Finance

New York’s Plaza Hotel to go on sale next month: Bloomberg

A general view of the Plaza Hotel in the Manhattan borough of New York August 18, 2014. REUTERS/Carlo Allegri Thomson ReutersA general view of the Plaza Hotel in the Manhattan borough of New York

(Reuters) – New York’s Plaza Hotel is set to go on sale in an auction next month, Bloomberg reported on Wednesday.

David and Simon Reuben hold the mortgage on the five-star hotel and scheduled a foreclosure auction for April 26, Bloomberg said, citing a source.

For sale are the Plaza’s hotel rooms, its restaurants and retail space. It’s being sold in a package that includes the Dream Downtown hotel, the news agency reported.

Plaza Hotel could not immediately be reached for comment.

(Reporting by Vishal Sridhar in Bengaluru)

Read the original article on Reuters. Copyright 2016. Follow Reuters on Twitter.

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