Katie Warren/Business Insider
- Legendary hotelier Ian Schrager just opened a brand-new luxury hotel in the heart of Times Square in New York City.
- The Times Square EDITION is a 452-room luxury hotel that includes a restaurant run by a Michelin-starred chef, an outdoor terrace, and a nightclub.
- A standard guest room starts at about $360 per night and the penthouse suite starts at $10,000 per night.
- I took a tour of the hotel and its $10,000-a-night penthouse suite, and I felt like I was miles from the most-hated part of NYC.
- Visit Business Insider’s homepage for more stories.
Legendary hotelier Ian Schrager just opened a five-star hotel in an unlikely New York City locale: the heart of Times Square.
While Times Square is a bustling tourism and shopping hub, locals tend to avoid the area at all costs.
Schrager, who also cofounded iconic nightclub Studio 54, defended his choice to put the hotel there. He told Business Insider he’s opened almost all of his hotels in "terrible neighborhoods" — and it worked out just fine.
"I did it in Miami with the Delano. Terrible neighborhood when I opened that up," he said of Miami Beach. "I did it in West Hollywood with the Mondrian. That was a terrible neighborhood when I opened up."
I got a tour of the 452-room hotel and it’s $10,000-a-night penthouse suite. Here’s what it looks like inside.
The Times Square Edition is a brand-new luxury hotel in the heart of Times Square in New York City. The 452-room hotel is a collaboration between Marriott International and legendary hotelier Ian Schrager, who also cofounded iconic nightclub Studio 54.
Katie Warren/Business Insider
Schrager’s Times Square EDITION is just the latest addition to the EDITION hotel family, which includes the New York EDITION on Madison Avenue, the London EDITION, the Miami Beach EDITION, the Bodrum EDITION, the Barcelona EDITION, and more.
Source: Times Square EDITION
On a recent spring morning, I went to the Times Square EDITION for a tour of the hotel, its amenities and restaurants, and its penthouse suite that starts at $10,000 a night.
Katie Warren/Business Insider
Source: Times Square EDITION
The entrance is on 47th Street in Times Square, one of the busiest neighborhoods in New York City that locals tend to steer clear of, partially because of the crowds of tourists.
Katie Warren/Business Insider
For Schrager, Times Square is on the precipice of transformation.
"I have a hope that this hotel will attract a lot of other great hotels, a lot of other great restaurants, and a lot of other more sophisticated retail," Schrager said, "and be [the] thriving, bustling, naughty and bawdy place that Times Square was historically."
Source: Times Square EDITION
See the rest of the story at Business Insider
See Also:
- I toured a $39.5 million triplex penthouse in an iconic NYC building that’s beloved by celebs and musicians. From the futuristic lobby to the Elon Musk-inspired study, it was unlike anything I had ever seen.
- An abandoned JFK airport terminal reopens today as a luxury hotel with a 100-degree infinity pool that’s like a large hot tub overlooking the runway
- I got access to the richest zip code in the US, an island off Miami where the average income is $2.2 million, the beaches have sand imported from the Bahamas, and the preferred mode of transportation is golf carts. Here’s what it looks like.
Source: Business Insider – kwarren@businessinsider.com (Katie Warren)