J.J. Goldberg: The Floating Palestinian Pep Rally – Forward.com

The Floating Palestinian Pep Rally The Plaza Hotel has had its ups and downs. Once the very  embodiment of Old New York elegance, it was purchased in 1988 by real estate billionaire Donald Trump, who said he would treasure it as a “masterpiece” but sold it in 1995 to pay for his divorce. The purchaser was Saudi Arabian billionaire Prince Al-Waleed bin Talal, a grandson of the kingdom’s founder and the second-largest shareholder in Rupert Murdoch’s News Corp. New Yorkers remember the prince for his $10 million donation to the wounded city in September 2001, which was turned down by an outraged Mayor Rudy Giuliani.In 2004 the prince sold the Plaza to arriviste Israeli real estate billionaire Yitzhak Tshuva, who disgruntled many New Yorkers by turning most of the hotel into condos. The renovated hotel-apartment complex is now managed for Tshuva by the Fairmont hotel chain, founded by American Jewish mega-philanthropists Ben Swig and Jack Weiler, but now owned by Prince Al-Waleed.

J.J. Goldberg: The Floating Palestinian Pep Rally – Forward.com – Read more…..

Blogged with the Flock Browser
Advertisements

Leave a comment

No comments yet.

Comments RSS TrackBack Identifier URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s