Articles tagged “plaza hotel”

Qatar-Owned Company Buys New York’s Plaza Hotel But Legal Wrangling Continues

Qatar-Owned Company Buys New York’s Plaza Hotel But Legal Wrangling Continues

Patrick Clark and Gillian Tan, Bloomberg

No one said buying one of the world's most iconic hotels would be easy, and the Plaza sale seems to be a masterclass in hospitality wheeling and dealing.

1 year ago

Some of the Plaza Hotel’s Owners Are Suing Its Other Owners

Some of the Plaza Hotel’s Owners Are Suing Its Other Owners

Gillian Tan, Bloomberg

When it comes to selling and buying The Plaza Hotel, nothing is ever simple or easy, it seems.

1 year ago

Potential Buyers Emerge for Historic Plaza Hotel

Potential Buyers Emerge for Historic Plaza Hotel

Patrick Clark and Gillian Tan, Bloomberg

Will the iconic Plaza Hotel ever actually get sold?

1 year ago

New York’s Historic Plaza to Change Ownership in $600 Million Sale

New York’s Historic Plaza to Change Ownership in $600 Million Sale

Gillian Tan, Bloomberg

Uncertainty about the ownership of this iconic hotel has been going on for years. Let's just hope the new owners can maintain and, in some cases, restore the glamour and grandeur of it for generations to come.

1 year ago

New York’s Plaza Hotel Quietly Took on New Investor With Ambition

New York’s Plaza Hotel Quietly Took on New Investor With Ambition

Miles Weiss, Bloomberg

Manhattan sometimes seems like a Monopoly game board for Middle Eastern princes. One of the world’s richest businessmen, Saudi Arabia's Alwaleed bin Talal, may soon be outplayed in control of The Plaza by Qatari Sheikh Hamad bin Jassim bin Jaber Al Thani.

2 years ago

New York’s Iconic Plaza Hotel Is Up on the Auction Block

New York’s Iconic Plaza Hotel Is Up on the Auction Block

Hui-yong Yu, Bloomberg

The lesson from the Plaza is that if you're thinking of buying it, you're probably doing it for the wrong reason and it will end poorly. Better to be an operator like Fairmont than the person bragging about owning it.

4 years ago

Plaza Hotel Fails to Get Citi Bike Station Moved Away From Property

Plaza Hotel Fails to Get Citi Bike Station Moved Away From Property

Jennifer Peltz, Associated Press

While good for tourists and locals, the bike-share rack is considered an eyesore and disturbance to the Plaza Hotel, which is more concerned about its paying guests than the overall infrastructure of the city.

5 years ago

Hotel industry’s envy Sahara Group in $5 billion trouble at home in India

Hotel industry’s envy Sahara Group in $5 billion trouble at home in India

Veena Venugopal, Quartz

Sahara has been controversial from the beginning, and investors everywhere need to ask the hard questions before getting into business with it.

7 years ago

India’s Sahara Group plunks down $800 million for two New York hotels

India’s Sahara Group plunks down $800 million for two New York hotels

The mysterious and controversy-beset Sahara Group is the new powerhouse in town, though foreign sellers should be reading Indian media more closely before going too far down the line.

7 years ago

NYC Plaza Hotel sells for $570 million to India’s Sahara Group

Steven Scheer and Tova Cohen, Reuters

Sahara will be the sixth owner of the historic hotel, which has passed through both US and foreign hand since 1943. Guests won’t notice any changes in service as Fairmont Hotels continues its 13-year management.

7 years ago