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Baccarat Hotel & Residences New York celebrated its Grand Opening

Barry Sternlicht, Chairman and CEO of Starwood Capital Group, and Zhang Weigong, Chairman & Founder of Sunshine Insurance Group celebrate the Grand Opening of Baccarat Hotel & Residences New York. Members of the Starwood Capital, SH Group and Sunshine Insurance teams, along with several notables including Martha Stewart, were on hand for a ribbon cutting and exchange of gifts between Mr. Sternlicht and Chairman Weigong.

Starwood Capital Group
New York, New York, United States

Barry Sternlicht, Chairman and CEO of Starwood Capital Group, and Zhang Weigong, Chairman & Founder of Sunshine Insurance Group celebrate the Grand Opening of Baccarat Hotel & Residences New York. Members of the Starwood Capital, SH Group and Sunshine Insurance teams, along with several notables including Martha Stewart, were on hand for a ribbon cutting and exchange of gifts between Mr. Sternlicht and Chairman Weigong. Read the original announcement about the sale here.

Development Development USA & Canada United States New York New York
Starwood Capital Group
Hotel GroupInvestment CompanyBrand Owner

Starwood Capital Group is a private, U.S.-based investment firm with a core focus on global real estate. Since the group's inception in 1991, the firm has raised more than $22 billion of equity capital and acquired over $44 billion in assets. Starwood Capital Group currently has $29 billion of assets under management. Starwood Capital Group maintains offices in Greenwich, Atlanta, San Francisco, Washington, D.C.

Baccarat
Brand by Starwood Hotels

Baccarat Hotels & Resorts launched in 2015 in New York, the first hotel and global flagship for the more than 250- year-old Baccarat crystal brand. Directly across the street from the Museum of Modern Art and steps away from Fifth Avenue's legendary shopping, the 114 exquisitely appointed guest rooms & suites designed to delight the senses with lavish finishes and artisanal attention to detail.