June 24, 2016 Comments Off on $1B+ in Potential CRE Sales, Including Plaza Hotel Views: 480 California News, New York News, Northeast

$1B+ in Potential CRE Sales, Including Plaza Hotel

By: Daniella Soloway

Following a canceled auction of New York’s iconic Plaza Hotel, an anonymous member of the Saudi royal family and London-based 3 Associates are in talks to buy the Manhattan property.

They are reportedly speaking to its owners, India’s Sahar Group, to acquire the Plaza for about $352 million. The prospective buyers have tapped Knight Frank to prepare a formal bid.

According to sources, the group also is looking into buying the Grosvenor House in London for $882 million, as well as New York’s Dream Downtown Hotel for $235 million.

In other Plaza Hotel news, TV financial guru Suze Orman recently sold her one-bedroom Plaza Hotel apartment for a reported $4 million.

Read More at NY Post


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