New Britain herald., 1927-10-10
HOTEL DIRECTORS
 VOTE ID SECEDE
(Continued from First Pase)

the American Hotels corporation in 1922 at the invitation of the Cham Der Of Commerce. It was found thai between $50 and 400 tr;.ycliDr men
 pass through New Britain daily. many of whom would avail them selves of modern hotel accommoda-
 uohs Tn the event such project was undertaken.
 Nith thls data at hand, pro-
 posai was advanced that 1o7 room
 pu'ialng be built on q community Supscrlpton basis, and accompanv- !. ing this recommendation was the
 following financial budget:
 construction, including site. fur
 hlShlnsS and carving charges
 %Hoo,ooo, CT which S400.o0o was to
 'e raised by sale Of preferred stock at Sloo share, and an canal amount on a first mortgage , DOT cent loan.
 Under the caption Of Probable income Account" were the follow ing figures:
 Room sale per year. based on room rentals from so 10 s4 day. and 75 per cent occupancy, with 10 per cent Tor double occupancy, sf19.27S. store rentals, s1,0a0; concessions Sl,5oo; clubrooms, SI25o. Total, 5l%214S.
 Items Of expense were estimated as follows: Operation, S52.5oG. l'Nes Sl21oo; insurance, $1,256; in- terest in first mortagc. S20,hgo. siv per cent payment on preferred stock, S2f,ooo. Total $1o9.S5o.
 It was estimated that the earnir-s ch common stock would be se2.eS9.
 Approximately $Sn,onO was raised m a campaign supervised by Hook choury Systems, Inc, Of Harrisburg. Pa'' and the hotel was built by inc IT, |" stevens Co. Of Nov York city L'lhg opened in March, 1921.
 The financial progress oI tho hotel has not h""n satisfactory to inc di- IectorS. Neither has tuc policy Of Management been approved and personal investigation by somc of tho members indicated conditions that brought protest from them. Ii l3 said that the rooms arc rarely more than 50 per cent occupied.
 The elimination Of these coudj- llons came last Tuesday when the directors convened in lengthy SOS son and throshod out numerous complaints and diScresnd their own observations. The result was au- pointment Of a committee consist Ing ot President Isaac Black Judge 5. r. Gaftney, Joseph |. Andrews. William l.. Hatch and Frank N. Holmes. to inform inc American Hotel Corporation that secession is the only means by which the hos terry can bo put upon q paying basis.
 On~tho board of directors of the Burritt Hotel Corporation are men recognized as the leaders in maml- tActuring, business and finance in the city, all of whom have met signal success in their private undcrtak- lnEs. lt is believed that the board t0 q man will remain and take an interest in the new form of man IS"mont when it is brought about. With assurance of their applying to the hotel business the standards Of that has made for their own success a city-Wide prediction of success has been the reaction to to- Jays announcement.
 Discussing the grounds for oh- ! ect'on to the present management, ! President Black pointed out this Afternoon that the local stoCkholi- | ITS were paying on a contract by !! which the American Hotels corpora ! lion agreed to furnish regular udits, inspections by trHveliug stewards, visits by travelling house . ieop"rs, and regular inspections O . he coffee shop. Some Of these dc ! ,artmcnts were never visited and ! many of the audits were made by . he Enrritt Hotel corporation at is . 'Wn expense, hc explained. i
 The fact that there have been | 'iT managers in threo years has llso been q source Of dissatsiac- ! ion, Mir. Black declared.
 Efforts 10 verify a report tha. i Fred Thornton, former steward at he New Britain club will be man ! ger under the new plan, could not 1 ,c verified this afternoon. President Slack declared the appointee has ,ccn selected, but the corporation < not ready to make announcement t this time. Another director indi- I .atod that the manager will be q ocal man,