Bisbee daily review., 1907-02-26
BUYS
 PASS CITY HOTEL
DeGroff, Formerly of Tucson,
 Purchases Sheldon Hotel at Fl Paso--ConSideration Is S350,00G. .---

On Thursday Charles DeGroff, for. merly resident of Tucson. where he and Mrs. DeGroff owned the orndorf hotel in that city and where Mir. De- Gron was postmaster during the Cleveland administration, purchased the Sheldon hotel in El Paso. Mir. and Mrs. DeGrofl have owned the Orndorf hotel in Fl Paso since they left Tue son several years ago. The orndorf is one of the popular hotels in the Pass City.
 The following telling of the pur- chase of the Sheldon property by Mir DeGroff is taken from the Fl Paso Herald:
 The largest property deal in the history of Fl Paso was consummated late yesterday afternoon when Chas DeGrof, proprietor of the Orndorff hotel, acquired three of the finest pieces of property in the city, as fol- lows:
 The Sheldon block, bounded by St. Louis, Oregon and San Francisco streets and Pioneer plaza. The Shel- don hotel building is five stories high, built of pressed brick and is one of the mott imposing structures in the city. It is one of the oldest and best known hotels of the southwest and has for years been operated under ] the management of John W. Fisher Tract just east of Federal building, 1 95 feet on St. Louis street and 133 feet on Mesa avenue.
 What is known as the "airdome" | property, just east of the city hall, 145 feet on San Antonio street, 135 l feet on Myrtle avenue, 175 feet on | the east line and 120 feet on the west | line.
 l The property purchased is known [ as the Sheldon holdings in Fl Paso and was bought from l.. NJ. Sheldon of New York city. The exact amount
 of the consideration has not been an.
 nounced, but it is around s350,00O.
 MT. DeGroff, the purchaser of the property, said that the deal had been pending for some time, but no agree
 nent on terms was reached until yes terday afternoon when the deal was cousummated.
 This is the largest real estate dea ever closed in Fl Paso and by it have come into possession of three ot
 the finest pieces of property in the city" said Mir. DeGroff. At this time
 do not care to announce the con sideration but it will be safe to state
 that the figure is around the $350, ,00(
 mark"
 According to the terms of the sale
 Mir. Fisher, the present manager O
 the Sheldon, is to continue in charge
 of that hotel until the expiration O
 the lease, which will be three yeari from now What disposition of tho
 hotel will be made after the expira
 ton of the lease Mir DeGroff has no
 yet announced, but it is more thar
 likely that he will take charge of ana
 manage the hotel in connection witl the hotel Orndorff If this decision should be reached the Sheldon will b,
 extensively improved and modernl! . equipped.
 Mir. DeGroff was asked if he con temDlated any improvement on tn [ other pieces of property which he SC cured in the deal. He said: of cours,
 I expect to put Up-to-date buildings ol
 the property when the proper time ar
 rives. I have just bought the proper : ty and have not yet had time to aI ' range any plans, but in the near flu ture l expect to make extensive i'm , movements.
 T was urged in making the big dea - by the rapid growing of Fl Paso. l have great faith in the future of ih l city and am sure that within the mex [ five years Fl Paso will have mad ? rapid strides towards being a metro g politan city"