Show Investor Plans To Build Hotel J J. Dec Dee Gardner Salt Lake in investor in- in vestor estor has reported plans for a amilon million milon dollar donar motel hotel in downtown downtown downtown down down- town Salt Lake City a At the same time he lie said he hc heh h had a d purchased the s 1 t tor story 11 o r y w Foreman building build build- j in downtown ing 4 Los Ls A Angeles n g gel c I e s S. S C Cal J. J and has sold w the T Travel r a V vel C I ers Ken Ray and Capitol mot motor 0 r J lodges lodge here Mr Gardner I While purchase price of the Los LosAn An Angeles gel cc property was not announced announced an an- principals in the transaction transaction trans trans- action acton indicated it approximated the original cost cost which was 3 3 In what was said sid to have ocen een ocena eena a transaction Mr tr Gardner Gardnor Gard Gard- ner nor sold the Travel Travelers rs and Ken Ray lodges to Edmund V. W. and Mary K K Furness Fures of Salt Lake City Sale of the Capitol lodge to Tom Torn and John Soter of Tooele purchase purchase pur pur- chase price of which was wa said to have been also was an an- Mr Gardner said that when building c con conditions o n d I 1 t ion o n s approach normalcy he plans to spend an L estimated developing property at the southeast corner corer of 3rd South and West Vest Temple a site he purchased three years ago Tentative plans contemplate a two story subterranean garage and anda ad ada a unit motel Mr Gardner said he would continue continue con con- to reside in Salt Salt Lake City at t 1236 Yale ave He owns and operates the Carlton Carlon hotel 10 E. E South Temple Mr Gardner is a native of this thi city |