Word: sheraton
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Dates: during 1940-1949
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With Dottie Myles doing the vocalizing, Raykov played "Lost Without You" over WBZ, and thereafter it was taken up in turn by the Latin Quarter, the Sheraton, the Somerset, and the Bradford Rept...
...restaurant business was something new for Sheraton. But new things were the stock in trade of Sheraton Corp.'s two smart bosses: President Ernest Henderson, 49, and Vice President & Treasurer Robert Lowell Moore, 50, partners since they were roommates at Harvard (and ate at the Washington Thompson...
...property cheap. In five years they controlled $30,000,000 worth of real estate, including Cambridge's Hotel Continental, which they bought at auction. They liked this taste of the hotel business. So in 1939 they bought control of Boston's swank Copley Plaza and Sheraton, both of which were losing money. Henderson admitted that he was not an expert on the hotel business, allowed his managers almost complete freedom. Both hotels, aided by the burgeoning war boom, housing shortages, lost no time moving into the black...
Once Henderson & Moore saw that they could make money in the hotel business, there was no stopping them. Well-heeled from their radio and hotel ventures, they kept adding to their string; Sheraton Corp. now owns 24 hotels. Moore & Henderson still control this empire through their 90% interest in World Radio, which owns 20% of Sheraton Corp. stock. Last year Sheraton Corp.'s net profits were...
...next week, Sheraton expects to receive final court approval of a proposed merger with United States Realty and Improvement Co., now being reorganized in bankruptcy. If the deal goes through, as Henderson expects, Sheraton will get control of $14,000,000 worth of New York and Boston office buildings, will become one of the country's largest real-estate investment firms...