Subject: Sahara India near suite deal at Plaza Hotel Thu Jun 07, 2012 9:31 am
The Plaza Hotel’s majority owner is close to the finish line on a deal to sell its stakes in the landmarked property to the Sahara India Pariwar conglomerate for $450 million. “It’s a world-class asset and with one exception — the Waldorf-Astoria — is the most famous in New York and around the world, and those kinds of assets don’t come on the market that often,” said John A. Fox of PKF Consulting, who is not involved in the transaction. As reported in April by The Post, Sahara was to pay $200 million for all the luxury retail and commercial space that includes the shops, club and restaurants that are entirely owned by Yitzhak Tshuva’s private US real estate venture, The Elad Group.
