Tuesday 27 March 2018

Investors hope cryptocurrency raise will buy them the Plaza Hotel

Having trouble locking down enough equity or a fat acquisition loan for your first splashy Manhattan investment play? To hell with banks and funds — why not just do a simple $375 million cryptocurrency offering and get the deal done already? That’s what Shahal Khan and a group of investors under the banner of “Chimera” want to do en route to buying the majority stake in the Plaza Hotel, according to a CNBC report. The […]



source https://therealdeal.com/2018/03/27/investors-hope-cryptocurrency-raise-will-buy-them-the-plaza-hotel/

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