The Plaza Hotel: Iconic Plaza Hotel sold to Qatar for $600 million

A fund owned by the government of Qatar has purchased the historic Plaza Hotel in a $600 million deal, according to Reuters sources. Katara Holdings, a Qatari-owned hospitality fund, bought the hotel from Sahara India Pariwar, an Indian business group that was the majority owner of the hotel. The deal closed Monday, and Katara and Sahara had reportedly been talking about a potential deal since April. Sahara has been trying to sell the lucrative New York City property for years. Last year the...