The Washington herald., 1922-07-23
HOTEL WALKER
FIRST MORTGAGE
NOW RECORDED
I Financing Company Un-
derwrites Project for s4.-
000, 900 on 1st Mortgage.
CONTRACT AWARDED
Excavation of Tract to Be
Immediately Begun on
Walker Site.

a direct closed nrst mortgage for
s4.ooo.00o, covering the site. build
ing. equipment and furnishings Of
the palatial Hotel Walker. TO be
erected at the southeast corner OF
Connecticut avenue and DeSaies
street northwest went on record to-
day.
The mortgage Is by far the
largest ever fled in the District OF
Columbia, covering private enter
prise. In actual size also 1t sets
record with over 100 book-size
! printed pages.
The borrowing corporation Is the
walker Hotel Corporation. The
directorate of the hotel corporation
includes some of the city's most
prominent business and professional
men The directors will be an
nounced within a few days.
The lending corporation is the
American Bond and Mortgage Com
pay of Chicago and New York, of
Which W. d o1OOEc 10 PICSiNchhs
The American Bond and Mort
gage Company has announced its
offering of $4,000 real estate
gold bonds. Z per cent interest.
dated June is, 1922, and due serial
ly June Is. 1894 Large reserva-
tions of these bonds already have
been made. not only in Washington.
but throughout the pricipal cities
of the country.
Delaware Corporation.
The Walker Hotel Corporation is
organized under the laws of the
State of Delaware.
The company will own and op-
Serate the new hostelry. One of the
best known hotel executives In the
country will be placed in charge.
The construction of the hotel. de-
Rlayed several weeks, because of the
tremendous task of compiling and
working out the details of the mort
gage, will be started at once.
Contract Awarded.
Excavation of the immense tract
has been awarded on contract to
w. F. Brenizer. who, Tuesday viii
place a battery of steam shovels
at work. 1t is estimated that the
excavation alone will require four
months. 1t is hoped to complete
the building within the year.
Hotel walker. according to the
pIans. will be thoroughly in keep
ing with the beauty and grandeur
of athe National Capital, and espe-
cfai interest is taken in the enter
prfse because of the strong effort
being made at this time to make
washington the principal conven-
ton city in the nation.
To Have 1000 Rooms.
The building will contain over
900 rooms, above the second floor
Itswil face on three streets, Con-
necticut avenue for a distance OF
153@feet, DeSales street. ASS feet
and Seventh street 14o feet,
covering an area of nearly $4,000
square feet.
The Connecticut avenue section
viii be eleven stories in height and
will be devoted exclusively to hotel
purposes. The Seventeenth street
section will be eight or nine stores
in height and will be operated as an
apartment hotel under the same
management.
The first two floors of the entire
! structure will be devoted to public
rooms, lobbies. restaurants, ball
| room, lounges. palm court with
promenade or Peacock alley twenty
four feet wide and extending over
4os. feet.
Concreate and steel Structure.
THE construction will be of REIN
forced concrete and steel. nreproof
throughout The exterior VIII be
of Indiana limestone extending up
ward for three stories with rough
| faced brick and terracotta above.
The architectural style is\ after
the Italian renaissance and the
| building Is SO planned that every
room faces upon the street. All
walls will be soundproof and every
kmodern convenience, comfort and
luxury known to modern hotel de-
ign. construction and operation
SflT be included 1t Is the purpose
bf the owners to make the Hotel
Walker equal IL not superior to any
hostelry in the country.
~ Plan Gorgeous Interior.
The interior design and the fur
hishings and equipment will be In
keeping with the high character Of
be establishment.
The architect Is Robert +. Beres-
ord. Associated with Mr.. Beres-
ord are Warren and Wetmore, of
Sew York. architects of the Bilt-
more, Commodore, Ritz-Carlton and
hany other great hotel palaces in
lew York, Atlantic City. and other
tties, the Grand Central station
nd many other magnificent build
hgs.
Location of Hotel walker on
pnnecticut avenue midway be-
Feen the White House and Dupont
rcle. Is another tremendous for
ard step for this great thorough
kre. SO often called washington's
Fifth avenue"
The hotel. including building
te. furnishings and equipment.
i'll represent an Investment of
pore than 100000 when conn
eted and ready for formal OPEN
9. Il Is the largest private en-
rprise ever undertaken in the
Rtionai Capital and is one of a
ries of major transactions direct
by the Walker organization.
he tomb ~ nDc<ed by natives