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New York’s Baccarat Hotel Fetches Record Valuation from Chinese Buyer

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Source: The Wall Street Journal

New York’s Baccarat Hotel has yet to check in a single guest, but it is about to become the most highly valued hotel in the U.S. after a Chinese insurer agreed to buy it for more than $230 million … The opulent 114-room property features 15,000 pieces of crystal stemware and 17 chandeliers from France’s Baccarat factory.

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