Word: conrades
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...oldtime Star Gloria Swanson, Eastern Air Lines President Eddie Rickenbacker, R. H. Macy's Beardsley Ruml, David Rockefeller and Julius ("Cap") Krug. But none of the party-goers would enjoy the round of banquets, swimming parties and tennis tournaments as much as their party-loving, party-giving host, Conrad Nicholson Hilton, the world's No. 1 hotelman, who this week was getting his first excited look at his newest hotel...
...Young Conrad, the second of eight children, went to private schools (Albuquerque's Goss Military Institute and New Mexico Military Institute at Roswell), and to college for two years (New Mexico School of Mines). When father Hilton was wiped out by the panic of 1907, he started taking roomers into the family's modest adobe dwelling at $1 a day, and Connie helped him. But it wasn't what young Hilton wanted. He went into politics and, with the help of a well-organized graveyard vote ("the best people in the county"), was elected...
Resort Trouble. Like all other hotel-men, Conrad Hilton is currently riding the crest of the wave. In most hotels, the trick is still to find a room and Hilton is confident that business will remain good for at least five years. Because of increased efficiency, the break-even point of Hilton hotels is now down to about 60% to 75% of capacity, as against a national average of 80%. For the first ten months of 1949, their operating profit totaled $6,886,108, slightly higher than last year...
...Conrad Hilton thinks such a future is fine and he plans to start making it come true by building high-priced, small hotels in the smaller cities which were passed over in the hotel-building '20s. He is now eyeing land in Atlanta, Beverly Hills and Havana. But he does not think that anyone will ever again build huge hotels like those he gobbled up in the last few years. Nor does he expect to buy any more big ones, at least not right away. With the air of a tired conqueror he asks: "After all, where...
...Colonel Crown (World War II Army engineers). His Material Service Corp., biggest building-supply firm in the Midwest, did $33 million in sales last year and helped put up many a Chicago building. He also buys them ready-built and is one of the chief backers of Hotelman Conrad Hilton. Crown put up some of the money for Hilton to buy Chicago's Palmer House. When Connie Hilton bought Manhattan's Waldorf-Astoria (TIME, Oct. 17), Crown chipped in $250,000. Today he owns 8.7% (150,000 shares) of Hilton Corp. stock, the biggest share except for Hilton...