Word: hilton
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...been closed because he liked mine so much," recalls Brandt. "Since his feet were different sizes, he needed two pairs. On Sunday, we had to get a collection of electric shavers as presents for friends." Later that same evening, the director of a manufacturing company "came to the Berlin Hilton to take an order for a considerable number of small ashtrays ... Johnson's disarming explanation: 'They look like a dollar and cost me only...
After the Nieman dinner--a five-hour session of cocktails, roast beef, wine and more cocktails--Rosenthal headed for bed at the Statler-Hilton Hotel. Just after he fell asleep, the phone rang. I apologized for calling so late an hour...
Always a big spender when times were good (he once had four writers at work on four separate official histories of his young company), Fraser has turned uncharacteristically frugal of late. He has fired the gaggle of Harvard M.B.A.s who flocked to Hilton Head in the early 1970s. In order to reduce Sea Pines' towering debt, he has sold Palmas Del Mar-taking a $13 million loss -and deeded back to the lender the North Carolina tract where he planned to build the Nantahala/Heritage Park. He has also shelved plans for several smaller resorts where "almost any member...
...savings and loan associations to accept a stretchout of payments on Sea Pines' debt (now down to $110 million from a high in 1974 of $280 million). He plans a three-to four-year halt in new development projects, while striving to increase profits from operating resorts at Hilton Head and Amelia Island, Fla. The strategy seems to be paying off. In the first two months of the current fiscal year, which started March 1, revenues from Sea Pines Plantation were up more than 25%, to $4.2 million, and real estate sales at $6.7 million were running far ahead...
...some profit. Besides threatening Sea Pines' future earnings, the dispute has deprived the company of some ready cash. When the Kuwaitis failed to make a $50,000 payment to Sea Pines in February, Fraser was able to meet his payroll only through the sale of a lot on Hilton Head...