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The Oak Bar was established in its current location on the northwest corner of the Plaza Hotel in 1945 when the hotel was under the ownership of Conrad Hilton (or re-established â the area may have been part of the Men's Bar between 1912 and 1920).entral to the 2011 closing was a dispute between the owners of the Plaza Hotel (various investors led by the El-Ad Group) and Eli Gindi, owner of the Oak Room and lessee of the Plaza Hotel.
The Plaza Hotel in New York City is jointly owned by Sahara Group and Kingdom Holdings, a Saudia Arabia based corporation. It has been managed by Fairmont Hotels & Resorts since 1999.