Tuesday, January 11, 2011

Hilton Hotels

Founded by Conrad Hilton
-Lived in small village
-Believed in power of prayer.
-His father wouldn't treat him as an equal partner
-Social life of city captivated him
-Developed passion
-Wanted to open a bank, people tried to talk him out of it but he did it anyway. It failed
-Father died, in car accident.
-Wanted to pursue his dream to be a banker in Texas
-Saw an opportunity in a hotel that was packed, and he bought it for $40,000
-Keep eyes open for opportunity
-Made a few changes to hotel and opened more hotels in Texas
-Minimum price for maximum service
-Was a huge success until the depression hit and he lost a ton
-Had rock solid reputation
-You must guard and protect your reputation
-When people are fearful, they will take anything
-Married again in 1941
-Bought the Roosevelt hotel in new work
-Bought the biggest hotel in the world in Chicago
-Enjoyed the young ladies
-Bought hotels for rock bottom prices
-Regretted his marriage to Jae Jae

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