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NEW PROPERTIES AND ADDITIONS ... five hotels added
Openings
In Hawaii the new Diamond Head Wing opened at the Princess Kaiulani, adding another
210 luxury rooms to Sheraton's Waikiki Beach properties. With increasing convention business
boosting year-round occupancy, your Company is in the advantageous position of having the
greatest concentration of guest rooms (1450) in Hawaii.
Overseas, the Sheraton-Tel Aviv was completed on the shores of the Mediterranean in Israel
and opened its doors with heavy reservations for the first three months of operations. This favorable
trend is continuing.
The Midwest has a luxurious new convention center in the 1050-room Sheraton-Chicago, on
North Michigan Avenue, with 600 new rooms having been integrated with the completely refurbished
original 450 rooms of the 42-story Sheraton tower section.
In Baltimore, the 150-room Sheraton-Baltimore Inn opened opposite the John Hopkins Hospital,
a convenient motor hotel offering many of the facilities found in downtown hotels (such as our
own elegant Sheraton-Belvedere).
Acquisitions
In Oklahoma City, the largest hotel in the state, the former Oklahoma Biltmore, became the
Sheraton-Oklahoma when Sheraton took over management of the 26-story, 600-room property
under a lease arrangement which includes an option to purchase within seven years. Extensive
renovations should help make this property one of the finest and most prosperous in the Midwest.
A former Sheraton property, the Stonehaven in Springfield, Mass., was reclaimed by the
Company and, with modernization, has assumed a new concept as the Sheraton Motor Inn, offering
travelers all the advantages of a highway hotel. Similarly, in Worcester, Mass., the Bancroft Hotel
rejoined Sheraton as the Sheraton-Worcester. Refurbishing already has begun and it is expected
this popular hotel will prove a distinct asset to the system.
Future additions: 1962
The Sheraton-Lincoln, 26-story luxury hotel and office building, will open in expanding downtown Houston in March. In addition to 500 guest rooms, the building will have considerable function
space, a ballroom, specialty dining rooms, private club and offices of the Lincoln Liberty Life
Insurance Company.
In June, Sheraton will open in Kingston the first property there with major convention facilities.
The Sheraton-Kingston, expected to be completed prior to the opening of the IX Central American
and Caribbean Games in Jamaica, will have 200 guest rooms and a ballroom accommodating
800 persons.
Your Company will also operate a 150-room hotel, the Sheraton-Maui on the island of Maui,
Hawaii, being built as part of an 875-acre luxury resort at Kaanapali Beach (opening: Summer,
1962). The area, being developed by American Factors, Ltd., of Honolulu and Pioneer Mill Company, Ltd., of Maui, will include a 2^£ mile white sand beach, championship golf courses, cottage
colonies, beach and yacht club and convention center.
On the ocean at Condado, in the Santurce section of San Juan, the 450-room Sheraton-San Juan
is scheduled to open late in 1962. The 22-story hotel will have a swimming pool with cabanas, tennis
courts, a casino and supper club, as well as a large ballroom and convention hall on its five-and-a-half
acres of beachfront property.
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