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The Plaza Is for Sale, but a Part-Owner Has Other Ideas

“We are not selling our stake and are comfortable with our rights relating to any sale by others,” said Sarmad Zok, chief executive of the prince’s company, Kingdom Hotel Investments . “We are proud to have partnered with Ashkenazy to reinstate the glory of this unique asset.” The partners have a plan for an extensive modernization program to better compete with other five-star hotels in Manhattan and to reopen areas of the hotel that have been bogged down in renovations. The Plaza’s famous Oak Room and the wood- paneled Oak Room Bar have been closed for the past six years. Whether Mr. Roy and Sahara truly intend to sell or are merely trying to bolster the price, they appear to be pressing forward. “We’ ll solicit bids ,” said Jeffrey Davis, an international director of JLL, who is overseeing the bidding for Sahara. “It’s the most iconic real estate asset in the world. It’ ll garner international attention .” Mr. Davis declined to comment on whether Kingdom Hotel Investments has ...

The Plaza Is for Sale, but a Part-Owner Has Other Ideas

“We are not selling our stake and are comfortable with our rights relating to any sale by others,” said Sarmad Zok, chief executive of the prince’s company, Kingdom Hotel Investments . “We are proud to have partnered with Ashkenazy to reinstate the glory of this unique asset.” The partners have a plan for an extensive modernization program to better compete with other five-star hotels in Manhattan and to reopen areas of the hotel that have been bogged down in renovations. The Plaza’s famous Oak Room and the wood- paneled Oak Room Bar have been closed for the past six years. Whether Mr. Roy and Sahara truly intend to sell or are merely trying to bolster the price, they appear to be pressing forward. “We’ ll solicit bids ,” said Jeffrey Davis, an international director of JLL, who is overseeing the bidding for Sahara. “It’s the most iconic real estate asset in the world. It’ ll garner international attention .” Mr. Davis declined to comment on whether Kingdom Hotel Investments has ...

Pentonville, Newport, NP20 - 1 bed - £125,950 - Roberts & Co

Bedrooms: 1 An exceptionally well presented One Bedroom Apartment on the top floor of the highly desirable Grade II listed Shire Hall development . Just a stone throw away from Newport city central train station and Friars Walk with its shops, bars & restaurants, Shire Hall captures the history and extravagance of the Edwardian era whilst blending a high specification modern decor to each of the individually designed apartments . Accessed via a secure telecom system , you enter the communal areas with its restored Terrazzo flooring passing by the imposing marble columns and climbing the ornate sweeping staircases until you reach the apartment front door . Once in to the apartment you are greeted with the ultimate open plan living space , full of period features, high ceilings, character and flooded with natural light through its numerous large sash windows . Straight ahead from the entrance hall is a large double bedroom with a walk-in wardrobe and fitted furniture provi...