Sahara India Pariwar is looking to put a lid on reports that it intends to sell The Plaza Hotel, Dream Downtown and the Grosvenor House in London.
Multiple overseas publications, including India’s DealCurry, reported that the assets were up for sale earlier this month, and later the New York Post reported Read More
As the sun set last Wednesday over Central Park, dozens of the city’s top real estate brokers gathered inside the triplex penthouse of the Plaza. They sipped proper drinks and nibbled quails egg and smoked salmon. They chattered about art and opera and books, the usual uptown pretensions, but also, and mostly, about recent deals. Read More
From this week’s Page Six magazine article titled "Pimping Out The Plaza Hotel":
"You go in there and you want to throw up," sniffs one high-end real estate broker who has sold residences at the Plaza. "The people sitting in the lobby look like vagrants, the service at the Palm Court is rotten, Read More
In a story in its January issue, Vanity Fair delves deep into the saga of El-Ad Properties, the Israeli company responsible for buying the Plaza Hotel and converting its well-loved, if aging, rooms into super fancy condos. The building’s high-profile buyers (who signed on for the apartments sight unseen), have been Read More
An anonymous restaurateur dishing to Vanity Fair on developer El-Ad’s efforts to drum up interest in the Plaza Hotel’s swank Oak Room and Oak Bar [via Eater]:
“They said, Well, if you don’t take it, Danny Meyer [owner of Manhattan’s Union Square Café and Gramercy Tavern] is going to take it. Read More
A penthouse buyer at The Grand Madison condo at 225 Fifth Avenue has sued El-Ad Properties for $6.4 million claiming fraud and a breach of contract, according to this morning’s Wall Street Journal. It’s the third lawsuit filed against El-Ad this year involving sales of apartments built on the roofs of existing buildings Read More
There’s a lovely red brick building on the edge of Tribeca that, like a child of divorcing parents, hangs in the balance—belonging neither here, nor there, and utterly empty inside.
Plaza owner El-Ad Properties bought 250 West Street, a 98-year-old building 11 stories tall, from Citigroup in 2006 for $142 million. Bank workers have Read More
The Plaza and 15 Central Park West better watch out, because a new ultra-luxe condo is coming to town and its developers are already claiming they will have the edge with an emergent, but increasingly lucrative, segment of the residential market: the Russians.
Earlier this week, Lev Leviev’s Africa Israel Investments announced Read More
The Irish equivalent of the Plaza is the Shelbourne Hotel, give or take a couple hundred condos.
Built in 1824, in a landmark building overlooking a park in the heart of Ireland’s capital, the Shelbourne has had a long reign as what The New York Times called "the princess of Dublin hotels." Read More
Jerry Kokes made his fortune selling boxing gloves. Now he’s moving into one of the most white-gloved buildings in the city. The founder of T.K.O. and his wife Lynda have paid $5.4 million for a 6th-floor condo at the Plaza, city records show.
The couple are currently based in Brielle, NJ. Read More