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.

...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!