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New York's Plaza Hotel to go on sale next month

NEW YORK, March 17, 2016

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. – Reuters




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