Word: conrades
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Hustling Hotelman Conrad Hilton had a busy week. To the string of 17 hotels he operates around the world, he added an 18th, by a deal in Manhattan. To the six other hotels he has abuilding or contracted for around the world, he added a seventh in another deal in Havana. In Manhattan, he bought the 43-story New Yorker Hotel for $12.5 million. Actually, Hilton paid no cash on the transaction: instead, he gave the Manufacturers Trust Co.. owner of the New Yorker, 111,960 shares of preferred and common stock in the Hilton Hotels Corp. (worth...
Hilton, who expects the hotel to open late in 1955, will run it for the union on a 20-year contract, get 33⅓% of the profits, which the Cuban government will probably declare taxfree. Best of all, Conrad Hilton will have few worries over strikes that often plague investors in Latin America. Says Hilton, who expects to net $250,000 the first year on the deal: "Imagine, me working for the union. Oh, how I wish Joe Stalin had lived to see this...
...others: Chicago's 3,000-room Conrad Hilton, Manhattan's 2,000-room Waldorf-Astoria, Chicago's 2,268-room Palmer House...
...sunny farce, from the thunder of Samuel Johnson's prose to the lightning of Aldous Huxley's. They include little-known works by little-read writers as well as little read works by well-known writers: Maria Edgeworth, Joseph Sheridan Le Fanu, Mrs. Gaskell, George Eliot, Joseph Conrad, George Meredith, Thomas Love Peacock, William Hazlitt, Virginia Woolf. Few readers will like all of these stories, but almost everybody will be entertained by some of them...
...Hotelman Conrad Hilton, who has recently been cooking deals like popcorn (TIME, Nov. 9), plans to build a $6,000,000, 400-room luxury hotel in Cairo. The Egyptian government and Misr Bank will put up the money, give Hilton a 20-year lease...