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The Plaza New York, Now Open 400 M Make Over |
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Written by Mr Five Star
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 Try to book into The Plaza New York on your next trip. Stay in a part of American History.
Conrad Hilton bought the Plaza for $7.4 million in 1943 and spent $6.0 million to refurbish the original. Hilton called the Plaza the smartest hotel in America. Hilton later sold the Plaza when he bought the Waldorf-Astoria.
Donald Trump bought the Plaza for $407.5 million in 1988. Trump commented on his purchase in a full-page open letter he had published in The New York Times: "I haven't purchased a building, I have purchased a masterpiece — the Mona Lisa. For the first time in my life, I have knowingly made a deal that was not economic — for I can never justify the price I paid, no matter how successful the Plaza becomes." Trump sold the hotel for $325 million in 1995 to a partnership between Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud and Millennium & Copthorne Hotels. It was sold again in 2004 for $675 million to a Manhattan developer, El Ad Properties.
El Ad closed The Plaza on April 30, 2005, to undergo extensive renovations. It reopened on March 1, 2008. When the renovations are complete, the Plaza is expected to offer 282 hotel rooms and 152 private condo hotel units and be managed by Fairmont Hotels and Resorts. In May 2007, a new apartment in the Plaza was sold for a record $50 Million.[1]
From the sumptuous décor to the impeccable white glove service, The Plaza is an extraordinary hotel that will offer its guests every indulgence. Amenities will include a world-class retail collection debuting in late spring 2008, featuring exclusive boutiques and purveyors of fine food, as well as health and wellness facilities to include a Caudalie Spa, Fitness Center by Radu, and Warren Tricomi Salon. Click here to go to the Plaza web site. Click here to go to the Fairmont site, this may be better.
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