New Britain herald., 1922-05-29
NEW S9O0,0OO HOTEL
 NOW SEEMS ASSURED
Chamber of Commerce Directors
 Get Back Of Movement
ON ST. MARKS PROPERTY
Mayor on Committce-Comme Trust Will Take 50 Per Cent of First Mortgage Bonds.

Isaac Black, F. J. Porter. Judrc Eeorge w. klett, Howard l. Platt and Mayor A. M. Paonessa were nam ed today as committee by w. C. Hungertord, acting president of the Chamber of Commerce, to investi- gate and make recommendations on the proposed new s900OO0 hotel at west Main and Washington streets. rms action was taken during the course of the Monday nooday lunch or the directors of the Chamber. Loomis Explains. Mir. Hungertord presided as Presi- dent John c. Loomis took the floor and explained the hotel proposition and the connection the Commercial Trust company has with it. Mr. Loomis spoke as follows:
 As you are doubtless aware the Commercial Trust company is the owner of real estate known as ''The St. Marks property"
 It is proposed to build on that property a banking home which in it's architecture and general arrange ment will be an ornament to the city. The land required for this structure will take about one-fourth of the area of St. Marks church property, and the Commercial Trust company is naturally concerned as to the charac- ter of the buildings that may be erected on the remainder of this property.
 It is believed that the public also is interested in the kind of struc- ture to be erected. It is desired that not only proper building should be erected there but also that the struc- ture should be of semi public na- ture as we'll as gracing the center of New Britain.
 From interviews with prominent manufacturers and business men of this city it is believed that a hotel on that site would meet with public ap- proval.
 For some time past conferences have been held with prominent hotel interests as to the feasibility of erect ing hotel in this city. And a pro- position to that effect can now be submitted to a committee of the Chamber of Commerce for the erec- ton of a modern and up-to-date hotel.
 Four Locations Considered.
 There are four points to be con sidered in a hotel propositions: First, location: second, design and con- struction; third. management; fourth, financing.
 The location is considered ideal. Expert hotel architects will submit plans of a hotel economical in ar rangement and attractive in it's archi- lecture.
 It is proposed to bring here a hotel thoroughly experienced in operating hotels, thus insuring and economical admins tration.
 A plan of financing on a sound and economical basis will be submitted and in order to give this plan form and substance the directors of the Commercial Trust company at their held last Monday, offered this That the Commercial Trust company will take 50 per cent. of a first mortgage bond issue. total issue not to exceed S450,000 at 5 per cent, provided that the other half be taken by the other corporate inter- ests of the city, and that the total amount of said first mortgage bond issue shall not exceed 50 per cent of the cost of the hotel
 It is desired that the New Britain Chamber of Commerce appoint a hotel committee to investigate, con- sider and make recommendations with the power to add to it's number as many public spirited citizens as it may deem desirable.
 Various directors spoke in favor of he proposition and the appointment of the committee followed
 Drive on Gasoline Prices.
 The gasoline committee reported progress. It was decided to invite he Hartford Chamber of Commerce o cooperate in the move to bring prices down. Prices on gasoline at wholesale rates are two cents higher ,er gallon in New Britain and Hart. ord than they are in Meriden, New Haven and other cities.
 Judge George W. klett reported hat a joint meeting of the Chamber
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