Plaza Hotel reopens in NY

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Fairmont Raffles Hotels International (FRHI) in which Kingdom Holding Company (KHC) chaired by Prince Alwaleed bin Talal holds a 58.1 percent controlling interest has announced the reopening of The Plaza, one of New York’s most distinctive landmarks. The hotel underwent a $400 million renovation, and is owned 50 percent by KHC.

The ultimate luxury lifestyle destination, the new Plaza features lavish hotel rooms, private residences, destination restaurants, an exclusive retail collection, and state-of-the-art meeting and event spaces. The Plaza offers 282 guestrooms and suites, including 102 elegant suites in seven distinct designs and a five star service. Each room and suite has been designed to reflect the grace of a glorious past, and updated with contemporary conveniences.

P.J. Shoucair, executive director for international investments at KHC, commented: “We are very excited at the opening of the new Plaza Hotel after an extensive renovation. The Plaza was and will continue to be a landmark hotel in New York City, under the management of Fairmont.”