Word: rico
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Dates: during 1960-1969
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...Brussels, Honolulu, Tel Aviv, Guadalajara, Rabat, Mayagüez, Tunis, San Francisco, Milwaukee, Worcester, Mass., and Washington, D.C. Soon to be started are hotels in Curaçao, Cyprus, Addis Ababa, Dublin, Manila, Caracas, Barbados, St. Paul and Kuwait. Fortnight ago, Hilton added the Dorado Riviera in Puerto Rico to his empire, and last week he took over the Arawak in Jamaica...
While he was rushing about adding links to his U.S. chain, Hilton's unfailing courtesy launched him almost by accident into the international hotel business. When Puerto Rico decided in 1947 that it needed a first-class hotel to help lure U.S. businessmen to set up shop there, Teodoro Moscoso, chief of the Puerto Rico Development Corp. (and now the director of the Alliance for Progress), fired off letters to leading U.S. hotelmen inviting them to come down. Only Hilton answered promptly, with a warm, friendly letter that began by greeting the Spanish-speaking Moscoso as "Mi estimado amigo...
Rigid Watch. Along with iced water, Hilton has introduced some handsome profits to the natives. Puerto Rico, for example, has racked in $18 million from its share of the Caribe Hilton. The usual Hilton arrangement is for local capital-either private or government-to supply the land, the building and the furnishings; Hilton puts up the operating capital and runs the hotel. Two-thirds of the gross operating profit goes to the hotel's owners, one third to Hilton. This method enables Hilton to extend his chain rapidly without putting himself deeply into debt. He gives his local managers...
WALTER HALLSTEIN, president of the European Economic Community..LL.D. Luis MUNOZ MARIN, Governor, Commonwealth of Puerto Rico LL.D...
...example, Delaware Senator John J. Williams publicly criticized Harlem Congressman Powell for wasting federal funds, junketing to Europe with two female staff members, and paying his wife a congressional staff salary of $13,000 a year, although she spends most of her time at the Powell villa in Puerto Rico. Powell replied that he was being attacked because he is a Negro...