While the Mondrian in LosAngeles is still hot enough to attract Lindsay Lohan and Britney Spears for recent postrehab binge fests, other properties have lost some luster.
Starting with Morgans Hotel in midtown Manhattan in 1984, Schrager opened nine hipper-than-thou hotels, including the Hudson and Royalton in New York, the Mondrian in LosAngeles and the Delano in Miami Beach.
While the Mondrian in LosAngeles is still hot enough to attract Lindsay (nyse: LNN - news - people ) Lohan and Britney Spears for recent postrehab binge fests, other properties have lost some luster.