Millennium Hotels Group to sell New York Plaza for €551m

Hotels group Millennium & Copthorne today said it was selling its prestigious Plaza hotel in New York for about €551m.

Millennium Hotels Group to sell New York Plaza for €551m
Fri, 13 Aug, 2004 - 11:12

Hotels group Millennium & Copthorne today said it was selling its prestigious Plaza hotel in New York for about €551m.

Millennium said the joint venture which runs the Plaza, Plaza Operating Partners – in which the group has a 50% stake – had agreed to sell the hotel to CPS One, an affiliate of US property investment group El Ad Properties.

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CourtsBusinessHeathrowPlace: New YorkPlace: USPlace: ManhattanPlace: Fifth AvenuePlace: SurreyPlace: LondonPlace: AsiaPlace: GatwickPlace: UKPerson: Michael DouglasPerson: Catherine Zeta-JonesPerson: ChairmanPerson: Kwek Leng BengPerson: Tony PotterPerson: Wong Hong RenPerson: PotterEvent: Iraq warOrganisation: Millennium Hotels GroupOrganisation: New York PlazaOrganisation: Millennium & CopthorneOrganisation: Plaza HotelOrganisation: MillenniumOrganisation: Plaza, Plaza Operating PartnersOrganisation: CPS OneOrganisation: El Ad PropertiesOrganisation: CPSOrganisation: PlazaOrganisation: HollywoodOrganisation: M&C
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