Magazine article Variety

Digs

Magazine article Variety

Digs

Article excerpt

Rob Lowe Looks for Deep-Pocketed Buyer Rob Lowe's spectacular 20-room estate in Montecito, Calif., is for sale with a kingly $47 million price tag. The actor and his jewelry-designer wife, Sheryl Berkoff, acquired the 3.4-acre property in 2005. MARK DAVID

N.Y.'s Plaza Hotel Sells to Qatar Hotel Group The $600 million sale of Manhattan's iconic Plaza Hotel to Katara Hospitality has been finalized. The hotel subsidiary of Qatar's sovereign wealth fund was the winning bidder for the historic but debt-saddled hotel - a debt held by former Qatar Prime Minister Hassim Bin Jabber Al-Thani, which likely gave Katara the edge over other bidders. The group also owns landmarks like the Savoy and the Connaught in London as well as the Carlton in Cannes, France, and the Raffles in Singapore. …

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