Word: schrager
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...contemporary art auction in New York on Nov. 12. And Phillips has said it expects at least $4 million for Silver Liz, a 1963 image of Elizabeth Taylor. Try to get your head around that. - L.G. Hip Sleep The boutique hotel was the brainchild of Ian Schrager, co-founder of New York's legendary Studio 54. Reasoning that his nightclub's hip clientele would want to stay in hip hotels, he created such architectural landmarks as London's Sanderson and St. Martin's Lane. Now that concept is celebrated in an exhibition, "New Hotels for Global Nomads," at New York...
...their crowd--designers, DJs and other fashion-conscious urbanites. So with partner Doug Herrick they took over a former halfway house in a downtown neighborhood and created Ace, Seattle's new haven for flophouse chic--a mode that could be hospitality's next wave. "They're outsiders," says Ian Schrager, the pioneer of hip hotels. "Which is the way we were, and which I like...
...have technology to thank for that access. "We used to wish we had the technology to do things," says Ian Schrager, the man who pioneered the affordable-boutique-hotel trend. "Now technology is giving us things we don't even know how to use yet." London hotel guests in Schrager's St. Martin's Lane can alter the color scheme of their room simply by adjusting a knob next to the bed. Computerization and new materials have made production of just about anything cheaper and more efficient, and quality easier to maintain...
...Schrager, a pop-culture junkie who combs through 50 magazines a week, is proving style and attitude are profitable. He has consistently enjoyed 80% to 90% occupancy rates at his properties; the industry average is about 65%. This year, with only six hotels now going at full speed, he expects to turn an operating profit of $120 million, and in a few years his company could be worth $2 billion...
...just design and marketing. He's a very efficient operator," says Edward Scheetz, a partner at real estate investment firm Northstar Capital, which, with help from financier George Soros, has shelled out a few hundred million dollars for a majority stake of the newly incorporated Ian Schrager Hotels. For instance, nearly everything in your room, from sheets and towels to toilet brushes, is for sale. Schrager's even giving thought to opening stores to sell these wares. And he leases in-house restaurants and bars, which can typically be a major drag on hotel earnings...