Starwood Capital chairman and CEO Barry Sternlicht says the newBaccarat Hotels and Resorts line will feature between 80 to 250rooms/residences. The first property to be located in Wailea, HI,will consist of 193 condominium homes ranging in size from 980-sf,one-bedroom units to 3,330-sf, four-bedroom residences. TheBaccarat Wailea will be followed by other Baccarat propertiesplanned for locales in the Caribbean, US, Europe and the Far East,Starwood Capital officials say. Among the many amenities plannedfor the Baccarat properties will be signature Baccarat crystalchandeliers.

A controlled affiliate of locally based Starwood Capital owns86% of the shares of the Baccarat company, which it acquired aspart of the firm's purchase of Societe Du Louvre in 2005. StarwoodCapital Group's Sternlicht also serves as chairman of Societe DuLouvre.

"Baccarat Hotels and Resorts will personify the pride andimpeccable attention to detail that has made baccarat one of theworld's select few names that define and shape luxury," Sternlichtstates. "I am extremely excited for the opportunity to displayBaccarat's extraordinary and distinctive pedigree in a new andunique way at some of the most breathtaking locations around theworld. These hotels will serve as living innovation labs for theBaccarat brand as we move the parent company into today's fashionand design world."