In recent years, many lines of business have witnessed the growth of large consolidated companies operating a chain of establishments located in various parts of the country. The hotel business has seen developments of this order; and it is now reported that two such chain-hotel concerns are shortly to make their bow to the investing public.
One, the United Hotels Corporation of America, controls 51% of the common stock of 18 hotels, most of which it also operates itself. The other company is the Bowman-Biltmore Corporation, which controls the Biltmore, Ansonia, Commodore, Murray...
To continue reading:
or
Log-In
