Ian Schrager is elated and justifiably so. Just the night before, on June 6, the man often credited with being the pioneer of the boutique hotels movement in the U.S. opened his latest hotel: the 370-room Public in New York City’s Lower East Side neighborhood, complete with nearly 1,500 revelers and featuring a performance from Patti Smith. “This morning was magical for me,” Schrager said. “It’s like all hell breaks loose, and the next morning you’re anticipating all this damage, but nope, everything is perfect.” [Link]