Business: Bobo-Bowman

Capt. Stephen N. Bobo, president of the Development Service Corp., knows how to build hotels; John McEntee Bowman, president of the Bowman-Biltmore Hotels Corp., knows how to operate hotels.

Last week Mr. Bowman, as president of another company (Bowman Management, Inc.), made a deal with Mr. Bobo to operate hotels that Mr. Bobo is building in Lowell, Mass., New Brunswick, N. J., White Plains, N. Y., Jersey City, N. J., Yonkers, N. Y., and will build in similar communities throughout the country.