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If you need to cancel your reservation at The Plaza Hotel, you must contact the property at least 24 hours in advance to avoid paying for the cost of the room. With only 282 rooms to choose from, accommodations at this Forbes Travel Guide Four-Star New York hotel go fast. As a result, the cancellation policy is strictly enforced. If you think there’s a chance that you will need to cancel your visit, make sure to find out the exact details of the cancellation policy when you make your reservation.