1 BR @ Plaza, no park view: $2M
New York's Plaza hotel goes condo, with 181 posh units and a new mall area.

NEW YORK (CNNMoney.com) - The first condos have gone on sale in one of the most storied of New York hotels, the Plaza, and they're anything but cheap.

Prices start at $2 million for an 1,100-square-foot one-bedroom condominium -- and that's for one that doesn't have views of Central Park -- and max out at $32.5 million for the penthouse, the New York Daily News reported Tuesday.

The Plaza hotel, soon to turn 100, has gone condo.
The Plaza hotel, soon to turn 100, has gone condo.

A one-bedroom facing the park will set you back a cool $4.5 million, the newspaper said.

The hotel is being renovated and converted into a mixed-use apartment complex with 181 condominiums and high-end retail stores. An Israeli company, Elad, bought it for a record $675 million in the fourth quarter of last year.

The renovation has not been without controversy, as groups have argued that the mall will detract from the hotel's historic integrity.

"It isn't part store, part hotel, part condo," Elizabeth Ashby, president of New York's Historic Neighborhood Enhancement Alliance, told the Daily News. "It is The Plaza."

Donald Trump owned the hotel from 1988 to 1995, and married Marla Maples there in 1993. Michael Douglas and Catherine Zeta-Jones were married there in 2000.

The hotel will soon celebrate its 100th birthday -- it debuted to the public in October 1907.


For all the latest headlines in Real Estate, click hereTop of page

Follow the news that matters to you. Create your own alert to be notified on topics you're interested in.

Or, visit Popular Alerts for suggestions.
Manage alerts | What is this?