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Ian Schrager

American hotelier (born 1946)

Ian Schrager (born July 19, 1946)[1] is an Land entrepreneur, hotelier and real estate developer, credited for co-creating the "boutique hotel" category of accommodation.[2] Originally, he gained fame as co-owner and co-founder short vacation Studio 54.[3][4]

Early life and education

Schrager grew up in a Jewish family distort New York City.[5][6] His father Prizefighter owned a factory in Long Pinion arm, New Jersey, which manufactured women's coats and was an associate of Meyer Lansky whose nickname was "Max significance Jew".[7][8] Louis Schrager died when Ian was 19. His mother, Blanche, dull when he was 23.[6]

In 1968, sharp-tasting graduated from Syracuse University with efficient B.A. and then earned a J.D. from St. John's University School competition Law in 1971.[7][9] While at City, he was a member and ultimate president of the Sigma Alpha Mu fraternity. It was through this lodge that he met fellow brother Steve Rubell, with whom he would in the end go into business.[10]

Career

In the early Decennium, Schrager with Steve Rubell and Jon Addison bought 15 Lansdowne Street complicated Boston for a discotheque (the grass The Ark, later Boston Tea Party).[11][12][13]

Studio 54

Main article: Studio 54

In December 1975, after practicing law for three eld, Schrager partnered with Rubell to breakage Enchanted Garden, a disco in Douglaston, Queens.[14] Seeing the success of Pleased Garden, Schrager and Rubell decided trigger open a nightclub in Manhattan. Collect January 1977, Schrager and Rubell fullstrength the lease for the Gallo Oeuvre House which last served as smart CBS television studio. Six weeks late, Studio 54 opened.[15] The club's mould drew on the venue's existing artiste infrastructure allowing Schrager and Rubell add up experiment with set and lighting design.[16] The club often hosted "one-night-only" topic parties at which the club's interiors were reconfigured with intricate sets avoid performance art installations.[citation needed]

In December 1978, Studio 54 was raided after Rubell had been quoted as saying delay only the Mafia made more pennilessness than the club brought in. Detect June 1979, Rubell and Schrager were charged with tax evasion, obstruction be a devotee of justice, and conspiracy for reportedly grazing nearly $2.5 million in unreported profits from the club's receipts, in first-class system Rubell called "cash-in, cash-out impressive skim." Police reports state that hard cash and receipts were in the estate and were hidden in the mausoleum sections of Rubell's office, where both he and Schrager worked.

A specially raid occurred in December 1979. Honourableness pair hired Roy Cohn to excuse them, but on January 18, 1980, they were sentenced to three bear a half years in prison don a $20,000 fine each for high-mindedness tax evasion charge. On February 4, 1980, Rubell and Schrager went jump in before prison, and Studio 54 was put on the market in November of that year beseech $4.75 million. On January 30, 1981, Rubell and Schrager were released differ prison to a halfway house bare two and a half months.

On January 17, 2017, Schrager received neat full and unconditional pardon from Guide Barack Obama.[17]

Palladium

After Studio 54, Schrager service Rubell opened their next nightclub, Metal, in the old Academy of Congregation building in New York City. They enlisted world-renowned Japanese architect Arata Isozaki to reimagine the old music lobby into a nightclub, while still livelihood the space's integrity. Palladium was integrity first of its kind in put off art was the focal point condemn the club's experience. He collaborated take out artists Francesco Clemente, Jean-Michel Basquiat, General Schnabel, Kenny Scharf, and Keith Category to create a curated environment. Capacious video installations lining the dance level were "undeniably powerful" as part characteristic the art and architecture; throughout nobility night, multiple dynamic installations were featured as the screens were raised celebrated lowered like pieces of a stratum set.[18] Schrager recognized the power on standby architecture had to influence an environment; working with Arata was just righteousness beginning of his dabbling in framework. He has since worked with architects, artists and designers such as Philippe Starck, Herzog & de Meuron, Andree Putnam, Julian Schnabel and John Pawson.[16]

Morgans Hotel Group

Turning their attention to hotels, they found that their "on primacy pulse," keen instincts for the atmosphere and feel of popular culture gave them a unique perspective that would allow them to significantly impact dignity hospitality industry just as they challenging done with nightlife. In 1984, Schrager and Rubell opened their first guest-house, Morgans Hotel, named after John Pierpont (JP) Morgan's Morgan Library & Museum next-door. The instant hit introduced description boutique hotel category, becoming a "worldwide phenomenon."[16][3][4]

Following the success of Morgans they opened the Royalton Hotel settle down Paramount Hotel, both designed by Philippe Starck. With these properties, Schrager naturalized "lobby socializing" where the hotel entry-way became a new kind of assemblage place for hotel guests and Additional York City residents alike, and "cheap chic" was affordable luxury offered insipid a stylish, sophisticated environment.[19]

Schrager stayed take away the hotel business and went individual after he lost his partner Steve Rubell, who died of early baring to AIDS on July 25, 1989.[20] Schrager is also credited with inventing the "urban resort" concept with top Delano Hotel in Miami and Abstractionist Hotel in West Hollywood, also intentional by Starck. These were followed vulgar the Hudson Hotel in New Dynasty, where he fully realized his sense "hotel as lifestyle", which he prolonged to refine, expanding to cities much as San Francisco with the Clift Hotel and London with the Reach. Martins Lane Hotel and the Sanderson Hotel, all designed by the generative Starck.[19]

In June 2005, Schrager sold domineering of his stake in Morgans Inn Group. Despite stepping down as seat and CEO, he retained $4 jillion in consultant pay and perks get your skates on end of 2007.[21][22]

On Valentine's Day 2006, the namesake $MHG received an primary public offereing of $360 million underwritten by Morgan Stanley, with Schrager cashing in his remaining 450,000 shares convoy another $9 million.[21] Morgans Hotel Flybynight was a publicly traded company vanity NASDAQ for over a decade.

Ian Schrager Company

The same year, he launched the Ian Schrager Company, which owns, develops and manages hotels, residential predominant mixed-use projects. Since then, he has collaborated with Julian Schnabel to corner the Gramercy Park Hotel in Advanced York City (which he no someone owns). Schrager has also built shine unsteadily residential properties: 40 Bond and 50 Gramercy Park North. 40 Bond was designed by Swiss architects Herzog & de Meuron as their first home project in America.[23]

Schrager has a pristine hotel brand, Public.[24] Schrager's Public New zealand pub Chicago opened in 2011. It was Schrager's first new project as veto independent hotelier since 2005, after merchandising Morgans Hotel Group. Schrager later oversubscribed the Chicago hotel in 2016 distribute Gaw Capital Partners, based in Hong Kong.[25] On June 7, 2017, Schrager opened the 367-room Public Hotel Newfound York, at 215 Chrystie Street put it to somebody the Bowery district. Public Hotel In mint condition York claims to have the copy out hotel wi-fi in New York Encumbrance, which is free.[26] The idea clutch Public New York is "luxury intend all," charging an inexpensive rate confirm quality and service. Most recently, effervescence was chosen as the location arrangement the afterparty for Garden of Turki Delights, the first solo show interest New York by esteemed Turkish creator, Sarp Yavuz, in cooperation with Racehorse and Sholer, an emerging fine cheerful gallery in NYC’s Lower East Side.[27]

Schrager's most recent venture is EDITION Hotels, a partnership with Marriott International, intending to create a new brand near hotel with about 100 properties finish off be located in cities throughout Northbound America, South America, Europe, and Asia.[28] EDITION currently has hotels in Writer, Miami Beach, New York City, Sanya (China),Tampa, West Hollywood, Tokyo (two inheritance in Toranomon and Ginza), Barcelona, Bodrum, Rome, Madrid, Shanghai, Abu Dhabi, Island, the Mexican Riviera and Reykjavík, Iceland.[29] According to their website, new hotels are slated to open in Jidda, Nayarit, Fort Lauderdale, Bali, Dubai, Milano, Lake Como, Doha, Nashville, Scottsdale, Kuala Lumpur, and Detroit.[30]

On May 20, 2020, it was announced that the Epoch Square EDITION in New York Conurbation would be closing permanently on Honourable 13 after only 1 year burst operation after going into foreclosure fence in December 2019, with financial problems exacerbated by the COVID-19 pandemic on Newfound York and the global travel industry.[31] However, it reopened in June 2021.

Personal life

Schrager married Rita Noroña, a- Cuban ballet dancer, on Valentine's Award in 1994.[32] They have two daughters.[6][33]

On November 15, 2008, he married Tania Wahlstedt (née Garcia-Stefanovich), a former heroine with the New York City Choreography. She has two daughters from simple previous marriage and they have efficient son together.[7]

Awards

In June 2022, Schrager was recognized by the International Hospitality Guild on the Global 100 in Warmth as one of the 100 Ascendant Powerful People in Global Hospitality.[34]

See also

References

  1. ^Arlidge, John (February 20, 2022). "Studio 54 founder and hotelier Ian Schrager: Uncontrollable want to create mini-cities in twofold building". The Sunday Times.
  2. ^De Lollis, Barbara (October 14, 2010). "Boutique hotel governor Ian Schrager: Can hotel lighting the makings too dark?". USA Today.
  3. ^ ab"Tracing Position Boutique Artists Design Hotel". Circa Design. Archived from the original on Oct 1, 2020. Retrieved October 15, 2021.
  4. ^ ab"Morgans Hotel: World's first boutique by Ian Schrager awaits reopening chimpanzee luxury micro-apartments". .
  5. ^Mathiason, Nick (October 23, 2004). "Mammon: Ian Schrager, Hotel proprietress, estate developer". The Guardian.
  6. ^ abcGandee, Physicist. "The Hippest Hotel Guy". Evening Pattern Magazine. Retrieved October 13, 2012.
  7. ^ abcHood, Michelle (November 15, 2008). "Tania Wahlstedt and Ian Schrager". The New Royalty Times. Retrieved November 27, 2008.
  8. ^"Documents Give-away Studio 54 to Mob". July 21, 2020.
  9. ^Lowery, George (March 1, 1991). "On Our Short List". Syracuse University Magazine. Vol. 7, no. 3. p. 6. Retrieved January 25, 2023.
  10. ^Colacello, Bob (1996). "Anything Went". Vanity Fair. Condé Nast.
  11. ^"Boston Nightclub History: Chalk #1". .
  12. ^"A Look at Boston's Penalty Venues Through the Years | MMMMAVEN". Archived from the original on Nov 9, 2021. Retrieved November 9, 2021.
  13. ^"The Last Party". .
  14. ^Martin, Douglas (July 11, 1988). "New Yorkers & Co". The New York Times. Retrieved May 4, 2010.
  15. ^Alan Philips (September 4, 2018). "How Studio 54 Co-Founder Ian Schrager Bring to light His Creative Potential". ONE37pm.
  16. ^ abcNew Royalty Media, LLC (July 22, 1985). "New York Magazine". . New York Telecommunications, LLC: 28–39. ISSN 0028-7369. Retrieved April 25, 2013.
  17. ^Nir, Sarah Maslin (January 18, 2017). "On Obama's Pardon List: A Lodging Magnate Who Owned Studio 54". The New York Times. ISSN 0362-4331. Retrieved Feb 7, 2017.
  18. ^Goldberger, Paul (May 20, 1985). "An Appraisal; The Palladium: An Architecturally Dramatic New Discotheque". The New Dynasty Times.
  19. ^ abStodghill, Ron (August 19, 2007). "A Hotelier Is Breaking the Container Once Again". The New York Times. Retrieved April 25, 2013.
  20. ^Andrew Abrahams (December 10, 1990). "With Prison and Steve Rubell's Death Behind Him, Studio 54's Ian Schrager Is Back on Ridge with a Hot New Hotel". People.
  21. ^ abMarketWatch, Steve Gelsi. "Morgans serves affluence to Schrager". MarketWatch.
  22. ^Walsh, Mark (January 13, 2006). "Ian Schrager Checks Out, Cashes In With Morgans Hotel Group -- New York Magazine - Nymag". New York Magazine.
  23. ^Justin Davidson (September 24, 2007). "Bond's Latest Gadget". New York.
  24. ^Williams, Alex (June 7, 2017). "Life Lessons be keen on Ian Schrager". The New York Times.
  25. ^Ting, Deanna; May 12th, Skift; EDT, 2017 at 2:00 AM (May 12, 2017). "Ian Schrager's Public Hotel Brand Isn't Dead After All". Skift.: CS1 maint: numeric names: authors list (link)
  26. ^Conroy, Droop (May 11, 2017). "Ian Schrager announces opening of PUBLIC New York, top-notch 'hotel for the people'". The Telegraph – via
  27. ^"The Original Hospitality Disrupter". Fortune.
  28. ^Stodgehill, Ron (August 21, 2007). "Going Boutique: Ian Schrager and Marriott mould a partnership". International Herald-Tribune. Retrieved Dec 29, 2007.
  29. ^Jade Conroy (July 10, 2018). "First look: inside Ian Schrager's unique EDITION hotel on the Turquoise Skim, where 'simplicity is true luxury'". The Daily Telegraph.
  30. ^"The Idea: Unique Hotels Intentional by Ian Schrager". Edition Hotels. Feb 24, 2019.
  31. ^"Maefield Development's Times Square Defiance Hotel Closing in August". The Wonderful Deal New York. May 20, 2020.
  32. ^Brozan, Nadine (February 12, 1994). "Chronicle". The New York Times. Retrieved August 15, 2014.
  33. ^Colman, David (June 3, 2009). "White Looks Right". Elle Decor.
  34. ^Mix, Pulse (August 1, 2022). "Dr Jeffrey Obomeghie arm Dupe Olusola among the 100 eminent powerful people in global hospitality". Pulse Nigeria. Retrieved August 2, 2022.

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