THE FOUR SEASONS CHARM OF PRINCE ALWALEED BIN TALAL

BEFORE YOU PROCEED TO READING THE NEW YORK POST ARTICLE ABOUT THE PRINCE WILLING "TO SAVE" (from whom and for whom?) THE NEW YORK PLAZA HOTEL pictured above --read my introduction about his FOUR SEASONS CHARM.

The blog Introduction by Bozena Sawa: YES, the Prince Charming has emitted his charm OF SORTS everywhere, every season. Yes, this article is about the pictured New York Plaza Hotel (years ago owned by our President Donald Trump, managed by his ex-wife Ivana) which sale–the author of this article says–got complicated. Don’t be a coward, Steve Cuozzo and complicate it some more !!! YOU KNOW, –you must know IF you are a good real estate journalist– The Prince Charming (of sorts) needs a little more complications in his life. For the fraud at the Miami Four Seasons Hotel –his training ground in screwing up investors to make millions. Check the Miami Court papers 2008–2010. I am sure you know the THREE LAWSUITS FOR FRAUD filed against the owners: Bin Talal, Bill Gates owning another 50 % of the FOUR SEASONS WORLD EMPIRE and the owners and top managers of the Millennium Partners, the developer. Two suits–led by ITALIANS– settled by the defendants who paid millions to the plaintiffs out of court, the 3rd suit FOR THE SAME CRIME… lost; victims are still bleeding !!! You remember, Steve ? Of course you do. You surely were one of the 100+ media people I bombarded with my letters asking for telling the TRUTH who refused to touch the case. Only one of you reacted…in 2010; a MIAMI TIMES journalist with his article appropriately entitled “MASSIVE FRAUD at THE MIAMI FOUR SEASONS “.

Anybody HONEST will no doubt make sure that COMPENSATING the Miami Four Seasons condo hotels investors of the 3rd SCREWED UP suit is our Prince duty –shared with Bill Gates and the Millennium Partners moguls. Before making the next hotel deal, such as the one described here. “First things first”. Back to you Steve Cuozzo. (end of Bozena Sawa’s introduction)

NOW proceed to the New York Post article. The picture above is by a Shatterstock photographer, used in the text published below.

THE NEW YORK POST

Shocking arrest of Saudi prince complicates Plaza sale

Steve Cuozzo

As if the intrigue-ridden struggle to sell the Plaza Hotel needed more drama, the shocking arrest of minority partner Prince Alwaleed bin Talal in Saudi Arabia came just as the iconic hotel’s India-based majority owner seemed close to choosing a buyer.

Plaza majority owner Sahara India Pariwar “could make a decision this week” on a suitor, said JLL international director Jeffrey Davis, who heads the New York office of JLL’s Hotels & Hospitality Group.

The Post reported last May that Alwaleed, who owned 25 percent of the Plaza, had teamed up with New York billionaire real estate investor Ben Ashkenazy to try to buy the 75 percent interest controlled by Sahara.

It couldn’t be learned Monday night whether the 50-50 Prince-Ashkenazy partnership — the two men now jointly own the 25 percent stake — was among the bidders.

Legally embattled conglomerate Sahara has tried repeatedly over the past three years to unload The Plaza, but Indian courts blocked sale offerings.

Sahara founder Subrata Roy has been in and out of Indian prisons over fraud and securities charges. Although he’s now free, Roy is still duking it out with prosecutors and government agencies.

Sahara tapped JLL to field offers for the hotel last summer. But The Plaza plot deepened over the weekend with Alwaleed’s arrest as part of a corruption probe by Saudi Crown Prince Mohammed bin Salman.

Davis insisted, “Nothing changes. While I don’t think anyone knows what’s really happening in Saudi Arabia, I wouldn’t relate it to The Plaza. Linking it to anything the prince owns here would be creating fake news.”

Davis said Ashkenazy, not the Alwaleed’s Kingdom Holdings, has “decision-making rights” regarding the partners’ Plaza involvement. “The way it’s structured, Ashkenazy has what’s basically a right of first refusal” on any outside offers for Sahara’s interest.

“If there’s a bona fide offer, he [Ashkenazy] has a certain length of time to match it” if he wants to,” Davis said.

see also

Saudi prince wants to save embattled Plaza Hotel

That surprised Lodging Investment Advisors CEO Sean Hennessey, a hotel-industry analyst and consultant who is not involved at The Plaza. “It would be highly unusual in a partnership like that where one side had unilateral decision-making,” he said.

Hennessey said Alwaleed’s arrest might give a buyer pause. “They’d have to be prepared to enter into an ownership enterprise where one minority owner is in jail,” he said of the prince, who’s actually being held at a Ritz-Carlton hotel in Riyadh.

It’s unclear how much a Plaza sale might fetch. Hennessey said, “Originally I would have expected over $1.5 million a key.” But now, in a limping hotel market, “something south of that.” The high-water mark for Manhattan luxury hotel sales was $2 million a key for the Baccarat in 2015.

The “Plaza Hotel” that’s for sale isn’t the whole landmark building, much of which was converted to luxury condo apartments. Rather, it includes 132 hotel guest rooms, 100 condo units that can be used as hotel rooms, and retail and food-and-beverage spaces. (The condo-hotel units aren’t to be confused with permanent condo residences.)

Alwaleed is said to be unhappy about The Plaza’s long-vacant restaurant and retail spaces. While the Palm Court and Todd English Food Hall seem to be thriving, the Oak Room and Oak Bar have been dark for years except for private events. The Fifth Avenue entrance lobby has looked forlorn since Italian designer Angelo Galasso closed his store in the Edwardian Room, which is also vacant.

Filed under luxury real estate , plaza hotel , prince alwaleed bin talal , realty check , saudi arabia

The blog Introduction by Bozena Sawa: YES, the Prince Charming has emitted its charm OF SORTS everywhere, every season. Yes, this article is about the pictured New York Plaza Hotel (years ago owned by our President Donald Trump, managed by his ex-wife Ivana) which sale–the author of this article says–got complicated. Don’t be a coward, Steve Cuozzo and complicate it some more !!! YOU KNOW, –you must know IF you are a good real estate journalist– The Prince Charming (of sorts) needs a little more complications in his life. For the fraud at the Miami Four Seasons Hotel –his training ground in screwing up investors to make millions. Check the Miami Court papers 2008–2010. I am sure you know the THREE LAWSUITS FOR FRAUD filed against the owners: Bin Talal, Bill Gates owning another 50 % of the FOUR SEASONS WORLD EMPIRE and the owners and top managers of the Millennium Partners, the developer. Two suits–led by ITALIANS– settled with the defendants millions out of court, one FOR THE SAME CRIME…lost; victims are still bleeding !!! You remember, Steve ? Of course you do. You surely were one of the 100+ media people I bombarded with my letters asking for telling the TRUTH. Only one of you reacted…in 2010; a MIAMI TIMES journalist with his article appropriately entitled “MASSIVE FRAUD at THE MIAMI FOUR SEASONS “.

Anybody HONEST will no doubt make sure that COMPENSATING the Miami Four Seasons condo hotels investors of the 3rd SCREWED UP suit is our Prince duty –shared with Bill Gates and the Millennium Partners moguls. Before making the next hotel deal, such as the one described here. “First things first”. Back to you Steve Cuozzo. (end of Bozena Sawa’s introduction)