Ian Schrager Taps Highgate to Expand Public Hotels Brand

Key Points

• Ian Schrager is partnering with Highgate to expand the Public Hotels brand through acquisitions, conversions, and new builds.
• Public Hotels will shift to more cost-efficient operations, such as fast-casual dining and self-service check-in, to meet changing market demands.
• Highgate will manage the expansion without owning a stake in Public, leveraging its expertise in hotel management and recent growth in the luxury hotel sector.

Summary

Ian Schrager, a pioneer in the boutique hotel industry, has teamed up with hotel management giant Highgate to expand his Public Hotels brand beyond its current single location in New York City. The expansion strategy includes acquisitions, conversions, and new builds, with a focus on cost efficiency through operational changes like third-party dining options and self-service check-in. Highgate will manage the new properties without taking an ownership stake, as both companies seek to adapt to evolving market conditions and guest preferences.