“I think we’ve changed, and luxury has a new and different meaning today,” he explains, speaking over Zoom from his home in New York. “Luxury right now is having freedom—freedom from hassles to make everything easy, freedom of time, freedom to devote your personal time to the things that matter to you.”
The hotelier—best known for co-creating New York’s legendary Studio 54—announced in April 2022 that he’d be parting ways with the hospitality behemoth, with which he’s been building Edition hotels since the company announced the brand 15 years ago. But a year after declaring his intention to depart, he’s finally talking about what comes next.
In an exclusive interview with Bloomberg Pursuits, Schrager says he’s still on the hook for seven more Editions. Then it’s time to focus on the “most important idea” he’s ever had—his words—by expanding his Public hotel, on Manhattan’s Lower East Side, into the next great hotel brand (and a more affordable competitor to the Edition).
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