A businessman is eyeing to bring the famous Plaza Hotel to the UAE by 2020 by financing its $415 million expansion here.
The 111-year-old legendary hotel which is currently located at the corner of Fifth Avenue and Central Park South could be the latest addition to White City Ventures’ chain of businesses, reported The National.
According to Shahal Khan, founder of the company, they are targetting Abu Dhabi as the location of the first Plaza Hotel in the UAE.
The deal for Plaza Hotel’s expansion which reportedly costs billions of dirhams, of which Khan is a majority stake investor, is scheduled to be closed by June 25.
Khan also plans on visiting the UAE this coming summer as part of bringing Plaza Hotel to the country.
The said hotel has been featured in several films from North By Northwest starring Cary Grant to the 2013 remake of The Great Gatsby which starred Leonardo DiCaprio.
