Word: honolulu
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This is the domain of Charles Parmiter, 29, a clergyman's son who was born in Massachusetts, brought up in Hawaii, and, after an Army stint in the Far East and four years as a reporter in Honolulu, joined the Los Angeles bureau of TIME. He has reported everything from H-bomb tests to medicine and music. But there is one side of him that likes to race fast cars, to leave a little money behind at the horse races, and to play golf well enough to appreciate those who play it better. As TIME'S Sport editor...
...with Me. Henderson's derring-do (when stock prices are right), as well as his skillfully frugal management, have pyramided Sheraton in 25 years from a single money-losing hotel to a corporate giant with estimated assets of $400 million and 66 hotels scattered from Tel Aviv to Honolulu. (Sheraton, which has more hotels, vies for the title of "world's largest hotel chain" with Hilton, which has more rooms.) And while occupancy rates in most U.S. hotels have dropped steadily in the past decade, Sheraton's rate has been climbing; in May it stood...
Nothing to Lose. From the start, both Chinn Ho and the cautious Yankee management of the Boston-based Sheraton chain were a bit put off by the elusiveness of the would-be purchasers. Publicly, the combine was represented by tough-talking Honolulu Real Estate Woman Ann Felzer...
While Ho prepared for his closing in Honolulu, Sheraton's President Ernest Henderson flew from Boston to New York and reserved five suites at Manhattan's posh Sheraton-East for the "principals" in his part of the closing. In both Honolulu and New York, representatives of the combine failed to show. Next day came word that Mrs. Felzer and Amalu were in Seattle-where Amalu had been hustled off to jail almost as soon as his plane landed...
...that, policemen all the way from Manila to Washington began weighing in with reminiscences of Amalu. His claim to Hawaiian noble blood was vague, but he had attended Punahou, Honolulu's exclusive private school. Though he said he went on from there to the Sorbonne and Oxford (and cultivated a British accent to prove it), he actually had his only known brush with higher education at the University of Hawaii, was obliged to resign from the army in 1943 "for the good of the service." His most notable accomplishments since: a two-year stretch in the Philippines...