Magazine content is available exclusively for TIME subscribers.CORPORATIONS: Hilton Rides Again
Hotelman Conrad Hilton, who hates to pass up a good deal, last week was busy roping still another hotel into his bulging corral. Hilton announced that he had bought Houston's lavish (TV, air conditioning, Muzak, a 165-ft. swimming pool), 1,100-room Shamrock Hotel, opened in 1949 by Wildcatter Glenn McCarthy. The seller was the Equitable Life Assurance Society, which took over the $21 million hotel in 1952 as part payment on a defaulted $34 million loan to McCarthy Oil & Gas Corp. Equitable's price to Hilton: $18 million, including $7,000,000 for 500 surrounding...
Email, Password or Region is incorrect
A required form parameter was missing.
The System is currently down. Please try again in a few minutes.
Email Address is invalid
Password is blank
Most Popular »
- Top 10 Celebrity Restaurants
- Facing the Challenge of China, Should India Embrace the U.S.?
- The Grand Canyon Bans Sales of Bottled Water
- FBI File on Steve Jobs Probed Apple Founder's Drug Use, Character
- Why Is Your Boss Moving to Brazil?
- JC Penney and Ellen, Lowe's and All-American Muslim: A Tale of Two Bigotries
- Four Ways the U.S. Could End Up at War with Iran Before the Election*
- Top 10 Creepiest Product Mascots
- Earth From Above: The Blue Marble
- Oscars 2012: Great Performances
- The Upside Of Being An Introvert (And Why Extroverts Are Overrated)
- Parenting Advice: What Moms Should Learn From Dads
- Baby Einsteins: Not So Smart After All
- Advice for Coddling Parents: Put Baby to Bed Alone
- Secrets of the Shy
- Nigeria: The Power of Juju
- The Pope on the World Economy: Prophets, Not Profits
- Go Western, Young Man
- Why Is Your Boss Moving to Brazil?
- Haiti Papers Over the Past: The Rebranding of 'Baby Doc' Duvalier
More News from Our Partners
Top Stories on TIME.com
Quotes of the Day »
