The San Francisco call., 1908-10-18
British Syndicate to Buy Prop
erty From the Pacific I'M
prOvement Company
Sale TO Include Hotel, Park and
Pine Forest at Famous
Resort
Price TO Be Paid for Holdings
Is Said to Be Over
S2,5OO,OOO
New Owners Will Make Place q
Link in Chain of Tourist
Establishments

Negotiations, conducted
with great secrecy. have al
most been completed for the
sale of the Hotel del Monte,
its beautiful grounds and the
famous pine forest to a syn
dicate of English capitalists.
The price is said to lie be-
tween S2.5OO.0OO and S3.0OO,0oo.
Although It has been known for
some time that the properties,
which are owned by the Pacific
improvement company, were for
sale, this IS the first genuine Of
Ter TO purchase. The English syn
dicate desires TO operate the
hotel and its surroundings in con-
nection with chain of tourist
Establishments which it controls in
Canada.
The negotiations have been conducted
on behalf OF the foreigners by. De
Putron Glidden. z British capitalist,
who spent some time st the Fairmont
hotel and left last Friday for Del Monte.
He has had several conferences with
the men in control Of the Pacihc i'm
prevement company and is now inspect
ing the property.
The deal, as contemplated, embraces
the picturesque tourist hotel the park
that surrounds Il, the lake, the race
course, athletic grounds and the two
ranches that make up the $4,000 acres
bordering the sea through which runs
the Il mile drive. It is stated that the
British syndicate will also take over
the Pacific Grove hotel
CROcKERs INTERESTED
The CROKER estate owns a half in
terest IN the Del Monte. property and
the greater part of the remaining hold
ings are vested in the Stanford and
Searles estates. On the board Of di-
rectors Of the Pacific improvement
company H. G. PIatt and c. E Green
have acted for the Crocker estate. c.
C. Lsthrop for the Stanford estate.
and T H. Hubbard has represented the
Searles interests.
Although all parties concerned have
observed the greatest secrecy in the
matter. it is stated that an agreement
has almost been reached
1T Is true" said II. G. Platt last
night, that the hotel and the sur
rounding property at Del Monte have
beer for sale. AS far as Mr.. Glidden
snd his mission here are concerned. !
viii say that I am acquainted with
there is anything TO be said in regard
70 the matter I must refer you 10 Mr..
GIidden."
PoLHEgTUS RETICENT
J. E. Polhemus. secretary OF the Pa
cine Improvement company. also ac-
lznowledged that the property had been
on the market.
sThe property has been for sale"
said Polhemus. '.and we have been
waiting for some one TO pay our price
That is ALL Yes. I met Mr.. Glidden
while he was in San Francisco
CSlidden was interviewed last night at
Del Monte and expressed surprise that
the news Of the negotiations had be-
come public
FOR the present" said Giidden. =
an not at liberty to discuss the mat
ter I assure you. however, that when
the negotiations reach the stage when
something definite can be announced
shan be pleased TO give you the infor-
nation.
The negotiations for the sale Of the
hotel Del Monte and its surroundings
viii interest travellers throughout the
world for the resort has assumed z
definite place in the life OF California.
II is known TO tourists in every corner
OF the globe and in q way has been q
typical embodiment of the spirit OF the
state with its combination Of sea and
forest, sun and fog, gorgeous colorine
and wonderful vegetation.