Starwood Capital Group has announced that it will open five hotels in the next two years under two new brands -- the luxury Baccarat Hotels & Resorts and the eco-minded lifestyle brand 1 Hotels & Residences. "With two revolutionary hotel brands entering the marketplace and five hotel openings in the next two years, we are confident that Baccarat and 1 Hotels will place Starwood Capital Group at the very forefront of the dynamic hospitality industry," said Barry Sternlicht, Starwood Capital's chairman and CEO.

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