Big news for New York's hospitality scene: Barry Sternlicht, chairman and CEO of Starwood Capital Group, has announced that the Baccarat Hotels & Residences will open in Manhattan.
Baccarat Hotel & Residences New York, a partnership between Starwood Capital and Tribeca Associates, a New York-based real estate development and acquisitions company, will open in 2014, just in time for Baccarat's 250th year anniversary. The project is located at 20 West 53rd Street, just off Fifth Avenue.
The hotel will have 114 rooms including 26 suites, as well as luxury residences that will go on the market in January 2013. Future Baccarat locations are planned in Rabat and Foshan, China scheduled to open in early 2014, followed by Dubai, Marrakech, and other locations in the Middle East and Asia.