Dubai – Mubasher: Shahal Khan, founder of Dubai-based family office White City Ventures, and Kamran Hakim, founder of New York landlord Hakim Organization, announced plans to buy century-old Plaza Hotel.

Opened 111 years ago, Plaza Hotel is reportedly where the popular 1992 movie Home Alone 2 was shot.

The total value of the deal amounted to $600 million, Bloomberg reported on Sunday, noting that the hotel’s current owners include Sahara India Pariwar, Saudi Prince Alwaleed bin Talal’s Kingdom Holding Company (KHC). and Ashkenazy Acquisition Corporation.

Other movies shot in or around the Central Park New York hotel included “North by Northwest”.

The deal is expected to be completed by 25 June, the news agency added.

“We worked for three and a half years to get to this stage and can’t wait until it’s closed,” said Shahal Khan, who confirmed the purchase but declined to speak further.