Manhattan. The hotel unveiled its retail collection, an underground mall featuring luxury brands, in November 2008. Two years later, the Plaza Food Hall opened in the underground mall, anchored by the Todd English Food Hall in collaboration with chef Todd English. By early 2010, El Ad was struggling to find tenants for the mall, and several residents had lost money selling their apartments. The Oak Room restaurant closed in July 2011, two years after the renovation was completed. Sahara India ownership In mid-2012, Sahara India Pariwar agreed to buy a 75 percent controlling stake for $570 million from El Ad Properties. The deal closed that December. However, even at the time of the sale, Sahara was experiencing legal issues and was selling off other properties that it owned. The development of the nearby Billionaires' Row, an area with several residential skyscrapers marketed for the ultra-wealthy, also negatively affected sales at the Plaza. The Plaza's net income decreased from $3.67 million, in 2012, to negative $1.2 million, in 2014, a figure that declined even further, to negative $10 million, by 2017. Two years after buying the Plaza, Sahara's Subrata Roy announced that he was looking for a buyer for his company's $4 billion majority stake. The Sultan of Brunei bid $680 million, but Sahara rebuffed the sultan's bid as too low. In August 2017, after he was unable to secure a buyer, Roy hired a broker to sell the hotel, prompting inquiries from about 50 potential buyers. Simultaneously, former co-owner Al-Waleed, whose Kingdom Holding Company now owned a minor stake in the hotel, partnered with Ashkenazy Acquisition Corporation. Kingdom and Ashkenazy's partnership included a right of first refusal, which allowed the companies to match any third-party offer for the hotel. In May 2018, the Sahara Group announced it had finalized a deal with businessmen Shahal M. Khan and Kamran Hakim to buy a majority share of the hotel for $600 million. However, Ashkenazy and Kingdom exercised their right of first refusal, and sued Sahara for trying to sell the hotel to a third party. Ashkenazy and Kingdom received an extension to close their purchase of the Plaza, but instead opted to sell their stake to Qatari state-owned hotelier Katara Hospitality, which the companies felt was better positioned to close the sale. Katara Hospitality ownership In July 2018, Katara Hospitality acquired full ownership of the Plaza Hotel after buying Sahara's and Askenazy