The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1922-04-06


Calls for More Than Million.
The complete details of the deal
were not made public. 1t was stated,
however, that the total consideration
from the lease for the term of ninety
nine years would be more than mill
lion dollars, indicating that the annual
rental will be in excess of $4,000. It
was also stated that the annual rental
agreed upon in the lease was consider
ably in excess Of $4,000, the amount
paid by lease secured by the late
Charles Pacini for the same property,
and later returned to the owners of
the property by the heirs of the Pacini
estate.
The lease carries with it privilege
to buy the property at any time within
ten years for $150,O00. It carries no
stipulation that the new leasee is to
build on the property within a stipu-
lated time such as was carried in the
lease held by Charles Pacini.
The heirs of the Eichelman estate
who signed the lease are Ben Eichel-
man, Henry Eichelman, Mrs. Myron
Hale and Mrs. Henry Hageman.
Has Interesting History.
The hotel building which is named
in the lease is located at the corner
of Wisconsin and Main streets and has
one of the most interesting histories
OF any building in the city. The site
was soon recognized as valuable one
for hotel property and for years there
has been located there the leading ho-
tel of the city. Originally the hotel
was known as the Grant House, later
becoming the Hotel Eichelman under
which is was operated very success
fully for many years.
The opening of the Hotel Grant was
one OF the most interesting social
events in the history of Kenosha and
since that time the building has con-
tinued to be one of the business cen
ters Of the city.
About twenty years ago it became
the Hotel Borup and few wears later
the Hotel haywood, as it is now known
and operated by Norman J. Ross.
All Leases Terminate.
Arrangements have been made bv
the owners of the property that all of
the present leases for rooms in the
building will terminate in short time,
leaving the new leasee free to carry
out whatever plans he may have for
the building. The lease for the hotel
property proper will terminate on Nav
LIST and the Korf store lease year
later.
No announcement was made today by
Mr.. Schwartz as to whether any of
these leases would be renewed other
than that he planned extensive i'm
provement in the building such as in
t1mated the termination of the leases,
To Remodel Completely.
1t was stated that the plans for the
building for the immediate future pro-
vided for transforming the entire low
er floor of the structure into business
rooms with a small hotel entrance
There will be two store rooms front
ing on Wisconsin Street and three
more fronting on Main street in place
of the two now there in addition to
the hotel lobby. The dining room and
cuisine department of the hotel now.
located on the lower floor of the build
ing will be moved to the second floor.
where the entire building will be re.
built.
The hotel plans will provide for the
changing of the present quarters so
that they will provide seventy-fve
rooms with bath, entirely modern.
1t is estimated that the remodeling
of the building, which is expected to
start in the near future, will cost in
the neighborhood of $4,000.
Have New Structure Planned.
While the immediate plans for the
new leasee of the property do not pro-
vide for the construction of a new
building, it was intimated that the ul-
innate plan will be for the building of
an entirely new hotel on the site with
in several years.