Renaissances

Ian Schrager is Going to Sell You the Pump Room’s Sex Appeal

The Pump Room, back in the day
The Pump Room, back in the day Photo: courtesy The Pump Room

It’s official: $25 million has changed hands, and glitztastic hotelier Ian Schrager is now the owner of the Ambassador Hotel and its crown jewel, The Pump Room, Crain’s reports. “Schrager will do a great job with the food and beverage component,” said a rival developer who also bid on the hotel. “The benefit Schrager has versus other competitors is that he’s not selling the high-quality room product, what he’s selling is the sex appeal and the night life that he’ll bring there.” [Crain’s Chicago]

Earlier: For the Pump Room as We Know It, the End is in Sight

Ian Schrager is Going to Sell You the Pump Room’s Sex Appeal