Schrager Appoints Hochberg and Overington to Top Posts
NEW YORK, NY, May 23, 2006. Ian Schrager Co. has appointed Mitchell Hochberg as president and COO. In this new position, Hochberg will oversee the day-to-day operations of the company and report directly to Ian Schrager. Meanwhile, Michael Overington, president of the Ian Schrager development division and long-time partner of Ian Schrager Co., has been appointed vice chairman of the company.
These appointments mark the growth of Ian Schrager Co. since being launched by founder Ian Schrager less than a year ago. After a successful career revolutionizing the nightclub and entertainment industries and inventing the boutique hotel concept, these new positions at ISC promise to allow Schrager to continue to break industry standards.
ISC is currently working on eight projects that include the opening of the Gramercy Park Hotel in August 2006 and residential properties 50 Gramercy Park North, 40 Bond and the world-famous clock tower building- No. 1 Madison.
Further hotel and residential projects include an additional property in New York; one hotel in Miami; one hotel in Miami Beach, FL; a large-scale residential community in Las Vegas; and other transactions in the pipeline.
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