Brendan McDermid Plaza Hotel in New York City, United States The Plaza Hotel in New York City, United States, explained the fact that the Saudi flag landed in front of the hotel building, noting that all flags were later returned. \u201cWhat has been circulated recently about the landing of the Saudi flag from the facade of the Plaza Hotel has no political dimensions, and the main reason is the willingness to celebrate the American Independence Day and the fourth of July,\u201d the hotel said on its official website in Arabic and English. Dear Colleagues, We would like to deny all that has been recently discussed regarding the removal of the Saudi flag from the facade of the Plaza Hotel and its political dimensions. The main reason was the willingness to celebrate the American Independence Day on July 4th. \u2013 The Plaza Hotel (@ThePlazaHotel) 6 July 2018 Dear followers, The Plaza would like to clear up any misinformation regarding the removal of the Saudi flag from its fa\u00e7ade. There is no political significance surrounding the removal of the flag. Hotel flags were switched to American flags, in celebration of July 4th holiday. \u2013 The Plaza Hotel (@ThePlazaHotel) 6 July 2018 The hotel pointed out that \u201call flags have been returned, including the Saudi flag, and will fly along with the flag of Qatar.\u201d The hotel flags, including Saudi flag, have been re-flown along with the flag of Qatar. \u2013 The Plaza Hotel (@ThePlazaHotel) 6 July 2018 US President Donald Trump bought the Plaza Hotel in 1988 but was forced to sell it to a group of investors, including Saudi businessman Prince Alwaleed bin Talal, more than two decades ago, after his bankruptcy. Media reports last week revealed an agreement under which Qatar would buy the Plaza Hotel for $ 600 million in a deal that was considered Doha\u2019s biggest investment in the Western real estate market. The Plaza Hotel in New York Opened: 1907 Construction cost: 12.5 million (approximately 400 million in current dollars) Cost per night: $ 1000 in 2001 Trump bought it in 1988 for 300 million It has an underground shopping center for major clothing and goods companies. Theater of the famous comedy \u201cHome Alone\u201d and other films.