The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1874-09-24
new YORK HOTELS.
The Great CafavansaFies, Their
Cost, and Earnings.
From the New York Herald.


From the New York Herald
The Fifth Avenue, including stores,
rents for 100000. The lessces pay
taxes, assessments, and repairs-a total
of about $250,000. The average an
nual profits of this house since its open
ing have been about $25O,OOO. Twenty
five years ago the ground was offered on
ninety-nine year lease at $500 per
annum. The lots on which this build
ing stands could have been bought in
1883 for $4,000 per lot. 1t accommo.
dates $50.
The Windsor is leased for ten wears
| at $l25,OOO per annum, including the
whole building, which cost over ST. ,O00,-
600. The land it occupies is valued at
$800,000. This is the last great hotel
opened to the public. It is superb and
complete in all its appointments, and
already enjoys worldwide reputation.
It 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 $4,000, includ-
ing stores. It is an admirably conduct
ed house on the European plan. It ac-
commodities 200.
The St. Nicholas rental is $Q5, 900.
without stores. The owners of the
building retain one-half the net profits.
This house is very well 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 $105, 900,
| which includes several stores. 1t ac-
commodities 1926.
The Hoffman rents at $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
rentals 5000. Itaccommodates 2o5.
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 Breyoort, Clarendon, Everett
and Albemarle are all very successful.
The proprietors 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 Fiftieth street and Fifth
avenue, facing the Cathedral. It's own
err, the well-known druggist, Mr.. George
Kemp, is sparing no expense to make it
a most attractive establishment. Mr..
Waite, Of the Erevoort, 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 DC com.
pleted. It's present cost, including land
is over 81, 2C0, 900, and 81 ,0C0, 100 would
be required to finish it. This would
imply rental Of 1926, 900 to pay its
owners I per cent. on the investment.
The lots are now offered for sale sing.
ly.
The Grand Central comes under the
head Of second class hotels; its rental
is about 5000 without stores. 1t is
very we'll conducted, and it's proprietor
Mr.. Powers, who commenced life at tho
lowest round Of the ladder, is now mil
) lionaire. 1t accommodates 900.
The Aston rental is 5000 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 we'll managed ant
generally doing well, such as the ST.
Cloud, Sturtevant, Coleman, &c.