Word: hotelman
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Crown, a sometime partner of Hotelman Conrad Hilton as well as Chicago's biggest materials supplier, then bought an additional 21% from lesser investors, for a total of 65%. But in spite of his stock control. Crown felt honor-bound to re tain the building management installed by Real Estate Promoter Roger L. Stevens, who quarterbacked the original buying syndicate. This arrangement nettled him, however, and last week he took up Stevens and his colleagues on an offer to sell out at about $50 a share-provided that they could deliver almost all the outstanding stock...
...Winthrop Rockefeller, nothing became Bobo Rockefeller like the leaving of it-with a settlement of $5,500,000 (TIME, Aug. 16). Since then reporters have watched her like the Hope Diamond, last week asked the inevitable question after she entertained 34-year-old Charles W. Mapes Jr., a Nevada hotelman, in her 15-room Park Avenue duplex. Bobo and Charles laughed good-naturedly and sort of denied everything before driving off together. Checking their files, the tabloids were comforted to find that Charles Mapes Jr. was not just a nobody; not only does he have his own million...
Bobo had no idea how fast the gold would rush ("I haven't had time to figure it out"), but she was in a mood to celebrate. One evening later, coquettishly holding hands with Reno Hotelman Charles Mapes, Bobo showed up at a big stone castle on Lake Tahoe, where an even richer lady, Elsinore Machris Gillilan, a bride of 70 who inherited $20 million from her previous oil-drenched husband, was tossing a small, make-believe Hawaiian luau (a beach wassail where revelers cry "Oahu!"). There was no poi or okolehau, but there were oodles of orchids...
...fruit, Top-Banana Zeckendorf bumped into another big operator. In the collision, Zeckendorf's feet went skidding out from under. Zeckendorf's opponent: Conrad Hilton, who in about a dozen years has risen from an obscure Southwestern innkeeper to a position as the world's biggest hotelman (TIME, Dec. 12, 1949 et seq.). The prize was the Statler hotel chain (eight hotels, two more abuilding in Dallas and Hartford, Conn.), which Hilton snapped away from Zeckendorf in history's biggest hotel deal. Price: $78 million...
...Hotelman Conrad Hilton, who hates to pass up a good deal, last week was busy roping still another hotel into his bulging corral. Hilton announced that he had bought Houston's lavish (TV, air conditioning, Muzak, a 165-ft. swimming pool), 1,100-room Shamrock Hotel, opened in 1949 by Wildcatter Glenn McCarthy. The seller was the Equitable Life Assurance Society, which took over the $21 million hotel in 1952 as part payment on a defaulted $34 million loan to McCarthy Oil & Gas Corp. Equitable's price to Hilton: $18 million, including $7,000,000 for 500 surrounding...