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Tommy Hilfiger will keep his Plaza Hotel penthouse after all

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The penthouse has been on and off the market since 2008, asking as much as $80 million

Douglas Elliman

The long, strange saga of Tommy Hilfiger’s penthouse is coming to a close—at least for now. Mansion Global has learned that the fashion mogul has decided, after a decade of effort, to stop trying to sell his penthouse at the Plaza Hotel.

The story goes like this: Hilfiger and wife Dee Ocleppo purchased the penthouse, then unfinished, for $25.5 in 2008. Shortly after the pair closed on the apartment, and amid heated rumors that the Plaza’s condo renovation was not up to snuff with what was promised, the pair re-listed the apartment for $50 million in an attempted flip (remember, this was right before the housing bubble burst and everything went to hell.) To the surprise of no one, the sad shell of a penthouse failed to sell.

So instead of lowering the price on the apartment as it was, classic American rich guy Hilfiger funneled an additional $20 million into renovating the pad before relisting it in October 2013 for $80 million. And what a renovation it was: Just imagine, as the renovation made possible, eating breakfast in a nook in one of the Plaza’s iconic turrets.

The penthouse got its first price chop in March 2015, down to $75 million, followed by a January 2016 reduction to $68.95 million, and a November 2016 hacking to $58.9 million. There the apartment waited for a buyer until it was yanked from the market just recently.

The listing was most recently held by Oren and Tal Alexander of Douglas Elliman.

The Plaza

768 5th Avenue, Manhattan, NY 10019 Visit Website