 "Plaza Hotel")
The Indian owners of the Plaza Hotel have hired a broker to sell the New York City landmark, a move expected to unleash a scramble among foreign investors eager to own a jewel of U.S. real estate.
Chinese insurers, Middle Eastern governments, Latin American tycoons and other overseas investors have ramped up their purchases of U.S. real estate in recent years, often with a distinct preference for prestige properties in major cities.
Foreign investors made nearly $61 billion in U.S. property acquisitions for the four quarters ended March 31, more than double the amount invested during the same period five years earlier,
