The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1908-03-21
Pensacola's Rare
Opportunity.

SlCCAF~Nt@AANJ
The people Of Pensacola are by this
1ime fully informed of the facts as TO
the proposed new modern hotel for
this city intended 10 fully meet the
largest demands which may be made
upon it and pt1 the city in the up-tO-
date class in the vital matter of ade-
euate hotel facilities now 50 conspic-
uoaslv absent.
For several days past The Journal
mas published elaborate details on this
subject which was reyitalized by Mr..
Hervey. the famous Mobile hotel man,
whc came here to attend the recent
banquet given by the Chamber OF Com
merce. UT Hervey was deeply i'm
pressed with the possibilities of Pen
sacola as a great gulf port, with an
uneQualIed harbor and genuinely
amazed TO learn how inadequate We're
our hotel facilities 10 encourage trave!
here aud give the. city such repu-
tation abroad AS only hrst-class no
tel can. With expert knowledge and
quick. broad perception of the stu
alton. he saw the conditions at once,
and realizing that a rare business
opportunity, perhaps mequalIed in
America, was being permitted 10 gol
literally 10 waste here, he madeI
his proposition and took the iniria-
i've, which We have every reason tol
believe will result in large modern
motel for Pensacola
g,-,iT- 1,.v-C Nnan Ff,IIV
forth in The Journal. bur it is not out
OF place to summarize them: Mr.. Her
vey's proposition - that the hotel
shall cost not less than $350,060, in
Guiding me site a cohl pauy is 70 bel
Organized 10 raise the funds and erectI
the structure II is the purpose
that from $l5O.0oo to 100000 viii be
ralsed BY subscriptions for stock, ana
me remainder viii re secured oy
bonds guaranteed by mortgage on the
property
The plan is obviously sound and
practicabIe, ara u has succeeded very
many 1iInes without qualification inl
various parts Of the country where
ever there was al ambition 70 Duild
up a ia-ge local enterprise.
Our good fortune here iu Pensacola
in this instance is slaa one Of The
most successful -hotel men in thel
South, q. in the entire Union, for that
matter. whose efficiency and reEabil-
~ sre beyond question. has got I'M
ocacl, with the situation and the OPT
purtunity here, and has volunteered
10 furnish and operate the hotel when
completed. take lease for fifteen
years. and guarantee the investors in
the property six per cent. annual IN
terest on their money
Il i doubtful if a better proposition
was ever made to any city, The
greatest difficulty in such enterprises
has been to meet the man who had
the high order OF executive ability to-
successfully manage such a property,
ana Pensacola is exceptionally forta-
nate in the warm cooperation OF Mr.
'Herrey To help us in this matter To
say morning OF his other work in
other cities, his admirable administra-
ton Of che great Cawthon hotel N
Mobile has really done more ~ SpASod
the fame of that city as tourist re
sort all over The North and West than
any othsr half dozen agencies ther6,
and As a result that hotel IS a paying
eGterprise.
AR Hervey Is large-minded man
VINO thinks in "a large WAY, and he is
veritsble captain Of industry in the
hotel business We are fortunate, in
deed. to have secured his wise sug-
gestions and active aid in realizing
our supreme need here in Pensacola
la great modern hotel. He is a man
OF facts and figures, and he would
never consens TO go into this ezteI-
grise, put $75,0ao in furniture and
guarantee the Investors six per cent.
on their investment unless he saw
clearly as a business man where the
returns were 70 come from,
Ana how can any man of common
sense. even without expert hotel
knowIedse. doubt the merit of the in
yesfment2 Search every state in the
Union and you viii find that it is a.
rale without exception that no city
s-sws unless her hotel facilities take
the lead. Man seeks his creature com
4nrts hgst even in rude primitive