Find the best jobs now and
be notified by email.
–
–
–
According to the information, the Plaza will be sold as a package with the Hotel Dream Downtown. This is a trendy hostel in Manhattan’s Chelsea neighborhood, one block away from the High Line Park, which has emerged over the past few years.
The two hotels act as collateral for the Bank of China loan and are cross-secured with the London hotel Grosvenor House. The Dream Hotel is owned by Roy von Sahara as well as Chatwal. The total mortgages for the two New York homes are said to be around $ 500 million.
Alexander Bushaev, a spokesman for the Reuben brothers, did not want to comment on the possible foreclosure when asked by Bloomberg. Calls and emails to Roy and Alwaleed asking for comments were not promptly replied to.
The sale of the Plaza, where the so-called Plaza Agreement for the devaluation of the US dollar was signed in 1985, comes at a time when investors are showing great interest in so-called real estate trophies.
The Chinese Anbang Insurance Group only paid $ 1.95 billion last year for the well-known Waldorf Astoria Hotel, which is also located in Manhattan.
And that month, Anbang Insurance agreed to acquire Strategic Hotels & Resorts, a luxury property owner. The purchase price should therefore amount to 6.5 billion dollars. In addition, the Chinese made a surprising offer worth around 13 billion dollars for the American hotel group Starwood Hotels & Resorts Worldwide before.
–
– .
Related