The New York Plaza hotel managed by Fairmont Raffles Hotels International (FRHI) in which Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed bin Talal bin Abdulaziz Alsaud, holds a 58.1% controlling interest, has earned the esteemed AAA’s Five Diamond Rating for 2010.
Earlier this year, KHC had announced the reopening of The Plaza, one of New York’s most distinctive landmarks that underwent a $400 million renovation, and is owned 50% 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.
In 2006 Kingdom and Colony completed a $5.5 billion Acquisition of Fairmont Hotels & Resorts which was combined with the Raffles Hotels Group.
