"Great rates! Reserve now and receive one night complimentary!" Ouch. Ian Schrager's Hotels are stylish, an unique experience and utterly expensive. When you compare the size of the rooms and the quality of the service with other hotels in this category, they're pretty much overpriced. Extravagant. Nothing is cheap, except some attitudes. There must be something wrong if they send out mailings telling how cheap it is to stay there now. For a limited time only!