News / press releaseAug 1, 2004
The Plaza Hotel — sale to El-Ad
The Plaza Hotel · 808 keys · Luxury
Consideration
$675.0M
$835k / key
El-Ad acquired The Plaza for $675 million. Subsequent condo conversion cut hotel keys. Use 808 rooms for this tape, not today’s hotel count. Historic file — do not apply 2004 PPK to a 2026 underwriting without a time adjustment.