Day: 26 TueAsia/Phnom_Penh2010-01-19T05:10:21+07:00Asia/Phnom_Penh01bAsia/Phnom_PenhTue, 19 Jan 2010 05:10:21 +0700 2013

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Poor Eloise: The Plaza takes it on the chin. Why?

Yesterday’s New York Times belatedly discovered that re-sale prices at the storied Plaza Hotel have plunged.

The newspaper said that the last 11 owners to sell their luxury condos at the Plaza Hotel sold them at a loss, including the owner of Apartment 409, which sold for $8.5 million less than it cost 16 months before.  Reported the Times: Continue reading →