INTERESTING BUILDINGS / IAN SCHRAGER

The nightclub they lost.
The hotels that came next.

A debt from the sale of Studio 54 became a hotel on Madison Avenue. Ian Schrager and Steve Rubell gave it a designer, a different audience, and a new way to sell a room.

By Ben · Fintok7 min read18 sources ↓
Ian Schrager speaking at C2 Montréal in 2012, photographed by Karel ChladekMorgans Hotel room with a black-and-white checked bedspread, pictured in 2017 reportingThe London EDITION on Berners Street in a 2017 photograph
Schrager, 2012 · Morgans, archive · London EDITION, 2017 ↓

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18 sources · Research checked October 17, 2026

Vanity Fair

1996-03

Anything Went

Farewell party on February 2, 1980, two nights before prison; exchange of notes for the Executive Hotel; friendship from Syracuse in 1964 until 1989.

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Morgans Hotel Group via Journal des Palaces

2008-09-12

Morgans Hotel Group Reveals Andree Putman’s Restoration of Morgans

Morgans opened in 1984 at Madison Avenue and 37th Street. Its original palette was black and white; richer grey tones appeared in the 2008 restoration. Also documents Mapplethorpe photographs.

The original black-and-white scheme and the 2008 restoration’s shades of grey are different periods.

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Morgans Hotel Group / SEC

2006-02-13

Morgans Hotel Group final IPO prospectus, Form 424B4

Historical property descriptions: Morgans in 1984, Royalton in 1988, Starck’s block-long lobby, and the 802-room Hudson. Explains management’s pricing and occupancy investment case.

Historical company filing. Statements about occupancy and pricing power are management’s investment case, not independent proof of returns.

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Skift

2017-03-20

The Complete Oral History of Boutique Hotels

Participant interviews document Rubell’s claim to the term, competing Blakes and Bedford histories, and a boutique identity based on focus rather than size.

Participant recollections differ on the first boutique hotel and the origin of the term.

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New York magazine

2007-04-27

Still Doing the Hustle

Schrager’s direct interview states that he and Rubell did not have a partnership agreement and discusses the loss of his friend.

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Associated Press via Washington Post

1989-07-27

Steve Rubell Dies at 45

Contemporaneous reporting of Rubell’s death in July 1989, aged 45, and the announced causes of hepatitis and septic shock.

Contemporaneous public cause-of-death announcement; later reporting identified AIDS as the underlying illness.

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U.S. Bankruptcy Court, District of Hawaii

2012-05-29

In re M Waikiki LLC: Findings of Fact and Conclusions of Law on Estimation of Marriott Claim

Court findings establish the first EDITION’s 2010 opening, approximately $8.4 million operating loss before debt service, removal of Marriott as manager, and Schrager’s share of management fees.

Court findings concern the first Waikiki property. Its operating loss before debt service is not a performance claim about the whole EDITION brand.

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Marriott / SEC

2026-08-03

Marriott International Q2 2026 earnings release, Exhibit 99.1

As of June 30, 2026, Marriott reported 23 EDITION properties and 4,768 rooms. Its table notes that some brand counts may include hotels awaiting renovations before operating under the listed brand.

Marriott’s counts can include hotels awaiting renovations before they begin operating under the listed brand. This is the company’s system count as of June 30, 2026.

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Interview

2026-05-28

Ian Schrager Still Has It

The May 2026 introduction describes 15 EDITION hotels Schrager created between 2008 and 2022; it does not attribute all 23 to his personal design work.

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