Shahal M. Khan: Difference between revisions
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'''Shahal M. Khan''' (born [[New York (state)|New York]], [[United States]]) is an [[American people|American]] businessman. Khan is primarily known for his |
'''Shahal M. Khan''' (born [[New York (state)|New York]], [[United States]]) is an [[American people|American]] businessman. Khan is primarily known for his deal to purchase the [[Plaza Hotel]] in [[New York City]] from the [[Sahara India Pariwar|Sahara Group]], alongside [[Kamran Hakim]], for $600 million.<ref>[https://skift.com/2019/05/15/ritz-carlton-central-park-may-be-sold/ Ritz-Carlton Central Park May Be Sold]</ref><ref>{{cite news|url=https://www.nytimes.com/2018/05/03/nyregion/plaza-hotel-sale.html|title=Deal Is Reached to Sell the Plaza Hotel|author=|newspaper=The New York Times |date=3 May 2018|publisher=|accessdate=8 June 2018|last1=Satow |first1=Julie }}</ref><ref>{{cite web|url=https://www.cnbc.com/2018/03/27/up-next-for-crypto-crazed-investors-a-slice-of-nycs-plaza-hotel.html|title=Up next for crypto-crazed investors: A slice of NYC's Plaza Hotel|first=Seema|last=Mody|date=27 March 2018|website=cnbc.com|accessdate=8 June 2018}}</ref> |
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Shahal Khan’s consortium signed the contract to buy the Plaza hotel in New York City in May 2018, paid the deposits and went to closing. The purchase was then challenged by the Azkenazy Group and Prince Al Waleed bin Talal as per a right-of-first- refusal (ROFR) which they already has established and this had given them another month to finish the deal. Upon expiry of the ROFR they did not consumate the transaction and it was then decided to forward sale of the hotel to Qatar Holdings. This decision was made jointly by Khans group and the sellers. |
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==Career== |
==Career== |
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Revision as of 19:24, 7 July 2022
 | The topic of this article may not meet Wikipedia's notability guideline for biographies. (January 2022) |
Shahal M. Khan | |
|---|---|
| Born | |
| Nationality | American |
| Alma mater | American University Johns Hopkins University |
Shahal M. Khan (born New York, United States) is an American businessman. Khan is primarily known for his deal to purchase the Plaza Hotel in New York City from the Sahara Group, alongside Kamran Hakim, for $600 million.[1][2][3]
Shahal Khan’s consortium signed the contract to buy the Plaza hotel in New York City in May 2018, paid the deposits and went to closing. The purchase was then challenged by the Azkenazy Group and Prince Al Waleed bin Talal as per a right-of-first- refusal (ROFR) which they already has established and this had given them another month to finish the deal. Upon expiry of the ROFR they did not consumate the transaction and it was then decided to forward sale of the hotel to Qatar Holdings. This decision was made jointly by Khans group and the sellers.
Career
Khan was one of the founders of Fortune Investment House, a Bahrain-based real estate investment bank, and Global Voice Telecom.
He was CEO of Centile, a French software company based in Monaco, from 2004 to 2006.
Khan helped found and served as vice chairman of Zebasolar, a solar energy company. He also served as a partner at GlobalTurk Capital, a Turkish merchant bank, from 2012 to 2016.
Plaza Hotel
In May 2018, Khan and Kamran Hakim, a prominent New York City landlord and property investor, entered into an agreement to purchase the Plaza Hotel, an historic and high-profile luxury property in Manhattan, for $600 million from Sahara India Pariwar, a London-based Indian conglomerate.[4][5][6] The acquisition is partially financed through a $415 million loan from British real estate investors David and Simon Reuben.[7]
Personal life
Khan was born in New York, United States, of Indian and Pakistani heritage. He received a bachelor's degree in economics from American University and a master's degree in international development from the Johns Hopkins University Nitze School of Advanced International Studies.[8] Khan primarily resides in Washington, D.C., Dubai, and the Portuguese Riviera (Quinta da Beloura, Sintra).[9]
References
- ^ Ritz-Carlton Central Park May Be Sold
- ^ Satow, Julie (3 May 2018). "Deal Is Reached to Sell the Plaza Hotel". The New York Times. Retrieved 8 June 2018.
- ^ Mody, Seema (27 March 2018). "Up next for crypto-crazed investors: A slice of NYC's Plaza Hotel". cnbc.com. Retrieved 8 June 2018.
- ^ "Plaza Hotel's $600 Million Deal May Go Forward With New Buyers". bloombergquint.com. Retrieved 8 June 2018.
- ^ "Plaza Hotel's US$600m deal may go ahead with new buyers". businesstimes.com.sg. Retrieved 8 June 2018.
- ^ The Real Deal - Shahal Khan, Kamran Hakim in Contract to Buy Plaza Hotel for $600M
- ^ Rocco, Matthew (4 May 2018). "New York's Plaza Hotel to sell for $600 million". foxbusiness.com. Retrieved 8 June 2018.
- ^ "Shahal Khan - Linkedin". linkedin.com. Retrieved 8 June 2018.
- ^ "Shahal M. Khan". www.globaldatasentinel.com. Retrieved 8 June 2018.