Dubai

Thursday, 17 May 2018

Dubai-based investor, Shahal Khan buys New York's iconic Plaza Hotel that appeared in #HomeAlone 2

The Plaza Hotel in New York City has been sold for $600million to a Dubai-based investor who plans to open a second hotel under the brand in the Middle East.
The Plaza Hotel in New York City has been sold for $600million to a Dubai-based investor
The historic hotel on Fifth Avenue in NYC has appeared in numerous movies and TV shows and is frequented by the rich and famous including several US presidents, costing nearly $1,000 per night. Built in 1907, the iconic building has had several different owners, including President Donald Trump, who had to sell it while filing for bankruptcy in the 1990s.

On Sunday investor Shahal Khan announced his company White City Ventures had teamed up with American real estate tycoon Kamran Hakim to purchase the hotel for a cool $600million. The two are now planning to expand the brand far outside of Midtown Manhattan by setting up a sister hotel in the United Arab Emirates by 2020. 'The Plaza is very unique but has never been made into a global brand,' he told AFP. The Plaza's current owner is Subrata Roy of the Sahara Group.
Back when Donald Trump owned the Plaza in the 90s, he appeared in a scene of the movie Home Alone 2 that was filmed at the hotel
The Plaza, located on Fifth Avenue in Manhattan, underwent a $450million renovation in 2007
The hotel is known to have hosted many important figures including several US presidentsBuilt in 1907, most of the rooms are decorated in a contemporary style with gold trimmings
The new owner has said he plans to open a sister hotel somewhere in the Middle East by 2020
Khan said the Plaza deal has been signed, and the deed will formally change hands on June 25
Khan told AFP: 'The Plaza is very unique but has never been made into a global brand'
It usually costs around $1,000 for a night's stay at the iconic 19-story, 282-key hotel
The historic hotel on Fifth Avenue in NYC has appeared in numerous movies and TV shows

2 comments:

  1. Boluwatife Adeosun17:44

    Indians are ruling in this your Dubai!

    ReplyDelete
  2. Denrele Yusuf17:48

    600 million dollars and I don't even have 60 dollars?

    ReplyDelete

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