1. Ian Schrager was born on July 19,1946 and is an American entrepreneur, hotelier and real estate developer, credited for co-creating the "boutique hotel" category of accommodation.
17 Facts About Ian Schrager
1. 2.
Ian Schrager's father Louis owned a factory in Long Branch, New Jersey, which manufactured women's coats and was an associate of Meyer Lansky whose nickname was "Max the Jew".
3.
In December 1975, after practicing law for three years, Ian Schrager partnered with Rubell to open Enchanted Garden, a disco in Douglaston, Queens.
4.
On February 4,1980, Rubell and Ian Schrager went to prison, and Studio 54 was sold in November of that year for $4.75 million.
5.
On January 30,1981, Rubell and Ian Schrager were released from prison to a halfway house for two and a half months.
6.
On January 17,2017, Ian Schrager received a full and unconditional pardon from President Barack Obama.
7.
Ian Schrager collaborated with artists Francesco Clemente, Jean-Michel Basquiat, Julian Schnabel, Kenny Scharf, and Keith Haring to create a curated environment.
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Meyer Lansky Barack Obama Jean-Michel Basquiat Julian Schnabel Keith Haring Steve Rubell 8.
Ian Schrager recognized the power great architecture had to influence an environment; working with Arata was just the beginning of his dabbling in architecture.
9.
Ian Schrager stayed in the hotel business and went solo after he lost his partner Steve Rubell, who died of early exposure to AIDS on July 25,1989.
10.
In June 2005, Ian Schrager sold most of his stake in Morgans Hotel Group.
11.
On Valentine's Day 2006, the namesake $MHG received an initial public offereing of $360 million underwritten by Morgan Stanley, with Ian Schrager cashing in his remaining 450,000 shares for another $9 million.
12.
Ian Schrager has built two residential properties: 40 Bond and 50 Gramercy Park North.
13.
Ian Schrager later sold the Chicago hotel in 2016 to Gaw Capital Partners, based in Hong Kong.
14.
On June 7,2017, Ian Schrager opened the 367-room Public Hotel New York, at 215 Chrystie Street in the Bowery district.
15.
Ian Schrager married Rita Norona, a Cuban ballet dancer, on Valentine's Day in 1994.
16.
Ian Schrager has two daughters from a previous marriage and they have a son together.
17.
In June 2022, Ian Schrager was recognized by the International Hospitality Institute on the Global 100 in Hospitality as one of the 100 Most Powerful People in Global Hospitality.