Summary

As he prepares to open his third L.A. hotel — The PUBLIC — the Studio 54 founder and hospitality legend talks about his newly democratic door policies, getting ripped off by rivals and why he’s not afraid of failure. Ian Schrager has spent nearly half a century inventing places people remember more vividly than the things they did inside them. With his late partner Steve Rubell, the Brooklyn-bred impresario compressed a cultural epoch into Studio 54’s 33-month original run — and then, improbably, did it again in a second industry.

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