Word: sheratons
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Among the mutual fund companies, the Investment Trust of Boston is small (assets: $8,600,000) and relatively little known. But it has a notable record. Founded in 1931 by President Ernest Henderson and Vice President Robert Lowell Moore of the Sheraton Corp. of America, Investment Trust of Boston put its capital into real estate and closed-end investment trust shares, then dirt cheap. In the last ten years, its shares have increased in value by 1,220%, more than those of any other U.S. investment trust. But little effort was made to sell its shares until recently...
Fifty Wellesley girls have been hand picked to attend a dance for all Princeton rooters, students, and alumni this evening at the Sheraton Plaza Hotel...
...hotel chains have drawn up ambitious building plans. Statler, which has started work on a 450-room, $7,000,000 hotel in Hartford, Conn., will soon begin a $15 million, 1,000-room hotel in Dallas. Sheraton, in addition to its new $14 million Philadelphia hotel (TIME, July 6), will add 200 rooms each to its hotels in Baltimore and Rochester, 600 rooms to the Chicago Sheraton...
...Sheraton Corp., which has 30 hotels in 24 cities, will build a $14 million, 1,000-roorn, air-conditioned hotel in Philadelphia's new Penn Center (TIME, June 1). Planned to be 20 stories high, it will be the first new large hotel to be built in Philadelphia in almost 30 years...
...SHERATON Corp.'s President Ernest Henderson, who buys and sells hotels so fast that he is never quite sure how many he owns, bought control of two more: Washington's 300-room Carlton, a monument to old-fashioned elegance, and the 1,300-room Wardman Park, biggest in the capital. Price, including an interest in an apartment house and an office building...