Inside these posts: Ian Schrager

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Ambassador East update to lead hotelier’s ‘fresh start’

Storied New York hotelier Ian Schrager says he is about to launch his next “fresh start,” kicking it off with an update of Chicago’s Ambassador East hotel.

The 64-year-old founder of the hip Morgans Hotel Group Co. and a co-owner of the former Studio 54 disco in Manhattan, plans to start two trendy hotel chains. One will cater to the luxury lifestyle and the other will be a more affordable take on hip, large-scale urban hotels. Get the full story »