GREENWICH, CT-Starwood Capital Group has revealed the timeline for its two previously announced brands—Baccarat Hotels & Resorts and the lifestyle eco-brand 1 Hotels & Resorts—which have yet to debut. The company will open three hotels in New York, one in South Florida and one in Morocco over the next 24 months.
Starwood’s hotel brand management company, SH Group, will open the Baccarat Hotel & Residences in New York; the Baccarat Hotel Rabat in Morocco; 1 Hotel & Residences South Beach, in South Beach, FL; 1 Hotel Central Park, in New York; and 1 Hotel Brooklyn Bridge Park in the next 24 months.
“What was once just an idea will soon be a reality,” says Barry Sternlicht, chairman and CEO of Starwood Capital Group. “With two revolutionary hotel brands entering the marketplace and five hotel openings in the next two years, we are confident that Baccarat and 1 Hotels will place Starwood Capital Group at the very forefront of the dynamic hospitality industry.”