Word: zeckendorfs
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...ZECKENDORF HOTEL site in Manhattan will probably be sold to Uris Buildings Corp. for $9,000,000. Ballyhooed as the first major Manhattan hotel to be built in 30 years, the Zeckendorf, without enough financing, remained just a hole across from Rockefeller Center. Rockefellers wanted a hotel on the site, but Uris plans office building...
...ZECKENDORF HOTELS will discontinue their 130,000-credit-card system in favor of American Express card. Reason: it is cheaper for hotels to pay American Express a 3% billing charge than to run their own system...
...ZECKENDORF'S Webb & Knapp has dropped plan to buy 20th Century-Fox's 267-acre movie lot in Los Angeles and develop it into $500 million "Century City," needs its cash for other developments. Kratter Corp., New York realty investment company, will pay $43 million cash for the property, build middle-income housing and shopping centers. Webb & Knapp still plans a 950-room hotel...
Last week the last act came for the Roxy. Manhattan Real Estate Tycoon William Zeckendorf announced that for $5,000,000 he had bought the theater from Rockefeller Center Inc., which bought the Roxy in 1956. He plans to tear it down to build a $12.5 million, 900-room, 600-car-garage addition to his Taft Hotel, making it one of the largest hotels (2,500 rooms) in New York. Zeckendorf, who, like other large realty operators, has had trouble rounding up all the financing needed to construct his 2,000-room Zeckendorf Hotel, is still negotiating the financing...
...Columnist Walter Winchell reports that Zeckendorf and his son were riding through Manhattan when William Jr. pointed to a skyscraper and said, "Dad, I hear that building can be bought for $50 million." "Yes," replied Zeckendorf, "but they want $50,000 cash...