Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1915-12-11
Park Place Structure to
Be Managed by United
Hotels Go.
LATTER'S PRESIDENT
VERY ENTHUSIASTIC
+. A. Dudley Declares Hotel
VIII Prove Factor in Adj
yancement of Newark.

An epoch7making event in the his
tory of Newark occurred late
Yesterday afternoon, when lease for
the tenancy of the new Park Place
Hotel was signed in the Offices of the
Fidelity Trust Company.
Under the terms of the lease the
structure, which is now nearing com
pletion, Is to be operated by
company controlled by the United
Hotels Company, which conducts a
chain of hotels throughout this
country and Canada The lease is
to- run for thirty years, at a rental
which Is. fixed on percentage basis,
and which, 1t is estimated, will
amount to about $65s000 a year, What
the hotel will be called by the lessee
and who will be it's local manager are
questions that have not yet been de-
terufjned.
That the hotel will do much for
Newark and that Newark may do
much for the hotel was the declara-
tjon of Frank A. Dudley, president of
the United Hotels Company, who,
in a talk with an Evening Star
man, after the signing of the lease
spoke Enthusiastically of the possible
ties and probabilities that are opened
UP by. the now certain realization Of
the munieipality.'s dream of years.
Praises for Promoters.
Newark" said Mr.. Dudley, in the
course of the interview, doesn't yet
know what it owes in this matter to
the Fidelity Trust Company and, par
ticularly. to its president, Uzal H.
McCarter. but and other hotelmen
do know. This hotel will prove to be
one of the finest things that has ever
Il -. 49,. - x.
later, the men who have brought the
project to its present high plane-the
men who had the courage to under
take the work and the brains to carry
their plans to a successful consumma
tiofi>-wilI deservedly receive thecredit
that is clearly their due. 1t was these
nief-the personnel behind the project
that first attracted US to the possi-
bilities here"
What was done yesterday was the
final step in the negotiations that.
have been under way almost from TIE
time Mr. MeC'arter declared in pub
lie address that il no one else could
be found to undertake the task OF
completing the ilotcl IN time for New
arkss birthday celebration next year,
the Fidelity Trust Company would not
only see that the structure was
built. bift would find for 1t tenant
rflat would be big enough and exps4
rienced enough to pay the necessar-
iiy large rental and to conduct 1t III
a way that would reflect credit on the
city. 1t was agreed on all sides at
that time and on subsequent occa.
sions when Mr.. McCarter relterateo
his rtAtaments in correction with the
matter that it was no trifiing task to
which he had pledged himself and the
company of which he Is the head, but
il was soon made plain that as big as
the task was, it wasn't too big for the
Fidelity.
As, soon as, it became clear that a
n,,s,,Y,er OF men who had been flirting
with the project could not or would
not attempt to swing 1t, the fidenty
tackled the job with its customary
vigor and skill. It was directly IN
terested in the enterprise because as
the executor of the VIII ana trus'ee
oe the estate of Philip n. jackson, 1t
Controlled the land upon which the
structure is built. 1t soon found lts
rork cut out for it. Here. there ana
evervwhere there were business PROP
1a,,,ss III he met and solved; IN ana
aro,Ird the project there were legal
can1,lications and legal actions In
f,ewi,derine-; maze. Unpaid workmen
who had been * engaged under tne
regime of the original promoters u
The enterprise olamored Tor tnelr
money; supply houses sprang up WIN
other claims; promoters anu prospeo pnst,oss
tors appeared with susses.itthh's tha
'1,,d ofsers. and to cap the climax the
iaresat I,a mechanics lien that was ever
.'aceerdad in Essex county was piaceu
on the building.
Opening Next Spring.
:. x.x.. -..o.. t1,afrae strnirht-
aned Sout. by Mr.. McCarter anu ene
Tideiitys. general oonnsel, b1uis Trd
t4sr5 The cornpany's trust ofbcer, Ed
IYeS Prnden, was busy in another
Ws,sant;a,, soon a force Of men was
~ xeor,r putting the partially COM
1siatad hotel in shape and protectlng
itssTo,, the elements, and then cane
ts,a announcement that the contract
~ scnn,nleting the structure na.d
baa,, awarded to the George A. 'F'uller
f,e,,,nanv of New York, by the New
srir Hotel Investment Company. a
bnIds,1p corporation which had been
r,rraniZed by the Fidelity. Almost as
soor, as. the construction COMPANY
rot busy on its $472,000 job the trust
company set out to find a tenant lot
the place. 1t was understood that'
the hotelawas to be completed py
April next, and that It was to be IN
operation by the first of the following
month, but to find a tenant plg
enough to pay the required rent ana
ernerienced enough to make certain
the success of the enterprise was not
am easy thing to do. 1t wasn't long,
however, before the Fidelity officials
got in touch with the United Hotels
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