New York's landmark Plaza Hotel ready to sell for $600 million
New York's iconic Plaza Hotel has two new faces on the top floor.
Kamran Hakim, a major New York City landlord, and Shahal Khan, founder of a Dubai-based venture firm, have reached a $600 million deal to buy a majority stake in the hotel. The deal should close June 25, The New York Times reports.
Talks of new ownership started four years ago, but stalled until the Plaza's current owners hired a brokerage firm in April 2017, per Bloomberg.
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The Plaza is the only hotel on the National Register of Historic Places, per the Times, and has made dozens of pop culture cameos. In Home Alone 2: Lost in New York, Kevin McAllister asked a pre-presidential Donald Trump for directions to the majestic hotel's lobby.
Trump even owned the Plaza once, but lost it to bankruptcy in 1995, says the Times. The buyer, Saudi Prince Alwaleed bin Talal, still owns 25 percent of the hotel.
No word on the status of Eloise's penthouse living situation.
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Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.
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