All those interested in bidding for the Plaza Hotel at auction may just have to buy it the old fashioned way. David and Simon Reuben, the billionaire investors who own the debt on the property , agreed to cancel a planned foreclosure auction to allow more time for Subrata Roy’s Sahara India Pariwar, the hotel’s owner, to sell the property and pay back the debt, Crain’s reported, citing sources familiar with the matter.
