- The Plaza Hotel (often referred to as The Plaza), located in Manhattan at 768 Fifth Avenue, is a luxury hotel and condominium apartment building. The hotel, completed in 1906, has gone through numerous changes of ownership and variations in profitability. In 1988 Donald Trump, using huge loans, bought The Plaza and put his first (not-yet-divorced) wife Ivana Trump in charge of renovating and managing the hotel. Trump sold the controlling stake to Kwek and Al-Waleed in April 1995. After two more changes of ownership, Katara Hospitality acquired full ownership of the Plaza Hotel in July 2018.