Melia Pro

Published on Thursday, July 5, 2018

Qatar group to buy iconic New York hotel



After years on the market, the New York Plaza Hotel is set to finally get a new owner.


Qatar's state-owned Katara Holding is reportedly buying the iconic property for a reputed $600 million, according to a source cited by Reuters.


India-based Sahara has been trying to offload its 75% stake in the Plaza for years.


The sale would mark the largest investment in a western hotel asset by a Qatari entity.





Landmark hotels including The Savoy and The Connaught in London are under Qatari ownership.


Neither Katara nor Sahara have confirmed or denied a deal is imminent.


The hotel, which has featured as a location in a number of major Hollywood movies, was once owned by Donald Trump.


Trump tied the knot with now ex-wife Marla Maples there in 1993.

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