<Begin Segment 25>

ET: I just remembered. The reason why hotel was lucrative was because your customer was captive. In other words, if your rooms are filled, most of the tenants never moved until they're dead.

TH: Well, I think you use the wrong term. No. The business itself wasn't that lucrative. Would you say it was?

YM: No.

TH: If you ran it during the '30s and '40s --

ET: I'm not talking about that period. Nobody made money then.

YM: There were more vacancy than the [Inaudible].

DG: In those days?

YM: In the Depression years.

ET: I mean in the '50s. If you knew how to raise rent because --

YM: That's a different period.

TH: Yeah, that's a different period.

ET: See, like for instance when the 1962, when the World's Fair came, we could have. See, we were charging a dollar or a dollar and a half, but we could have advertised at $5 a night. We could have.

<End Segment 25> - Copyright © 1998 Densho. All Rights Reserved.