Word: sheratons
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...Philadelphia ceremony attended by Mayor Joseph S. Clark Jr. and other civic leaders last week, Sheraton Corp.'s President Ernest Henderson marked a notable corporation milestone. For the first time in its 16-year history, the world's second biggest hotel chain will build a hotel. The Philadelphia Sheraton, to be started this month, will be a $15 million, 900-room building faced in limestone, glass and metal ; it will be ready for occupancy by midsummer 1956. Construction will also start this month in New Haven on another new Sheraton, a 350-room hotel with...
...Copley Plaza and San Francisco's Palace, changing their names and, by more efficient chain operations, their profit picture. His latest purchase, for $5,000,000: Los Angeles' Town House, which Conrad Hilton sold to Oilman Roy Crummer in 1953. (Hilton will continue operating it under Sheraton ownership until next October.) The results of Sheraton's expansion have been so good that a share of Sheraton stock bought in 1939 is now worth more than 20 times as much after splits. Sheraton's latest six-month...
Crooner Eddie Fisher, 25, discovered that he had a distinguished fan. In Manhattan last week, President Eisenhower heard Eddie sing at the Hotel Sheraton Astor, then delayed his own television speech and asked Fisher to do another verse of Irving Berlin's Count Your Blessings for the TV audience...
...been president of the Palace Hotel Co. since 1939, says it has been a consistent moneymaker. But profits have diminished in recent years, from $227,000 net in 1948 to $66,000 last year. By giving the Palace the benefit of its advertising and guest-referral system, Sheraton thinks it can improve profits without harming its traditions...
...Three months ago, the Sheraton chain bought Chicago's Blackstone Hotel, where Harding was picked as the 1920 G.O.P. presidential nominee in the famed "smoke-filled room...