The United Nations Development Corp. is preparing to refund and retire all its outstanding debt as part of a transaction that includes the sale of the United Nations Plaza Hotel.

Established by the New York State legislature in 1968, the development corporation provides offices and lodging for UN officials. The corporation leases three buildings from New York City, including rooms that makes up the UN Plaza Hotel.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.