The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1900-04-27
NEW HOTEL PROJECTED.
Continued from Page one.)

contain pHTIOTS LOT iduieS anu SeHtie-
men, and the balance Of the floor will
be devoted to sleeping apartments.
The fourth and fifth floors will contain
sleeping apartments. some Of them fit-
ted with private bath rooms. On the
sixth floor will be located the dining
room, kitchen and servans quarters.
The estimate sets forth that by this
arrangement all the unpleasant odors
of preparing for the tabI~ will be pre-
vented in the cooking department and
other unpleasant features will be elm
| mated.
ESTIMATED COST.
Many figures are appended to the
estimate setting forth what the building
will cost to manage and what profits
will accrue to the investors. On basis
of 1875 rooms. 80 per cent. thereof being
vacant, it is figured that an average Of
s225 per day per room can safely be de-
pended upon, making a total Of $140.62
per day from that source alone. The
income from the bar and billiard room
is figured at $50 per day, making a net
figure of s20062 per day for 1856 days in
the year, or s73,226.3o for year. The
income from the store rooms in rental
value is figured at $4,000, increasing the
total to $77.726.30.
| The expense incurred in running the
hotel is figured for help $12,240, manager
81, 900, supplies $4,000, a total Of $33, ,440,
or with fixed charges a total Of $44 4,2S6.30
per year for running the hotel. The
fixed charges are apportioned as fol-
lows: In interest on 100000 first mort
gage bonds at s per cent, 5000, interest
on second mortgage bonds at per cent,
IS, 900; tax and water rent $500, insur-
ance $500, wear and tear about 10 per
cent, 81, 4,42s, a total of s17,42S.
| The recapitulation as above is expen-
ditures s44,2S6.30, fixed charges $17,428,
leaving a sinking fund Of s26,S5S.30 per
annum.
Mr. Dougherty stated that $4,000
could be sold at once and that there
would remain $4,000 in stock to be
taken when the building could be COM
menced. He stated that he had spoken
to numerous parties and that the needs
of new hotel in this city were recog-
nized and that generally moneyed men
were willing to invest their capital II
the project is pushed along. He believed
that the figures were accurately set
forth and based upon every day ex-
penses of a modern hotel.
Hon. John E. Monnot arose and stated
that a similar estimate for a large hotel
costing about 100000 had been submit
ted several years ago and that although
the project then met with much favor,
it was declared that only profit Of
about $4,000 per year could be realized
thereonS Other members of the board
expressed their satisfaction in the con-
struction of a new building and offered
to do what was in their power to push
the project along. The rate per day
talked Of by the directors might be es-
tablished at from 81 to SO, and thus at
tract people with money and give them
an excellent impression of the city. 1t
was believed by all that the advantages
which would accrue to the citizens in
general and the business men especially
by this project and the construction Of
the building would ultimately rebound
to their interest. Mr.. Monnot stated
that Dayton hotels averaged large sums
during conventions held there in time
past, simply because Of their excellent
hotels and their spaciousness to accom-
modate large crowds Of people. He was
informed that several hundreds Of thou
ands Of dollars usually are left in the
city by large gatherings, and that by
erecting modern hotel with first class
accommodations this city would ma
terially add to its substantial growth
and improvement.
| 1t Is understood that the Kuhns prop
erty, which is now residential prop
erty, can be purcased for the sum Of
$4,000. This would give the hotel q
frontage Of about 66 feet on Tuscara-
was street and 200 feet on Cleveland
avenue. and &C feet on Fifth street, IL
found necessary.
Properties adjoining the Kuhns es-
tate can be purchased for sums ranging
from 500 900 and up. AS to the location
for the hotel, 1t was believed that the
corner selected would be an excellent
one, considering the fact. as director
stated, that the Hurfords have not
sigified their intentions as to the con-
struction Of building. land nobody ap-
pears to know what they really intend
to do about the place"
Other sites were mentioned in con-
nection with the location Of the hotel,
but none met with the favor that the
Kuhn corner did. Shares Of stock can
be readily sold. one director stated, in
small lots to parties desiring to make
small investments. The present size OF
the Hurford house is said to be 40 feet
frontage on Tuscarawas street and
about 160 feet on Court street. and nat
urally the new hotel building will be
much larger.