HOTELS: No. 9 for Statler

Ever since the Depression caught U.S. hotelmen overexpanded, they have been chary of risking money on new hotels. In 20 years, only three big new hotels have gone up: Cincinnati's Terrace Plaza, Washington's Statler, Houston's Shamrock.

In Manhattan, big (6 ft.), drawling Arthur F. Douglas, president of the Hotels Statler Co., Inc., thought it was time for a change; the nation's growth had made the caution of hotelmen shortsighted. Last week he signed construction contracts for a new $20 million Statler in downtown Los Angeles. It will be the biggest new U.S. hotel since the Waldorf-Astoria.

The new Statler, ninth in...

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