"Airbnb is coming for our families," Schrager says of the hotel business, "and the only way to compete is to offer something that’s a unique experience, very social and communal." Now, at 70, Schrager is shaking things up once again, with Public, a hotel designed by Pritzker Prize–winning architects Herzog & de Meuron and located on New York’s Lower East Side. In the 1970s, as co-founder of the legendary club Studio 54, Ian Schrager redefined nightlife, and in the ’80s, as co-creator of the boutique hotel concept (first with Morgans, then with The Royalton), he revolutionized the hospitality industry. With low rates, co-working spaces, a food market and a theater, Ian Schrager’s latest hotel aims to be a new york destination of its own.
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