Schrager and Marriott Partner on New Hotel Concept

At a morning press conference today, Bill Marriott (chairman and C.E.O. of Marriott International, of course) and Ian Schrager (the man behind the new Gramercy Park Hotel, surely you know) formally announced plans to collaborate on a new hotel brand. The project combines Schrager's approach to what has become known as "lifestyle design" and branding with Marriott's international reach, and is set to include as many as 100 properties in major markets including New York, Miami, Los Angeles, Chicago, Boston, London, and Milan.

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