David McCaslin, president of Northwood Hospitality, shares his insights on how hotels can make the most out of partnerships with celebrity chefs. His hotel The New York Palace in New York City will debut a restaurant with chef Michel Richard later this year. "Michel has a major influence on the design of the restaurant and the management staff," said McCaslin. "He has full control of the culinary side, and he is a true partner on the operations side."

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