Ian Schrager, 79, Lists Historic Westchester Estate for $7.5M
Real estate mogul Ian Schrager, nearing 80, has put his historic Westchester estate up for sale at $7.5 million. The five-bedroom, four-and-a-half-bathroom property, built in 1936, was purchased by Schrager in 2014 for $4.9 million. Despite his age, Schrager has no plans to retire, focusing instead on expanding his Public brand.
Schrager, who left Marriott two years ago, has been active in the real estate market. In addition to the Westchester estate, he has recently sold a $7.5 million Miami condo and a Dumbo loft listed for $3.95 million. The identity of the 2014 buyer of the Bedford Corners property remains unknown. Schrager's latest venture, the Public, is a hotel brand that combines affordable luxury with modern design. Despite his advancing years, Schrager shows no signs of slowing down, indicating he is committed to growing the Public brand.
The historic Westchester estate, once owned by Ian Schrager, is now on the market for $7.5 million. Schrager, who bought the property in 2014, has since sold several other properties and shows no signs of retiring. Instead, he is focused on building out his Public brand, indicating a continued presence in the real estate and hospitality industries.
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