Saks Fifth Avenue owner developing luxury hotel, apartments in former department stores
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Aug 12, 2024
Saks Fifth Avenue is contemplating extending its brand to hotels and luxury apartments as it looks beyond a bleak retail landscape for growth, The Post has learned.
On the heels of the blockbuster announcement that Saks’ parent HBC inked a $2.65 billion deal to acquire rival Neiman Marcus, HBC is developing a hotel and 56 private residences in Beverly Hills and posh townhomes in Westfield, N.J. in the parking lot of a long-shuttered Lord & Taylor department store. Read more at NYPost.com.