Ian Schrager is an entrepreneur, hotelier and real estate developer often associated with the creation of boutique hotels. He gained fame as co-owner and co-founder, with Steve Rubell, of famed nightclub Studio 54 in 1977 and then the Palladium in 1985. He currently runs Ian Schrager Company which owns, develops, and manages hotels, residential, and mixed-use projects. He has collaborated with Julian Schnabel to transform the fabled Gramercy Park Hotel in New York City. Schrager has also created two groundbreaking residential properties: 40 Bond and 50 Gramercy Park North. 40 Bond was designed by Swiss architects Herzog & de Meuron as their first residential project in America. Schrager is currently working on two new hotel brands. Bob Colacello, a special correspondent for Vanity Fair, was the editor of Interview Magazine for 12 years and is the author of several books, including Holy Terror: Andy Warhol Close Up.