Word: ho
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Nothing to Lose. From the start, both Chinn Ho and the cautious Yankee management of the Boston-based Sheraton chain were a bit put off by the elusiveness of the would-be purchasers. Publicly, the combine was represented by tough-talking Honolulu Real Estate Woman Ann Felzer...
...this was, the combine's offer was just too good to reject. For its five Waikiki hotels, Sheraton was to get $34.5 million-$10.5 million more than they had cost the chain-and a contract to keep on operating them. Chinn Ho stood to do almost as well: besides $10.2 million in cash, he was promised contracts to develop the land he was selling. Said Ho: "We had no alternative but to accept-and nothing to lose." The Good of the Service. Deadline date for the big deal...
...While Ho prepared for his closing in Honolulu, Sheraton's President Ernest Henderson flew from Boston to New York and reserved five suites at Manhattan's posh Sheraton-East for the "principals" in his part of the closing. In both Honolulu and New York, representatives of the combine failed to show. Next day came word that Mrs. Felzer and Amalu were in Seattle-where Amalu had been hustled off to jail almost as soon as his plane landed...
...erstwhile business associates found it hard to be so forgiving. While Pro-Regent Carson (who turned out to be a 19-year-old Van Nuys, Calif., printer) lamented the $2,000-a-month salary he had been promised, Mrs. Felzer fretted over the $10,000 she had paid Chinn Ho as a binder on the big deal. Said Wheeler-Dealer Ho wonderingly: "It's like a fairy story." Echoed Sheraton's Henderson: "An Arabian Nights tale. I have thought of 20 different explanations for all this, but they are all too fantastic for belief." The only unfazed veteran...
...current censorship bothers Artist Kelly ho more than such treatment bothered him in the past. "There is a lot of fun to be found in politics," says he, "and I always do what I find to be funny at the time." Besides, any man with 612 newspapers on his string can afford to lose a couple now and then-especially since the defectors almost always return to the fold...