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Shahal M. Khan
Born
New York, United States
NationalityAmerican
Alma materAmerican University
Johns Hopkins University

Shahal M. Khan (born New York, United States) is an American businessman. Khan is primarily known for his to purchase the Plaza Hotel in New York City from the Sahara Group, alongside Kamran Hakim, for $600 million.[1][2][3]

Career

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.[8][9][10] The acquisition is partially financed through a $415 million loan from British real estate investors David and Simon Reuben.[11]

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.[12] Khan primarily resides in Washington, D.C., Dubai, and the Portuguese Riviera (Quinta da Beloura, Sintra).[13]

References

  1. ^ Ritz-Carlton Central Park May Be Sold
  2. ^ Satow, Julie (3 May 2018). "Deal Is Reached to Sell the Plaza Hotel". The New York Times. Retrieved 8 June 2018.
  3. ^ Mody, Seema (27 March 2018). "Up next for crypto-crazed investors: A slice of NYC's Plaza Hotel". cnbc.com. Retrieved 8 June 2018.
  4. ^ renaissancecapital.com (2021-08-19). "SPAC BurTech Acquisition files for a $250 million IPO". Renaissance Capital. Retrieved 2023-04-16.
  5. ^ Abel |, Natasha. "A $5 Million Gift to American University Advances Cyber and Economic Security". American University. Retrieved 2023-04-16.
  6. ^ "Advanced energy storage technology developed in UAE receives $20m funding from US global infrastructure development firm". gulfnews.com. Retrieved 2023-04-16.
  7. ^ "Meet GMEX Group - A Leading Global Operator Of Multi-Asset Exchange Trading And Post Trade Software". Tech Company News. 2022-07-30. Retrieved 2023-04-16.
  8. ^ "Plaza Hotel's $600 Million Deal May Go Forward With New Buyers". bloombergquint.com. Retrieved 8 June 2018.
  9. ^ "Plaza Hotel's US$600m deal may go ahead with new buyers". businesstimes.com.sg. Retrieved 8 June 2018.
  10. ^ The Real Deal - Shahal Khan, Kamran Hakim in Contract to Buy Plaza Hotel for $600M
  11. ^ Rocco, Matthew (4 May 2018). "New York's Plaza Hotel to sell for $600 million". foxbusiness.com. Retrieved 8 June 2018.
  12. ^ "Shahal Khan - Linkedin". linkedin.com. Retrieved 8 June 2018.
  13. ^ "Shahal M. Khan". www.globaldatasentinel.com. Retrieved 8 June 2018.
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