Word: hotelful
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Dates: during 1940-1949
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...Them In." The managers do it by putting every foot of hotel space to work. In the Plaza, Hilton's men converted a basement storage space into the swank Rendez-Vous Room, where New Yorkers and visitors now pay $500,000 a year to dine & dance. Stockbrokers E. F. Hutton & Co., who had been paying only $5,000 a year for valuable ground-floor space, were moved upstairs (for the same rent). In their place the original Oak Bar was restored; it now grosses $25,000 a month. When Williford saw the chance to make $18,000 a year...
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...
Hilton's only recent flops have been in resort hotels. (He does not consider the Caribe Hilton primarily a resort hotel.) "Whenever you see an offer of a 'Hotel in the Pines,'" says he, "stay away from it." He bought the Palm Beach Biltmore, was glad to sell it for a net loss of $183,353, also lost money in a flyer in three Bermuda hotels...
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...
While bossing the Berlin airlift, Major General William H. Tunner -often thought of what the ideal military cargo plane should be like. Last week, at an "Air Cargo Day" meeting in Manhattan's Hotel Statler, he described it. It should have four engines and be able to carry 50,000 Ibs. of cargo on a 3,000-mile flight at 250 m.p.h. It should be able to fly at 20,000 ft., land on a 6,000-ft. runway. Engines and equipment should be designed for easy repair and cargo doors should be wide enough...