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“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 ...

“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 ...

One of Manhattan's most iconic landmarks just hit the real estate market , and is poised to become one of the most expensive per- room hotel sales in history: The Plaza is currently being sold for an asking price of $500 million, but experts say will probably fetch quite a bit more. "June at the Plaza." It's not just a semi-throwaway line in the 2009 rom com Bride Wars starring Kate Hudson and Anne Hathaway. It's also a cherished rite of passage and tradition each year for New York brides and high society alike — white tie parties, afternoons of high tea, and evenings filled with literary salons, much celebrating and culture has revolved around The Plaza. The Wall Street Journal reports that the iconic hotel on Fifth Avenue at Central Park South has just hit the market for $500 million, but will probably fetch closer to $560 million — after a $ 450 million renovation investment by the current owners, India's Sahara Group, less than a decade ago in 2008....

If R.A. Long were to step inside the Monticello Hotel today , he would find it looking much like it did when he was busy founding the city of Longview in 1923. The historic hotel , the first major building to rise in the new town, is nearing the end of a multimillion- dollar renovation . It is packed with turn-of-the-century antiques and old paintings. The ceiling plasterwork of its Crystal Ballroom, long covered by a drop ceiling, is fully restored, and the arched ceiling is again flanked by plaster columns. Mr. Long would find plenty of new features, too: a red-hued “speakeasy” with burgundy wood bar , crystal chandeliers, a stage for performers and dozens of newly-renovated apartments in the second and third floors. Ten months after purchasing the iconic property for $2.8 million, the new owners are celebrating the complete remodel of the Crystal Ballroom and progress in other areas of the hotel’s renovation with a Prohibition- era themed party Friday night . The sold-out party is e...

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● RELATED RENTALS Leasing launched at One Hudson Related Rentals announced the launch of leasing at One Hudson Yards, its 33- story luxury rental building at 530 West 30th Street . The tower features architecture by Davis Brody Bond , layouts by Ismael Leyva Architects and interiors by Andre Kikoski Architect . Benjamin Joseph, executive vice president at Related Companies , said, “The building provides a comprehensive lifestyle experience with best-in-class amenities and a prime location on the High Line at Hudson Yards.” The stone and glass building overlooks Heatherwick Studio ’s interactive design piece Vessel and The Shed, a new center for artistic invention designed by Diller Scofidio + Renfro in collaboration with Rockwell Group . One Hudson Yards has 178 apartments ranging from one- to three-bedrooms with one four-bedroom home on the penthouse level. Each apartment has 10 ft. ceilings, wide- plank grey oak floors , and extra-tall windows, a modern curtain wall façade an...

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Château d'Artigny As we drove up the hill and around the bend, a magnificent, regal château suddenly appeared and took my breath away. Perfectly symmetrical with a large garden and pond with fountain in front and framed by trees in the background, the Château d’Artigny is truly one of the most sumptuous places I have ever stayed. With 56 rooms, eight lounges, two dining salons, a pool and spa, guests are well taken care of. Located in Montbazon in the Loire Valley, 15 kilometers from Tours, the 65 acre grounds are a manicured oasis of quiet nestled on a hill looking out over the Indre Valley with the Indre River flowing peacefully below. Besides the château, there are two smaller properties, Ariane Pavillon and Fragrance House, that also include guest rooms . Château d’Artigny As I entered the spacious Belle Époque lobby, I was overcome by its size, beauty and grandeur. Though there is an elevator, glide up the elegant curving staircase that leads to rooms on the first floor. Pas...