February 15, 2006 |
Its luxury hotels may attract the hippest crowds, but shares of Morgans Hotel Group Co. didn't attract hordes of buyers on its first day of trading. Stock of the New York-based company, which owns stakes in nine luxury hotels, slipped 11 cents to $19.89 on Tuesday on Nasdaq. Investors paid $20 a share in the initial public offering Monday. The company sold 18 million shares of stock at the midpoint of its expected price range set by underwriters Morgan Stanley and Merrill Lynch & Co.
August 2, 1998
Hotel impresario Ian Schrager, whose hip holdings include West Hollywood's Mondrian and Miami Beach's Delano, is on a buying spree that includes the historic-but-faded 214-room Miramar in Montecito and 684-room St. Moritz in Manhattan. He's also casting his buying eye on The Clift in San Francisco, which he already manages.
March 8, 1999 |
The seduction campaign began a month ago. In the mail was an acrylic box containing tiny puzzle pieces that spelled: "We hope to see you soon." Next came a tin of bandage strips. Printed on the wrappers was "Let us take care of you." A nostalgic View-Master with tiny photographs of romantic rooms was followed by a postcard that repeated the wish for an encounter. A puzzle, bandages, View-Master--what's the link between these seemingly unrelated objects? The Mondrian hotel on the Sunset Strip.
HOME & GARDEN
February 5, 2004
Hollyhock, the quietly glamorous, high-ticket antiques and home furnishings store, has always been a place where the worlds of design, Hollywood and high society come together on a handful of evenings each year to hear celebrated designers talk about the elements of style. Most recently, the West Hollywood store played host to New York power design team Stephen Sills and James Huniford, whose clients have included Vera Wang, Tina Turner and Ian Schrager.
September 10, 2000
The landmark, 8-decade-old Clift Hotel in San Francisco, which was bought by entrepreneur Ian Schrager earlier this year, will auction off the lion's share of its furnishings on Tuesday to make way for renovation work. A reservations clerk at the hotel said last week that "we're renovating a few floors at a time," and the hotel will remain open during the process.
August 20, 2003 |
New York hotelier Ian Schrager, whose high-design properties cater to affluent travelers, has filed for Chapter 11 bankruptcy protection for his plush Clift Hotel in San Francisco's theater district. The historic 373-room Clift has been suffering along with the rest of the San Francisco hotel market. The Bay Area has seen a dramatic drop in tourism and business travel since the Sept. 11 terrorist attacks.
CALIFORNIA | LOCAL
August 10, 2000
It was, apparently, the redefinition of "cool." The Mondrian Hotel in West Hollywood is paying a high price, more than $1 million, to nine former bellmen who didn't fit a rather limited definition of the cool Hollywood image. Did the bellmen fail in their service to the customer? Were they rude? Were there serious performance issues? No. But they were, according to a handwritten memo by owner Ian Schrager, "too ethnic." Oops.
January 23, 2007 |
In a kind of developer dating game, Bachelor No. 3 is about to try his luck restoring the landmark Miramar Hotel in Montecito. Rick Caruso, who built the popular outdoor Grove shopping center in Los Angeles, is expected to finalize a deal this week to purchase the dilapidated seaside hotel, said a person familiar with the discussions.
July 27, 1989 |
the co-owner of Studio 54 who reigned over New York's night life during the disco craze until his arrest for skimming club receipts, died Wednesday. He was 45. Rubell, who was convicted of tax evasion at the height of his club's popularity, died of complications from hepatitis and septic shock at Beth Israel Hospital, said publicist Dan Klores, who would not elaborate.