Yitzhak Tshuva's private real estate development arm, Elad Properties, has sold 100 of the 181 apartments in the Plaza Hotel in Manhattan, the jewel in Tshuva's American crown. Renovation and conversion of the hotel was completed months ago, but most of the apartments stand empty.
"The New York Times" quotes Elad Properties spokesman Lloyd Kaplan as saying that only a half-dozen residents live there full time and another three dozen residents live there on weekends.
© Copyright of Globes Publisher Itonut (1983) Ltd. 2008
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