Two investors have reached a deal to buy a majority share of New York City’s historic Plaza Hotel for $600 million.
The New York Times reports that the buyers are Shahal Khan, founder of the Dubai-based White City Ventures, and Kamran Hakim of the Hakim Organization, a major New York City landlord.
The deal is scheduled to close on June 25.
The Times says Sandeep Wadhwa of the Sahara Group, which owns a 70 percent stake in the hotel, confirmed the deal.
The Plaza opened in 1907 and is the only hotel listed on the National Register of Historic Places.
It is famous as the home of the fictional mischief-maker Eloise and has been the setting for movies including “Home Alone 2.”
(AP)
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4 Responses
I find this article odd that it fails to mention Donald Trump used to own it. Oh wait! It’s AP. Not odd at all.
“and has been the setting for movies including “Home Alone 2.”
Donald Trump was in that movie…..
yasir koach to ywn for their worthwhile coverage of …..?
Once owned by Donald Trump who lost it in one of his several bankruptcies. He’s the guy whose tax plan will result in trillion dollar deficits. You know, the leader of the party of fiscal conservatives.