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...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

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