Restoration Hardware dives into hotel business

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RH, previously Restoration Hardware, joined the hotel business this week by opening a boutique hotel, RH Guesthouse, in New York City's Meatpacking District.

The hotel has an in-house restaurant called The Dining Room on the main floor and a champagne and caviar bar in the cellar, according to the release.

The hotel has been "designed through a lens of privacy and luxury," Friedman said in a statement. On its website, for example, it asks guests to "refrain from taking photographs or posting the property on social media."

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