Shahal M. Khan


Shahal M. Khan is an American businessman. Khan is primarily known for his move to purchase the Plaza Hotel in New York City from the Sahara Group, alongside Kamran Hakim, for $600 million.

Career

Plaza Hotel

In May 2018, Khan and Kamran Hakim, a prominent New York City landlord and property investor, entered into an agreement to purchase the Plaza Hotel, an historic and high-profile luxury property in Manhattan, for $600 million from Sahara India Pariwar, a London-based Indian conglomerate. The acquisition is partially financed through a $415 million loan from British real estate investors David and Simon Reuben.

Personal life

Khan was born in New York, United States, of Indian and Pakistani heritage. He received a bachelor's degree in economics from American University and a master's degree in international development from the Johns Hopkins University Nitze School of Advanced International Studies. Khan primarily resides in Washington, D.C., Dubai, and the Portuguese Riviera.