HOTEL ‘ CRASHES.” NKW YORK FAILURES. XKW YORK, Jan. 14. The Lincoln budding, costing £(>,- 000.000, and eighth amongst Man--1,.* tail's laile.st skyscrapers, has gone on the liiiuueial rocks. The crash followed Hie action of the Chase National Rank foreclosing on a T0,000,000 mortage. The building opened two years ago am! for a time housed 11,000 people, p:e, i.rg Cl .000,000 in annual rent. Many of New York's huger hotels have also gone into receiverships including the Martinique, the Park Cenifill the Duane, and the Delmonico-
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Hokitika Guardian, 28 January 1932, Page 5
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84Untitled Hokitika Guardian, 28 January 1932, Page 5
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