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.