The legendary Plaza Hotel which opened in New York City in 1907 has changed ownership several times. Trump bought it from the Hiltons back in 1988 and then sold it. El Ad Properties bought the Plaza Hotel in 2004 and began mega revamp-age. The historic hotel doors closed in April 2005 to re-open in March 2008 with a proper Fifth Avenue facelift. Today the Plaza Hotel and Residencies are for the rich and famous. However, yesterday The Plaza’s famous restaurant The Oak Room re-opened to the public. Redesigned by architect Annabelle Selldorf, the more contemporary looking restaurant will furthermore feature a new executive chef and menu. The chef is Eric Hara who has most recently run the kitchens of David Burke Townhouse and Fishtail. Hara has developed a new American cuisine menu for The Oak Room, with prices that take a bad economy into account. Entrees will range from just $22 – $35 and with so much new; the Plaza Hotel seems like the perfect place for some hope to grow.