End of an era at the New York Plaza

New York’s Plaza Hotel – for 98 years a watering hole and meeting place for kings and queens, presidents and stars – will close this spring to become luxury flats, shops and and a much smaller guest house.

The 805-room hotel will close before the end of April and reopen late next year with about 150 hotel rooms, 200 flats and multi-level shopping mall, Miki Naftali, president and chief executive of Elad Properties, said.