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Page Twenty
THE FILM SPECTATOR
June 25, 192'
HOLLYWOOD ROOSEVELT PROPERTIES CORPORATION
An Important Property Merger, of Unusual Interest to the Film Colony
EDWARD LEVCQmw
The new Roosevelt Hotel, ouilt by Joseph M. Schenck, Lou Anger, I. C. Freud, Sid Grauman, C. E. Toberman, Fred Niblo, Louis B. Mayer, Marcus Loew — ^and many others prominent in the Motion Picture Industry — is already looked upon as the future social capital of Hollywood.
Its success is assured. It will be surpassed in elegance by no hotel in the country. Its appeal to the general public will be powerful, because of the patronage of leading persons of the Screen world.
Col. Hugh A. Beaton, Fred Niblo, Fred W. Beetson, Claude C. Craig, James Long Wright, Clifford A. Rohe, George Marcell and Warren B. Pinney compose the directorate of Hollywood-Roosevelt Properties Corporation, under which the operating is being merged with ownership and management
of four of Hollywood’s finest Apartment Buildings — the Marcell, the Shelton, the Weston and the Mayfair.
Economies of operation to be effected by the merger increase earning power of all the properties. With all of them on or within a block of Hollywood Boulevard, the realty security back of the merger is uncommonly strong.
Stock of the Hollywood-Roosevelt Properties Corporation is a most attractive investment, under any circumstances. It has a special appeal for members of the Motion Picture fraternity because of the leaders already associated with the merger, and because of the intimate part the properties involved will play in the social life of Hollywood.
We recommend Hollywood-Roosevelt Properties Corporation stock, in units — one share 8%
Preferred and four shares Common — at $125.
Wright Alexander & Greeley
INVESTMENT SECURITIES
LOS ANGELES HOLLYWOOD
PACIFIC NATIONAL BANK BUILDING 210 PROFESSIONAL BUILDING
trinity 0211 HEMPSTEAD 4001
18 PACIFIC COAST OFFICES
WRIGHT, ALEXANDER & GREELEY, Pacific Nat’l Bank Bldg., Los Angeles 6-25
Please furnish me with information regarding the Hollywood-Roosevelt Properties Corporation.
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