Deals
Alwaleed to Keep Stake in Plaza Hotel After Offer Made
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Kingdom Holding Co., controlled by Saudi billionaire Prince Alwaleed bin Talal, plans to retain its stake in the Plaza Hotel after Sahara India Pariwar reportedly made an offer to buy the New York icon.
“Kingdom isn’t planning on selling at this point in time,” Charles Henry, a spokesman for the company, said today in a telephone interview. “The prince’s objective is to be a long-term investor in this kind of iconic asset.”