Owner required additional permit to complete Plaza Hotel’s conversion plan. When El-Ad Properties bought the Plaza Hotel in October 2004, it proposed to convert the hotel’s 805 rooms into luxury residential condos and use the hotel’s banquet rooms, meeting spaces and existing retail as high-end retail destinations. Public opposition to the plan resulted in a compromise by which El-Ad agreed to maintain 284 hotel rooms and convert the remaining 511 rooms into 181 private condos. … <Read More>