The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-02-03
WALDORF SOLD
TO GEN. DU POINT;
B0LDT RETIRES
Famous Hostelry Taken
Over by Company Headed
by Munitions Maker.
.ASTORS OWN GROUND
Lease of Building Runs Un-
til 1928 at Rcputed $780,
0OU learly Rental.
SUCCESS FROM START
New Owner Largely Interested
in McAlpin and Other Hotel
Properties.
SUCCESS FROM START

The waidor.-Astoria Hotel. At Th.r.
ty..ourth street and Fifth avenue, whicl,
reaches It's twenty-hf.h year mex.
month. passed yesterday into the hands
o, an operating company o: which Gen.
r. Coleman du ront. retired president
.; the du Pont Powder Company. is
ad to have chief control. The an
noincement was made by It's forme.
owner. George G. Boldt. who declared
that the Boldt estate would retain Sub.
s,antial interests In the new company
George c. Boldt, Sr., started the hotel,
made it tho most famous In the coun-
ty and died an II December s, 1915.
ts1ueathing the property TO his son and
h.s daughter. Mrs. Clover Boldt Miles
Although the announcement came as
o. ,omplete surprise. II Is understood
ia. negotiations have been going on
Tor several months. Gen. du Pont must
n"w be considered as among the fore
N'".t big hotel investors In the country.
is holdings in the Greeley Square
Iotel Company, OF which he Is vice.
"sident and director. make him virth-
lily the owner Of the Hotel McAlp,n
sd he is besides the owner Of another
..rge hotel property In Wilmington, Del
Wr. Boldt's Anasancenent.
ir. Eold,s announcement follows:
+i-orge c. Boldt. Jr.. announces the
sanizat!on OF a company to take over
'@ operation OF the Waldorf-Ast6ria
!o,'l. founded by his father and under
PERSONAL management since his
;I,Aers death. which occurred In DE-
.cmher. 1916.
!.icius II. Boomer will be president
a. the new company. WaItou H, Mar
'Hs,,. the prsssnt maRasing director Of
fay he the new managing director Of
the Waldorf-Astoria. II Is understood
hit Gen. Coleman du Pont is impor.
'+Ht!y Interested In the new operating
'rpany. The Boidt estate SIN retains
siosiantial interests in the company"
None OF the details concerning the
fianlial arrangements entered into
v'uld be discussed b. any member VI.
tlo new company. Mr.. Boomer denied
,.at tie hotel was 20 be operated IN
connection With the McAlpin, but said
would be under an absolutely inde-
;'@hdent manaeepent. AS far as can be
armed Mr.. Boldt will take no active
art in the management, ~ tho bo, ri IN
~. .,itu-e Nr p.,n,,sr /. ,n chara. ~
McAlpin and Clar.dge hotels.
= has been estimated that the Wal
''rf'Astoria earned 100000 a year
lrJh;. No appraisal of the value of the
l';el ever became public, even when Mr..
!Ndts will was fled.
Versatile Business Career.
co,, r, c.,.
...n T., n',;.'.i,, "n w Ion. W."
80 ~ ,. '.s' ~. oI' .,eeen'oer -.
,,,H -, ~. ,"e
~ .'nu ''e
..e'i'u,e eehuo'oss: s
r.s hao,, ,,I, a. ,.a,.,a.,,,.I ro'nt o' VIC"
'"s peeh full or versatility and interest.
O. l.king hoid Of work Of widsiv varv,ns M
t5e'.
us father Antoine Bidcrmann du
NJ, had vast coal holdings In Penn
tnia. and. with mis- education fin-
: 'e'', Gen. du Pont -ook up his fathers
h--itess In 1883 he started as chief
'onsul,ing engineer to the Central Coal
'.d Iron Company. and In 1899 became
t".eral manager of the Johrs;own COM
my. in Johnstown. Pa. He WAS then
extensively engaged in various branches
- the coal and iron trade until 1889,
Ven he moved to Wilmington, Del.
"a"re he married a distant cousin, Alice
d. ron'.
1n the death of his uncle. l.. 7 du
,uut, he was invited by his cousins
ire and Alfred l. Ia enter The +. 7
Pont lie Ncmour, Powder Companv.
Goa. ,ln Pom, accented and in IoOo nc.
'.G!ed the presidency of the concern In
'1li. after nearly diving from a sur-
i,al operation which permanentl. IN.
'9paritatcd him for arduous wort hc
,ined his cousins that he uishe,, ~
,"'re. As both his cousins asn,red ~
T. control of the corparv ,rrnuxb ,ho
r.ouisitiop ~ Con ,,m no,,,.s ~.
:; neither one of ,hsr, uor,I ,a, ,n'
h.r have Il, a sccnri,is. co,nr.n,' ,.n. ,n.
formed - " 'o''pa"' WAS
N"p'Ted 10 rresidenc!.