The Grange advance., 1874-09-23
new YORK HOTELS,
Inc Great Caravansaries, Their
Cost, and Earninxs.

The Great Caravansaries. Their
| Cost, and Earninxs.
| From the New York Herald1
The Fifth Avenue, including stores,
rents for 100000. The lessces nav
taxes, assessments, and REPAIRS total
Of about $250,0OO. The AVERAGE an
nual profits of this house since it's onen.
ing have been about $250,0OO. Twenty
five years ago the ground was offered on
nlnety-nine year lease at $500 ner
annum. The lots on which this build
ing stands could have been bought in
1858 for $4,000 per lot. 1t accommo.
dates $50.
The Windsor is leased for ten wears
at $l25,0OO per annum, including the
whole building, which cost over 81 .0OO.-
OOO. The land it occupies is valued at
$8OO,O00. This is the last great hotel
opened to the public. 1t is superb and
complete in all its appointments, and
already enjoys worldwide reputation.
1t is to-day the finest hotel in New
York, and nine. Christine Nilsson, who
makes it her home, and whose expert
| ence in both hemispheres is very extern
sive, says, ''It's the finest hotel in the
world It accommodates 525.
The Gilsey rents for $85,0OO, includ-
ing stores. 1t is an admirably conduct
ed house on the European plan. It &C.
commodities 200.
The st: Nicholas rental is $4,000,
without stores. The owners of the
building retain onc-haH the net profits.
This house is very we'll managed. Its
present senior proprietor has few equals
IN this business. One year this house
netted 100000 profits. It accammo-
dates 600.
The Metropolitan rental is $lO5, 900,
which includes several stores. It ac-
commodities 325.
The Hoffman rentsat $4,000. This
house is admirably managed, and is
deservedly popular. 1t accommo-
dates 225.
The Brunswick is kept upon the
European plan. Its cuisine is in high
favor. Over 100000 was spent in
1873 upon the improvements. The
rental is 1856, 900. Itaccommodates 225.
The st. James has recently passed
into the hands Of Senator Jones, of
Nevada, who is fitting it up, regardless
OF cost, for one of his kinsmen, Mr..
Jones, Of the Hoffman House. It ac-
commodities 225.
The Brevoort. Clarendon, Everett
and Albemarle are all very successful.
Ihe proprletorS commencing in some
cases With little or no means, are now
all wealthy. The Buckingham is to be
the title Of the new hotel erecting on
the corner Of F;ttie,h street and Fifth
avenue, facing the Cathedral. It's own
er, the well'known druggist, Mr.. George.
Kemp, is sparing no expense to make 1t
a most attractive establishment. Mr..
Waite: Of the Brcvoort, whose capacity
is we'll known by all travellers. is treat
ing for the lease. The Knickerbocker,
commenced at Fifty-ninth street and
Fifth avenue, will probably not pc COM
pieted. Its present cost, including land
is over 81 200, 900, and ST ,OCO, 900 would
be required to finish it. This would
imply rental of $225, 900 to pay it's
owners I per cent. on the investment.
The lots are now offered for sale sing
~.
The Grand Central comes under the
head Of second class, hotels; its rental
is about $4,000 without stores. It. is
very well conducted, and it's proprietor
Mr.. Powers, who commenced life at the
lowest round of the ladder, is now mil
lionaire. 1t accommodates 900.
The Astor rental:is $4,000 without
stores. It accommodates 325. Its res
taurant and bars gross receipts aver
age $500 daily.
There sre large number of smaller
hotels in New York well managed and
generally doing we'll, such as the. St.
Cloud, Sturtevant, Coleman, &c.