New York's Plaza Hotel put up for auction: source

New York

The Plaza Hotel is poised to go on the auction block next month, potentially ending two years of uncertainty over ownership of the storied property off New York's Central Park.

Billionaire brothers David and Simon Reuben hold the mortgage on the five-star hotel and have scheduled a foreclosure auction for April 26, according to a person with knowledge of the matter who asked not to be named because the sale hasn't been made public yet.