The last place we'd expect to find Kendall Jenner, Hailey Bieber, Joan Smalls, and Cara Delevingne partying in New York? Times Square, for one. But now that Ian Schrager's EDITION hotel empire has expanded to the infamously touristy area, the bright lights and billboard-laden epicenter has certainly earned some cool points.

Last night, A-listers toasted the opening of the new Times Square EDITION with an elegant, candlelit dinner at The Terrace Restaurant by John Fraser, followed by a raucous rager inside The Paradise Club. The night culminated with an epic surprise performance by Diana Ross and Nile Rodgers, causing the crowd to go wild. After all, if anyone knows how to throw a party, it's Schrager.

Click through for an inside look at the star-studded evening!

[Photo by Dimitrios Kambouris/Getty]