Originally Posted by Road King
We were in NYC in December and the hotel appeared to be closed and under major construction or re-model. Any idea how they plan to "alter" the integrity of the building? We really couldn't see much of what was going on.
This info from
wiki should help:
Trump sold it for $325 million in 1995 to a partnership between Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud and Millennium & Copthorne Hotels. They sold it in 2004 for $675 million to Manhattan developer, Elad Properties. The Plaza closed on April 30, 2005, to undergo extensive renovation and is projected to reopen in early 2007. When the renovations are complete, the Plaza will have 282 hotel rooms, including 152 condo hotel units and be managed by Fairmont Hotels and Resorts.