Man About Hotels: LAURENCE ALAN TISCH

EVERY hotel in New York is obsolete. The city is crying out for new hotels." So says Laurence Tisch, 37, the liveliest and fastest-moving young man in the U.S. hotel business.

With his brother Preston Robert Tisch, 34, Larry Tisch has run up a $65 million fortune in real estate, mostly by building, leasing and selling hotels from Florida to New York. Now, as chairman of Loew's Theaters Inc. (no theaters), he is moving the sluggish old theater chain into new real estate ventures—beginning with some changes in the Manhattan skyline.

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