Qatar is listed as the purchase of a luxury hotel in New York

Katara, a Qatar state-owned company, acquires full ownership of the hotel, which includes taking over 75 percent of the Indian shares of the Sahara India Pariwar, according to a Reuters source. The Plaza Hotel store represents the largest investment in Qatar's western real estate market since the start of the blockade against the country in early June of last year.

Donald Trump purchased the property in 1988 but sold it to a group of investors, including Saudi businessman and Prince Alwaleed bin Talal.

Sahara tried to sell its stake for several years due to financial difficulties with the chairman of the board of directors of the company.

Qatar has purchased the best hotels and luxury properties in the western world in the last ten years. its revenues from gas and oil exports. Its investment fund, Qatar Investment Authority, QIA, has also invested in major Western companies such as Volkswagen automaker and mining company Glencore.