Baccarat Hotel to open in New York in 2014

Baccarat Hotel & Residences New York, a partnership between Starwood Capital and Tribeca Associates, is set to open in 2014, just in time for Baccarat's 250th year anniversary.

Designed by the award-winning architects of Skidmore, Owings & Merrill (SOM), the striking 50-story glass tower will feature 60 private residences designed by Tony Ingrao that range in size from one- to four-bedrooms, including four full-floor units and one five-bedroom penthouse duplex with outdoor terrace. In addition, the tower will feature a 114-room luxury hotel that will be the global flagship for Baccarat Hotels.

"Reflecting the elegance and prestige of Baccarat, the new Hotel & Residences will be a landmark destination in the heart of Manhattan," said Barry Sternlicht, Chairman and CEO of Starwood Capital Group. "It will provide an unmatched experience for guests and residents to admire the company's artisanship and commitment to perfection in both service and design."

Residential owners will have complete access to all luxury hotel amenities and services including personal concierge and housekeeping services, 24-hour in-residence dining and access to the beautifully designed spa, indoor pool and fitness facility. The hotel will also feature a standalone "crystal bar" surrounded by an outdoor Tuileries-style terrace, and a bustling bar and restaurant.

With prices ranging from approximately $3.6 million to $60 million, Baccarat Residences offers layouts from approximately 932 square feet to 7,381 square feet, with the option for buyers to combine units. The Baccarat Residences New York sales center, located at 680 Fifth Avenue at 54th street, is open and accepting appointments. Corcoran Sunshine Marketing Group is managing all sales and marketing efforts for Baccarat Residences.