The Plaza: The Most Famous Hotel in the World?
“The famous Plaza Hotel is scheduled to reopen at the end of 2007 with a 100 year anniversary celebration.”
The Plaza Hotel in New York City is a landmark 19-story luxury hotel that occupies the west side of Grand Army Plaza, from which it derives its name, and extends along Central Park South in Manhattan. Fifth Avenue extends along the east side of Grand Army Plaza. The Plaza is the second hotel of that name on the site. The French Renaissance château-style building was designed by Henry Janeway Hardenbergh and opened to the public October 1, 1907. The Plaza was accorded landmark status by New York City's Landmark Commission in 1969 and is, with the Waldorf-Astoria, the only New York City hotel to be designated as a National Historic Landmark.
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, Elad Properties. Elad closed The Plaza on April 30, 2005, to undergo extensive renovations.
After $350 million of renovation, The Plaza will reopen with 130 rooms and 152 condo-hotel units. Prices for the 152 condominium suites range from $1.6 million to more than $9 million which works out to $3800 to $6000 per square foot. Mike Naftali of Elad Properties, which is redeveloping the Plaza Hotel, is focusing on the most expensive condos with prices starting at $1.6 million for a one-bedroom suite. The hotel portion, to be managed by Fairmont Hotels & Resorts, will have HDTV’s wireless Internet access and a touchscreen for ordering room service, retrieving a car from the valet and making dinner reservations.
As a conclusion, the reopening of The Plaza at the end of 2007 is an incredible new for hotel industry (Employees & Clients). It is the renewal of a legend hotel. Landmark of New York like The Empire States Building, The Plaza is the hotel of the Stars and especially the Star of the hotels. With high quality of services, a very professional staff and an atmosphere of Palace, it is your home at New York. From my point of view, The Plaza is not the most famous in the world but certainly ONE of the most famous hotels in the world.
www.hospitalitynet.org/news/154000320/4030751.html
“The famous Plaza Hotel is scheduled to reopen at the end of 2007 with a 100 year anniversary celebration.”
The Plaza Hotel in New York City is a landmark 19-story luxury hotel that occupies the west side of Grand Army Plaza, from which it derives its name, and extends along Central Park South in Manhattan. Fifth Avenue extends along the east side of Grand Army Plaza. The Plaza is the second hotel of that name on the site. The French Renaissance château-style building was designed by Henry Janeway Hardenbergh and opened to the public October 1, 1907. The Plaza was accorded landmark status by New York City's Landmark Commission in 1969 and is, with the Waldorf-Astoria, the only New York City hotel to be designated as a National Historic Landmark.
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, Elad Properties. Elad closed The Plaza on April 30, 2005, to undergo extensive renovations.
After $350 million of renovation, The Plaza will reopen with 130 rooms and 152 condo-hotel units. Prices for the 152 condominium suites range from $1.6 million to more than $9 million which works out to $3800 to $6000 per square foot. Mike Naftali of Elad Properties, which is redeveloping the Plaza Hotel, is focusing on the most expensive condos with prices starting at $1.6 million for a one-bedroom suite. The hotel portion, to be managed by Fairmont Hotels & Resorts, will have HDTV’s wireless Internet access and a touchscreen for ordering room service, retrieving a car from the valet and making dinner reservations.
As a conclusion, the reopening of The Plaza at the end of 2007 is an incredible new for hotel industry (Employees & Clients). It is the renewal of a legend hotel. Landmark of New York like The Empire States Building, The Plaza is the hotel of the Stars and especially the Star of the hotels. With high quality of services, a very professional staff and an atmosphere of Palace, it is your home at New York. From my point of view, The Plaza is not the most famous in the world but certainly ONE of the most famous hotels in the world.
www.hospitalitynet.org/news/154000320/4030751.html
posted by Hugues at 10:36 PM
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