oh Armap ..you must have been an editor in your past life..lolNo in a past life, some years ago I was doing proofreading for Project Gutenberg. :)
you say potAto and i say potatoNo, I say "batata". ;)
Billionaire brothers David and Simon Reuben hold the mortgage on the five-star hotel and have scheduled a foreclosure auction for April 26, according to a person with knowledge of the matter, who asked not to be named because the sale hasn’t been made public yet. The Reubens bought the loan from Bank of China Ltd. after a default by the property’s current majority owner, Sahara India Pariwar, last year. Sahara is controlled by Subrata Roy, who was imprisoned in India in early 2014 for defrauding investors.
Donald Trump bought the Plaza in 1988 and married his second wife, Marla Maples, there. Trump sold it to a group including Prince Alwaleed bin-Talal of Saudi Arabia, who then sold it to Israel’s Elad Group, which converted some of the hotel rooms to condominiums. Bin-Talal retains a minority stake in the Plaza, as does an entity tied to hotelier Sant Singh Chatwal.
The sale of the Plaza -- the site of the 1985 signing of the historic Plaza Accord to devalue the U.S. dollar -- comes at a time of strong investor interest in trophy real estate. China’s Anbang Insurance Group Co. last year paid $1.95 billion for Manhattan’s landmark Waldorf Astoria hotel, and this month agreed to buy Strategic Hotels & Resorts Inc., an owner of luxury properties, for about $6.5 billion, according to people with knowledge of the matter. It also has made a surprise $12.9 billion bid for Starwood Hotels & Resorts Worldwide Inc.