Bloomberg Businessweek
WHERE THE MONEY IS
May27,Trump and Marla
Maples marry at
the Plaza, 199364
TROPHY PROPERTIES
NewYorkrealestatehadalwaysbeena somewhatinsularindustry,
largelyruledbya handfuloffamilydynasties.FollowingDonaldTrump’s
debt-fueledacquisitionandsubsequentbankruptcyofthePlaza,the
saleofthehoteltoforeigninterlopersin 1995markedthebeginningof
a newera,asJulieSatowwritesin anexcerptfromhernewbook