Barry Sternlicht, Chairman and CEO of Starwood Capital Group, is pleased to announce the
appointment of Hermann W. Elger as Managing Director of Baccarat Hotel New York and Chief
Operating Officer of Baccarat Hotels and Resorts. In this role Hermann will oversee the day to day
operation of the flagship hotel, owned by China Insurer Sunshine Insurance Group, and play a
leadership role in the development of new hotels opened under the Baccarat Hotel brand in the
future. General Management USA & Canada United States New York New York