Wysłany: Czw 3:09, 05 Kwi 2007 Temat postu: News:bahamas clothing
Ownership
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. It was projected to reopen in early 2007. When the renovations are complete, the Plaza is expected to offer 282 hotel rooms, including 152 condo hotel units and be managed by Fairmont Hotels and Resorts.
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