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The Plaza Hotel At New York City - Research Paper Example

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This is one of the oldest hotels in New York, as it was founded back in 1907, on the first day of October. Today, a Saudi Arabian based corporation of Elad Properties and Kingdom Holdings owns the hotel. However, the…
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The Plaza Hotel At New York City
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The Plaza Hotel 7th, December The Plaza Hotel is a big, luxurious hotel located in New York. This is one of the oldest hotels in New York, as it was founded back in 1907, on the first day of October. Today, a Saudi Arabian based corporation of Elad Properties and Kingdom Holdings owns the hotel. However, the Fairmont Hotels and Resorts have been managing this hotel since 1999. The Plaza Hotel was the original project of Bernhard Beinecke, a financier, Fred Sterry, a hotelier, and Harry Black, president of the Fuller construction company. This hotel was originally constructed to serve as residence for the wealthiest class of people in New York (“The Plaza.” Web).
The original model of this hotel was changed after being renovated. When this hotel reopened in 2007, it was its 100th anniversary. It had undergone refurbishment at a cost of 4400 million. The internal structure and model of the hotel was changed from the original model to a newer model. Originally, when this hotel was constructed, it contained 805 rooms, 500 bathrooms, 10 elevators, a palm court with a Tiffany leaded glass domed ceiling, large private suites, and a two-story ballroom. However, on its re-opening in 2007, it had 282 guestrooms and 181 apartments (Turkel, 2010).
This hotel is also associated with historical events in the New York. For instance, important political meetings in history were held at the Plaza Hotel. The Beatles, on their first visit to the USA, stayed in the plaza hotel, in February 1964. In addition, the Plaza Hotel hosted Katherine Graham and Truman Capote’s “Black and white” in the grand ballroom on 28 November 1966. Most importantly, in 1985, leaders of different developed countries converged at the Plaza Hotel to brainstorm financial global issues. It is while here that these political leaders signed the Plaza Accord after them reaching an agreement. These finance leaders were mainly from West Germany, France, Britain, United States, and Japan. The main agenda of the meeting was to agree on ways of lowering the price of US dollar against the currencies of other nations.
The Plaza hotel has in the past accommodated a variety of famous people. These include performers, famous guests, and movie stars. For instance, those known to have visited include Elizabeth Taylor, Clara Bow, the Beatles, Cary Grant, Scott Fitzgerald, Marilyn Monroe, George Cohan, among others. These are famous authors, and actors in the world (Hession & Pickrel, 2007).
The Plaza hotel is considered an oasis of culture. It has managed to sustain and enhance the culture of New Yorkers through the numerous services it offers. It however, adds a touch of modernity to the New York culture, amid the bustling metropolis. Plaza’s five-star service is its tradition of luxury definition. It offers shopping facilities, fitness and wellness center, a champagne bar, restaurants, meeting rooms, ballrooms, among others. All these facilities enhance the culture of New Yorkers, as they are a definition of the day-to-day activities of people living in New York (Turkel, 2010).
The Plaza Hotel also relates to the history and development of New York in various ways. Historically, this hotel was established in 1907, thereby ranking as the oldest hotel in New York. This means that it has equally shared most of the history of New York, be it in political aspects or economic aspects. The historical events of New York therefore had an impact on the hotel operation. This hotel has also positively contributed to the development of New York’s economy. Most economists consider it as a treasure and trophy to New York. Being such a big hotel, it is an important player in the capital markets of New York, thereby making it a contributor to the economic development of New York (Turkel, 2010).
References
“The Plaza.” (nd). Retrieved from http://www.theplazany.com/
Hession, J., & Pickrel, D. (2007). “Frank Lloyd Wright in New York: The Plaza Years, 1954-
1959.” Gibbs Smith, London.
Turkel, S. (2010, October 26). Hotel History: The Plaza. Here’s why New York’s Plaza may just
be the most famous hotel in the world. Hotel Interactive. Retrieved from http://www.hotelinteractive.com/article.aspx?articleid=18554 Read More
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