HOTELS: Black Sea View

Hotelman Conrad Hilton, who is never so happy as when he’s expanding, this week announced that he was moving within “ten miles of the Iron Curtain.” He will build a 300-room, ten-story hotel in Istanbul, which now has no hotel with more than 100 rooms. Like his other foreign hotels, the new Hilton will have a swimming pool, tennis courts, etc. The Turkish government is putting up $4,800,000(part of it under EGA guarantees) to build it; Hilton will provide the working capital and management for one-third of the profits.

The deal is similar to the one Hilton made with the Puerto Rican government two years ago (TIME, Dec. 12, 1949) on the Caribe Hilton, which has paid off handsomely. Under similar arrangements, Hilton will open a new hotel in Madrid next summer, expects to open the Cavalieri Hilton in Rome a year from then and hopes also to put one up in London.