Conrad Hilton’s Staying Power | Renovations | 2

Business Movers

Wondery

History, Business, Entrepreneurship

4.8 • 1.5K Ratings

🗓️ 11 July 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Conrad Hilton enters the hotel trade by successfully turning a dilapidated boarding house into a thriving enterprise. But a mistake with a new business partner leads Connie down a dark path.

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Transcript

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0:00.0	Wundery Plus subscribers can listen to business movers early and ad free right now.
0:05.0	Join Wundry Plus in the Wundery app or on Apple Podcasts. Wonder. It's the middle of the night on May 6th, 1919 at the Mobley Hotel in
0:29.5	Cisco, Texas.
0:31.2	31-year-old Conrad Connie Hilton stirs restlessly as he tries to sleep in an office
0:36.1	chair behind the front desk of a rundown hotel, his rundown hotel.
0:41.4	Connie came to Cisco to buy a bank, but negotiations with the seller quickly broke down.
0:46.0	With a gut feeling that he was being taken for a ride, Coni walked away.
0:50.0	Then, almost impulsively, Coni used the money he had saved up for the bank to buy the hotel he was staying in.
0:57.0	This is his first night as the owner of the Mobley, and the hotel is already fully booked with oil prospectors who've come to Texas hoping to strike it rich.
1:05.4	In fact a man has been so high that Connie has given up his own room to a paying guest and he's not the only one.
1:12.0	Hey Roy, Hurched, uncommon. paying guest, and he's not the only one.
1:12.6	Hey, Roy!
1:14.2	Perched uncomfortably on another chair next to Connie
1:17.1	is his new business partner, Roy Drown.
1:19.8	Roy is a fellow former banker in his mid-40s, who Connie brought on board to help fund the purchase of the Mobley.
1:25.7	Roy, come on, wake up!
1:27.7	Oh, what time is it?
1:29.8	Just past three.
1:30.8	Oh, damn it, Connie.
1:32.4	It's taking me half the night to get
1:33.8	asleep and now you wake me. How many rooms do we have? What? We have 40.
1:38.8	41 if you include that room I'd like to be sleeping in right now, but some man from Dallas is in there instead.
	...

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