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1674-8 Ian Schrager PRT Choose print destination or operation STANDARD ALTERNATE TO SII TRANSFER CANCEL ♦TRANSFER Choose item to transfer DOCUMENT HEADLINE-LST CURR-ITEM ♦DOCUMENT Enter document number to transfer ♦78 Pause after every page? YES NO ♦NO Printing . . . Press [RETURN] to continue or type q to return to Menu: ♦ mh94 BEACH OKS DELANO RENOVATION 01/12/1994 THE MIAMI HERALD Copyright (c) 1994 , The Miami Herald DATE: Wednesday, January 12 , 1994 EDITION: FINAL SECTION: BUSINESS PAGE: 1C LENGTH: 42 lines ILLUSTRATION: photo: The DELANO HOTEL SOURCE/CREDIT LINE: ANTHONY FAIOLA Herald Business Writer BEACH OKS DELANO RENOVATION New York millionaire Ian Schrager, who first rocked Manhattan with his Studio 54 and Palladium nightclubs and then created the stylish Royalton and Paramount hotels, cleared the final hurdle Tuesday in his plans to turn South Beach' s dilapidated Delano Hotel into a five-star "urban resort. " /During an hourlong hearing before Miami Beach' s strict Design Review Board, Schrager won permission to restore the 1947 Deco gem created by architect B. Robert Swartburg. His elaborate plans call for a $21 million renovation, turning the property into the only luxury, five-star hotel on South Beach. "The idea is to do a next-generation urban resort that will keep a new generation of visitors coming to Miami Beach, " Schrager said. Renovations will begin this month, with plans for an opening in December, he said. Then, the 230-room Delano, now little more than a pink husk at 1685 Collins Ave. , will be painted a mono-chromatic white to capture the decorative Deco nature of the building' s design. Inside, a soft sea green interior will surround new hardwood floors. The pool -- to sport underwater patio furniture -- will be 40 feet wide by 150 feet long. Schrager, who served a 20-month jail term for siphoning cash from his nightclubs, bought the abandoned Miami Beach hotel in early 1993 for $4 million. Ocean Bank of Miami provided a $10 million mortgage for purchase and development. Schrager said he has another $10 million for renovations from a Wall Street investment firm, which he declined to name. In 1984 , he branched out from nightclubs and renovated a midtown Manhattan flophouse called the Morgans. Since then, he has opened the Royalton and the 610-room Paramount, both designed by Frenchman Philippe Starck, who will do the Delano' s rehab as well. Schrager' s trademark is to create a fashionable hotel with an intriguing lobby, but charge inexpensive. Miami Herald file / 1993 FIVE-STAR PLANS: The Delano Hotel is scheduled to open in December. TAG: 9401030337 78 of 80, 6 Terms Transfer complete. Press [RETURN] to return to Menu: • Type first letter of feature OR type help for list of commands FIND MOD PRT S-DB DB OPT SS WRD QUIT •DB Choose database feature MODIFY DEFINE ALL_MH MH98-00 EN_ALL EN98-00 LIST_CODES ♦DEFINE Enter database codes •mh95 Type first letter of feature OR type help for list of commands FIND MOD PRT S-DB DB OPT SS WRD QUIT ♦FIND Enter search statement (mh95 ) ♦schrager DOC DATE FREQ LINES DB HEADLINE 1 12/18/1995 6 68 mh95 KING MANGO 2 12/16/1995 1 64 mh95 ARISTIDE: 3 12/03/1995 4 226 mh95 ABSOLUTELY DELANO 4 12/01/1995 2 98 mh95 5 12/01/1995 1 45 mh95 ARISTIDE: 6 11/28/1995 1 72 mh95 HAITI 7 11/20/1995 2 114 mh95 U.S. , ARISTIDE: BEST BUDDIES NO MORE 8 11/12/1995 2 70 mh95 CHRISTMAS ' S MEANING 9 11/12/1995 1 126 mh95 10 11/12/1995 1 114 mh95 11 11/01/1995 2 45 mh95 GALA TO MAKE WISHES COME TRUE FOR 20 TERMINA 12 11/01/1995 1 83 mh95 METRO COMMISSION AIDE ARRESTED ON DRUG CHARG 13 10/15/1995 2 252 mh95 IS SOUTH BEACH LOSING ITS COOL? 14 09/30/1995 4 62 mh95 DETAILS, DETAILS 15 09/23/1995 1 47 mh95 HAITI ACCUSES U.S. OF HELPING SUSPECTED ASSA 16 09/16/1995 1 130 mh95 INTERVENTION IN HAITI SLOWLY RESTORING PEACE 59 Docs Pg 1 of 4 Type first letter of feature OR type help for list of commands FIND MOD PRT S-DB DB OPT SS WRD QUIT • DOC DATE FREQ LINES DB HEADLINE