MIAMI BEACH Ian Schrager, renowned boutique hotelier and founder of Ian Schrager Hotels, is considering developing a second property in South Beach that will combine condominiums with a boutique hotel.
The Miami Herald reported that Schrager, who already has a presence here with The Delano, admires what ultra-luxury hotelier Adrian Zecha is doing with his five-star Setai hotel and condominiums. Schrager is expected to fly back to Florida at the end of the month to scout deals in Miami, the Herald reported.
Schrager currently owns eight properties in New York, London, Los Angeles and Miami. Another two hotels are under development in Santa Monica and San Francisco. (3/16/01)
SOURCE: The Miami Herald