Word: hilton
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...hotel Eppley chain, largest and oldest personally owned hotel group in the U.S. Its 22 properties in six states range from Pittsburgh's 1,500-room William Penn to the 123-room Tallcorn in Marshalltown, Iowa. Price: $30 million. (In the biggest deal, Conrad Hilton paid $78 million for the Statler chain...
Last week's deal was eight years in the making. Bachelor Eugene C. Eppley, 72, a big stockholder in both Hilton and Sheraton chains, had long been anxious to retire. Sheraton's purchase, said Henderson, will "substantially narrow the gap" between his chain and Hilton's. With new hotels abuilding in Philadelphia and Dallas, the Sheraton empire now boasts 54 hotels, 25 more than the Hilton chain, although Hilton has 1,700 more rooms and grosses some $40 million more a year. All the Eppley hotels are in new territory for Sheraton, and all but three were...
Despite his new buy, Henderson will have a hard time catching Connie Hilton. Last week in Cincinnati, for a total of $25 million, Hilton bought the eight-year-old Terrace Plaza and took a 25-year lease on the 29-story Netherland Plaza. Hilton, who plans to build an $18 million Kansas City hotel, announced last week that he will also build a $24 million Detroit hotel with 1,500 rooms and 50 penthouses, operate it for a fee on a 25-year lease for an investment group. Hilton says he has already cleared his plans with the U.S. Justice...
...allied Socialist-Communist slate, but saved by the electoral law. Under fat, fumbling Mayor Salvatore Rebecchini, Rome has been plagued by tram strikes, power and water shortages. He finally withdrew as a candidate for reelection, in the face of Communist charges of corruption centering on the projected Hotel Hilton, which is yet to be erected on Rome's outskirts. The Communist candidate is Giuseppe di Vittorio, a tough Red union leader who is rated second only to Togliatti as an orator and vote getter. If Di Vittorio wins, the Christian Democrats in the city council will try to keep...
...room hotels are going up near San Juan to help the 300-room, 99%-occupied Caribe Hilton handle the expected $75 million-a-year tourist traffic. Laurance Rockefeller is putting $1,000,-ooo into a 72-room luxury hotel with an 18-hole golf course designed by famed Golf Architect Robert Trent Jones. And all over the island are the new factories...