL". New York Post. http://www.nypost.com/seven/05132009/business/schrager_plans_midtown_hotel_168947.htm?page=0. Retrieved 2009-05-13.
- ^ "Tania Wahlstedt and Ian Schrager". nytimes.com. 2008-11-15. http://www.nytimes.com/2008/11/16/fashion/weddings/16WAHLSTEDT.html. Retrieved 2008-11-27.
External Articles
- The New York Times - Nov. 27, 2008
- TimesOnline (UK) - Marriott goes for boutique hotels, Nov. 11, 2007
- The New York Times - A Hotelier Is Breaking the Mold Once Again, Aug. 24, 2007
- Travel & Leisure - Design Champion 2007
- Reuters - Hotelier Ian Schrager draws lessons from Apple, July 24, 2007
- Calderone, Michael (2006-01-16). "The Bond Street Boys". The New York Observer.
Videos
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)
