Word: roome
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Dates: during 1940-1949
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Some years before, he had made a trip to Washington and stayed at the Mayflower. He liked many things about it, including the Presidential Dining Room where columnists, politicos and union chiefs served up the latest gossip as piping hot as the famed terrapin soup. Most of all he liked the way the Mayflower had gone through the financial wringer and come out making money. He bought...
Murderer at Large. Freckle No. 2 was Fort Worth's 80-room Melba ($28,000); No. $ was Hilton's first Waldorf-in Dallas-which he bought with the help of a syndicate of friends. In deal No. 4, he bought Fort Worth's Terminal Hotel with two partners and learned that there were more dangers for a hotelman than the complaints of dissatisfied guests. One of his partners, D. E. Soderman, thought he was being cheated, stalked down the third partner and shot him dead. When Soderman got out of jail, he phoned Hilton and asked...
...Hilton was a whopping success. Hilton branched out throughout Texas and formed Hilton Hotels, Inc. (succeeded in 1946 by Hilton Hotels Corp.). When the depression hit, and an estimated 80% of all U.S. hotels went bankrupt, he was far overexpanded. He hurried from hotel to hotel, yanking out the room telephones and closing off some of the floors to cut costs. When a guest asked for ink, a bellhop would ceremoniously pour out enough to write one letter...
...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...