When the American fashion tycoon Tommy Hilfiger bought two uncombined units on the 18th and 19th floors of New York's historic Plaza Hotel in 2008, he put them, almost immediately, up for sale for US$50 million (Dh183m). Time went by, and Hilfiger enjoyed tremendous success on a business and personal level, receiving a Unesco Support Award for his philanthropic efforts and the Geoffrey Beene Lifetime Achievement Award from the prestigious Council of Fashion Designers of America. But still the properties didn't sell.
When Hilfiger married his second wife, model and handbag designer Dee Ocleppo, the couple decided to take the property off the market, and reportedly spent $20m (Dh73.5m) on renovations. And now, three years after the two floors were combined and impeccably redesigned, the penthouse is back on the market for $75m (Dh275m).
When it comes to location in New York City, you can't beat The Plaza. The landmark luxury hotel and condominium apartment building has long hosted famous performers, celebrity guests and important political meetings. Condo residents are offered the full complement of hotel amenities, including housekeeping and valet staff, and room service from the Jeffery Beers-designed Todd English Food Hall. Situated as it is in this iconic structure on Manhattan's Fifth Avenue, the penthouse comes with a private terrace overlooking Central Park.
"I always wanted to acquire trophy real estate because location, location, location is very important. As an investment you can't do better than that," Hilfiger said in a CNN interview. "And if you surround yourself with things you love, it makes for a great home design."
Design was, in fact, a big part of the revamp. Hilfiger, a Warhol collector, has said that the 6,000-square-foot space reflects the "glamour of a bygone era coupled with 21st-century conveniences" – think chandeliers, paintings, dramatic mirrors and a majestic flight of stairs connecting the two floors.
The home is almost tailor-made for Hilfiger's impressive art collection, which includes Harry Benson's photographs of author Truman Capote's famed Black and White masquerade ball, held at the Plaza back in 1966. The designer has revealed that some of the art and most of the antique furnishings, which include pieces once owned by the Duke and Duchess of Windsor, could be included in the sale, under the right terms.
The four-bedroom, five-and-a-half bath property also includes a formal dining room, eat-in kitchen and library. Most unique, perhaps, is a built-in, round, domed "turret" room, which boasts a 35-foot ceiling and houses an original custom-made mural by famed illustrator Hilary Knight. It pays homage to Eloise, a character from Kay Thompson's books from the 1950s about a girl who lives in a "room on the tippy-top floor" of The Plaza Hotel.
pmunyal@thenational.ae
The biog
Name: Mariam Ketait
Emirate: Dubai
Hobbies: I enjoy travelling, experiencing new things, painting, reading, flying, and the French language
Favourite quote: "Be the change you wish to see" - unknown
Favourite activity: Connecting with different cultures
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
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Political flags or banners
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Bikes, skateboards or scooters
Dubai World Cup Carnival Thursday race card
6.30pm: Dubai Millennium Stakes Group Three US$200,000 (Turf) 2,000m
7.05pm: Handicap $135,000 (T) 1,600m
7.40pm: UAE Oaks Group Three $250,000 (Dirt) 1,900m
8.15pm: Zabeel Mile Group Two $250,000 (T) 1,600m
8.50pm: Meydan Sprint Group Two $250,000 (T) 1,000m
9.25pm: Handicap $135,000 (D) 1,400m
10pm: Handicap $135,000 (T) 1,600m
Killing of Qassem Suleimani
More from Rashmee Roshan Lall
If you go
The flights
There are direct flights from Dubai to Sofia with FlyDubai (www.flydubai.com) and Wizz Air (www.wizzair.com), from Dh1,164 and Dh822 return including taxes, respectively.
The trip
Plovdiv is 150km from Sofia, with an hourly bus service taking around 2 hours and costing $16 (Dh58). The Rhodopes can be reached from Sofia in between 2-4hours.
The trip was organised by Bulguides (www.bulguides.com), which organises guided trips throughout Bulgaria. Guiding, accommodation, food and transfers from Plovdiv to the mountains and back costs around 170 USD for a four-day, three-night trip.
Meatless Days
Sara Suleri, with an introduction by Kamila Shamsie
Penguin
Company profile
Name: The Concept
Founders: Yadhushan Mahendran, Maria Sobh and Muhammad Rijal
Based: Abu Dhabi
Founded: 2017
Number of employees: 7
Sector: Aviation and space industry
Funding: $250,000
Future plans: Looking to raise $1 million investment to boost expansion and develop new products
The biog
Name: James Mullan
Nationality: Irish
Family: Wife, Pom; and daughters Kate, 18, and Ciara, 13, who attend Jumeirah English Speaking School (JESS)
Favourite book or author: “That’s a really difficult question. I’m a big fan of Donna Tartt, The Secret History. I’d recommend that, go and have a read of that.”
Dream: “It would be to continue to have fun and to work with really interesting people, which I have been very fortunate to do for a lot of my life. I just enjoy working with very smart, fun people.”
'Top Gun: Maverick'
Rating: 4/5
Directed by: Joseph Kosinski
Starring: Tom Cruise, Val Kilmer, Jennifer Connelly, Jon Hamm, Miles Teller, Glen Powell, Ed Harris
Juliot Vinolia’s checklist for adopting alternate-day fasting
- Don’t do it more than once in three days
- Don’t go under 700 calories on fasting days
- Ensure there is sufficient water intake, as the body can go in dehydration mode
- Ensure there is enough roughage (fibre) in the food on fasting days as well
- Do not binge on processed or fatty foods on non-fasting days
- Complement fasting with plant-based foods, fruits, vegetables, seafood. Cut out processed meats and processed carbohydrates
- Manage your sleep
- People with existing gastric or mental health issues should avoid fasting
- Do not fast for prolonged periods without supervision by a qualified expert
UAE currency: the story behind the money in your pockets
Killing of Qassem Suleimani
In numbers
Number of Chinese tourists coming to UAE in 2017 was... 1.3m
Alibaba’s new ‘Tech Town’ in Dubai is worth... $600m
China’s investment in the MIddle East in 2016 was... $29.5bn
The world’s most valuable start-up in 2018, TikTok, is valued at... $75bn
Boost to the UAE economy of 5G connectivity will be... $269bn
More from Neighbourhood Watch:
Kalra's feat
- Becomes fifth batsman to score century in U19 final
- Becomes second Indian to score century in U19 final after Unmukt Chand in 2012
- Scored 122 in youth Test on tour of England
- Bought by Delhi Daredevils for base price of two million Indian rupees (Dh115,000) in 2018 IPL auction
Zayed Sustainability Prize
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.