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After leaving Morgans Hotel Group in 2005, the company he founded and created, Ian Schrager developed his namesake, Ian Schrager Company. This new company owns, develops, manages and brands hotels, residential and mixed use projects. Since then, he has transformed the fabled Gramercy Park Hotel in New York City, created two groundbreaking residential properties, 40 Bond and 50 Gramercy Park North, successfully launched the new brand, PUBLIC Hotels, and is currently working on a second new hotel brand. In addition, Schrager has a partnership with Marriott International on a new luxury lifestyle brand.