Ian Schrager: Miami ‘At The Beginning Of A Renaissance’

Miami is now a ‘world-class capital’ at the start of a renaissance that he wants to be a part of, hotelier Ian Schrager said last week.

Schrager wants to invest further in a ‘very deep’ market, and is ‘aggressively’ looking to add two new hotels to his portfolio. He is in talks to add a Public hotel in North Beach. He recently passed on a property in Fort Lauderdale for his Edition brand (a partnership with Marriott), but continues to look for other sites.

Schrager opened the renovated Delano hotel in South Beach in 1995, and later took over management of the Shore Club. His Edition hotel in South Beach opened last year.

In addition to Miami, Schrager wants to invest in ither parts of Florida. He said that Florida ‘has a long way to go’, citing the state’s population growth.

via The Real Deal

(photo:phillip pessar/flickr)

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Anonymous
6 years ago

With all the doom and gloom because of Greece, I read that as “At The Beginning Of A Recession” and chuckled.

Anonymous
6 years ago

“He said that Florida ‘has a long way to go’, citing the state’s population growth.”

In what, population? Florida is right now the 3rd most populated state in the nation. Florida has about half the population of California, but in sheer size, Florida isn’t even have half the land size of California.

There are some developers right now who want the UDBL extended a little further into the Everglades. Believe me Mr Schrager, Florida has no problem attracting and adding people.

Anonymous
6 years ago

Hopefully that renaissance includes improved transportation.

And how about we don’t destroy the Everglades anymore. I like to drink water once in a while….^^

Anonymous
6 years ago

There are articles written about the – Urban Development Boundary Line – and paid for studies as to what’s going to happen because of it and the way Miami will have to start building structures to house it’s ever growing population. MiamiDade county has no choice but to build on existing vacant land (or knock down and rebuild) taller structures or extend further westward past the UDBL. Transportation has no choice but to improve. Improved transportation anywhere always lagged behind population growth.

Fredric
6 years ago

When Ian Schrager said that Florida had a “long way to go,” that was precisely his point, that the state will see much more population growth in the future. Whether the Urban Development Boundary Line is extended or not will have no impact on the state’s population growth and not much if any impact on population growth in Miami-Dade County either.

Anonymous
6 years ago

C’mon Ian look into downtown Miami!!!!
I am sure it would help tremendously to revitaliza the area. Besides i’m sure he will find some buildings with old classic charm characteristics of Public Hotels or even The Edition in London.