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Lawsuits

plazapic.jpgThe Post reports that Demel Bakery, famed Viennese patisserie is bailing on its 10-year lease with The Plaza Hotel, claiming that the Plaza promised high-end retailers and shoppers, but failed to deliver: "The bakery accuses the hotel's developer, Elad Properties, of using "bait-and-switch" tactics to lure Demel to its grand concourse -- claiming it would be neighbors to luxury retailers like Harrods, Harvey Nichols, Louis Vuitton and Gucci, according to a scathing lawsuit filed last week in Manhattan Supreme Court." [NYP]

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