| OCR Text |
Show HOTEL FOR WOMEN. PrODOsed to Erert One In lffew VnvV to Cost ?800,000. New York, Oct. 11. It is thought that the construction of the proposed hotel for women in this city will be begun in January. The amount of the capital stock is to be $400,000 and it will be necessary to have three-fourths of it subscribed before the company may be incorporated. The total subscription to date amounts to something over $130,-000. $130,-000. The enterprise involves the construction construc-tion of a twelve-story building with all modern improvements capable of accommodating ac-commodating about 500 women. The patronage will be sought among- professional pro-fessional women, such as artists, teachers, teach-ers, physicians, journalists, stenographers, sten-ographers, trained nurses and others and the hotel will be run strictly on business principles. The present plan provides for the rent of 364 single 'rooms at $3 to $6 each a week and seventy-one rooms with two alcoves at $8 each. The restaurant will also be run on low-rates. low-rates. The exact location of the new hotel has not yet been determined upon, but it has been learned that it will be built at some point between Uniion Square and Thirty-fourth street and not far from Broadway. The total cost, including includ-ing the land, will be $800,000, half of which will be covered by a $400,000 martgage. Some of the prominent persons who have taken stock in the company are John D. Rockefeller, William Wil-liam C. Schermerhorn, Mrs. Elliott FJ. Shepard. Mrs. John Clafiin. Mrs. Levi P. Morton and Mrs. James Speyer. |
