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HotelChatter Flashback: Remember When We Feared Ian Schrager Leaving GPH?

Where: 2 Lexington Avenue [map], New York, NY, United States, 10010
July 12, 2013 at 12:02 PM | by | ()

It's time for a walk down memory lane with a HotelChatter flashback!

On this day way back in 2010, we read the news that hotelier Ian Schrager and his commercial landlords had defaulted on a $140 million loan for the Gramercy Park Hotel. This was kind of a common occurrence back then as hotels were still trying to recover from the economic collapse of 2008 and 2009.

Yet with GPH in 2010, one investor was not interested in assuming the loan for the hotel because it was hard to get Schrager to agree to stay. And we couldn't have imagined GPH without Schrager...back then.

Today, we're totally ok with the fact that GPH no longer has Ian Schrager roaming the lobby. (He left less than six months after this.) No doubt that's because his Public Chicago, which opened in 2012, has kept us very entertained. Now, we're just wondering when he will open more of them. Oh and we can't forget about his hand in Marriott's Edition Hotels. We'll see the fruits of his labor again with the London Edition, opening this October.

As for the Gramercy Park Hotel, it's still a great spot and nearly all of Ian's handiwork remains. The hotel also has new restaurants from hotshot restauranteur Danny Meyer. Plus, you can probably even get into the Rose Bar these days! Rates start at $395 a night at the end of July.

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