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Gramercy Closes Today, Awaits Acid Wash

Today's closing day at the Gramercy Park Hotel. After all our firesale coverage the past few weeks, we're shutting up about the place for awhile as hotelier Ian Schrager moves in to work his magic. What should we expect when the doors reopen in 2006? A source offers this to the British press: "Ian says it's going to be a traditional hotel, but a traditional hotel on acid." Two words: reserve now.
· Not swinging, but dying [Times Online]
· Gramercy Park Hotel, Now with Condos and Club [Curbed]