Schrager Eyeing Historic NYC Building for Mixed-Use Hotel Project
NEW YORK, NY, December 15, 2005. Ian Schrager is set to make another hotel development splash here in concert with developer Aby Rosen, according to a report that the pair is forming an agreement to convert the former MetLife headquarters at 1 Madison Ave. into a hotel and condominium complex. Not including its common areas, the project will measure about 174,000 square feet
Reportedly selling the property to Schrager and Rosen is SL Green, which acquired the century-old building in March for $918 million. Currently, Credit Suisse First Boston occupies the building.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
