• Starwood aims for NY record
Starwood Capital is sounding out investors to buy its Baccarat Hotel in New York. It is aiming for a record-breaking USD2m a room for the 114 room property, reports the New York Post.

 
The hotel is due to open next year, and Starwood aims to retain management via its SH Group. The property has luxury residences topping the tower at W53rd Street, but these are being sold separately at up to USD60m each. 
Read the full story here:
http://nypost.com/2014/06/12/starwood-seeking-buyer-for-baccarat-hotel/
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