New York Plaza Hotel
Israeli billionaire Yitzhak Tshuva, the owner of the Plaza Hotel in New York City, recently sold an apartment in the project for more than $50 million – the highest price ever paid for a flat in the city, the New York Daily News reported Saturday.
A spokesman for the El-Ad Group, owned by Tshuva, told the American newspaper that he could not confirm or deny the details.
The new Plaza project, located on Fifth Avenue, is expected to open in October.
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The New York Observer, quoting real estate sources in the city, reported that the highest price registered so far for an apartment in New York City was $45 million, and the purchaser was hedge fund sovereign Daniel Loeb.
Tshuva purchased the Plaza on August 2004 for $675 million, and closed it down for renovations at the cost of $400 million. When the building reopens, it will turn into a complex of small apartments, luxury flats and a hotel. It will include 182 private apartments, 130 hotel rooms and 152 residential units.