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[[Banque Lambert|Lambert Brussels Real Estate Corp.]] and [[Loeb Rhoades]] purchased the hotel in 1973 for $11 million, and affiliated it with the [[Penta Hotels]] chain.<ref>{{cite news|title=Foreigners rushing to buy large properties in U.S.|newspaper=The Spokesman-Review|location=Spokane, WA|first=Carter B.|last=Horsley|agency=New York Times|date=September 9, 1973|url=https://news.google.com/newspapers?nid=1314&dat=19730909&id=UB1OAAAAIBAJ&sjid=3OwDAAAAIBAJ&pg=7238,3224209|via=Google News}}</ref><ref>{{cite news|title=Chain opens Munich hotel|newspaper=Atlanta Constitution|date=April 28, 1974|url=https://www.newspapers.com/clip/20164672/chain_opens_munich_hotel/|via=Newspapers.com}}</ref> Despite the completion of $2 million of renovations, the hotel earned minimal profits for its new owners.<ref>{{cite news|title=Donald Trump buys Barbizon-Plaza Hotel|newspaper=New York Daily News|first=Claudia|last=Cohen|date=March 17, 1981|url=https://www.newspapers.com/clip/20164417/donald_trump_buys_barbizonplaza_hotel/|via=Newspapers.com}}</ref>
[[Donald Trump]] purchased the hotel and the neighboring apartment building in 1981. On December 14, 1985, he closed the hotel to prepare for conversion to condominiums.<ref>{{cite news |title=Sale of hotel items marks condo switch |newspaper=Newsday |location=Long Island, NY |first=Ron |last=Howell |date=December 21, 1985 |url=https://search.proquest.com/usnews/docview/285401510/64350494B5574F11PQ
{{anchor|Trump Parc East}}
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