More companies are getting into the hotel business, from home furnishing retailers to fitness clubs and film companies.

Not just any bar in New York City will offer you corn nuts in a coupe de champagne that took six artisans to craft from fine crystal. But that is how things are done in The Bar at Baccarat Hotel. With its prismatic glass facade and 114 light-filled suites (Champagne on speed dial, flutes at the ready), the entire property was created as a 21st-century embodiment of a French crystal brand founded circa 1764 by the royal decree of King Louis XV.

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