Word: statler
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...there. Of course the snow hindered us, but what is one hindrance more or less. Refreshed we made the last nine inches in ten flat. And what do you suppose we found? Well, some one had evidently climbed the dear old mountain before. For there was a bright, shiny Statler Hovel, newspapers at every door...
Ellsworth Milton Statler went to Port Huron, Mich., where Michigan Hotel Association members were in convention last week and explained the chief reason why innkeeping is not prospering. There are too many hotels. Hotels are built without adequate forethought or fore-consideration of a community's needs...
Hotelmen know Mr. Statler, greyling, sexagenarian, for the most human of competitors. They know that they may come to him for advice on operating their inns. They send their sons to train in his hotels-the Hotels Statler of Buffalo, Cleveland, Detroit, and St. Louis, the Hotel Pennsylvania in Manhattan. They count on easy entree to the Hotel Statler now abuilding on Park Square, Boston. He conceals his affairs so little, that he often, without forethought has exposed to strangers confidential reports on which his associates have spent hours of labor. Yet he does not thereby endanger the success...
...buying or leasing land that he finds his greatest difficulty. Realtors and mortgage underwriters dash at his office in Manhattan with flashing descriptions of their land values. Let Mr. Statler promise to build a hotel anywhere from Trenton to Tacoma. they will see that it is financed. They do not realize that he finances his new hotels from the operating profits of his old, and that, if he were to go to public financing, humanitarian that he is, he would want to be certain that not only were promoters prosperous and bondholders satisfied, but also that preferred shareholders received their...
...hotels pay dividends to their shareholders, a fact that was in Mr. Statler's mind when he ended his Port Huron talk by saying, "It is time cut-throat hotel building was stopped. New projects should be based on facts-not hopeful fancies...