Two Hotel Chains Set by Schrager | wsj.com

Storied New York hotelier Ian Schrager says he is about to launch his next "fresh start." The 64-year-old founder of the hip Morgans Hotel Group Co. and a co-owner of the former Studio 54 disco in Manhattan, plans to start two trendy hotel chains. One will cater to the luxury lifestyle and the other will be a more affordable take on hip, large-scale urban hotels. Mr.