Baccarat Hotel to Open in New York in 2014

The project is a partnership between Starwood Capital and Tribeca Associates, a New York-based real estate development and acquisitions company.

The $403 million development will include 115 hotel rooms with some rates that Starwood said will exceed $800 a night and 64 residences that the real-estate investor hopes will be among the city’s most expensive on a square-foot basis.

The hotel looks to capitalize on the tony image of Baccarat Crystal, the French manufacturer of fine glassware that Starwood acquired in 2005.

The hotel will feature Baccarat chandeliers, a boutique store selling crystal with price tags up to $10,000, and crystal museum pieces that will rotate through the lobby.