Baccarat Hotels & Residences will have a decidedly global tilt as Starwood Capital Group looks to develop the brand.
During a break at the Hotel Equity and Lender Perspectives conference in early May—which was held in Boston—Starwood Capital’s Kevin Colket, vice president of acquisitions said future openings will occur in places such as Morocco, Western Europe and China. Starwood Capital in late April announced the 114-room Baccarat New York is expected to open in the United States in 2014.
Baccarat already has somewhat of a global presence with a property in Shanghai. The brand is also targeting a 2013 opening for a 357-room property in Dubai.
Colket declined to say how many hotels might be in Baccarat’s pipeline.