1468

Broadmoor Hotel & Land Co. Stock Certificate Signed by Spencer Penrose (125891)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:250.00 USD Estimated At:500.00 - 1,000.00 USD
Broadmoor Hotel & Land Co. Stock Certificate Signed by Spencer Penrose  (125891)
SOLD
250.00USDto 8*************e+ buyer's premium (62.50)
This item SOLD at 2020 Dec 17 @ 15:52UTC-8 : PST/AKDT
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Rare stock for the most famous hotel in Colorado. Inc. in CO. No. 69, issued for five shares to John A. Hull on January 12th, 1918. Signed by Spencer Penrose as president and Charles Tuuu as secretary. Not cancelled. Black print with ornate logo. 7 x 10" Folds. Before Penrose bought the hotel and adjoining land in 1916, the site had hosted two hotels, the first of which burned down. The second hotel became a private boarding school for girls. After Penrose bought it, he hired the New York firm of Warren and Wetmore to design a fabulous resort. Construction began in 1917 and was finished in 1918 at a cost of $2 million. The hotel has featured numerous prominent guests including John D. Rockefeller, Charles Lindbergh, Clark Gable, Herbert Hoover, and FDR. Spencer Penrose made his fortune in mining in Colorado, Utah, Arizona, and Nevada. His first success was specifically in Cripple Creek. He also was involved in the ore processing business. Tutt was his longtime business partner. In addition to the Broadmoor, they also built a road to the top of Pikes Peak.

Date: 1918
Country (if not USA):
State: Colorado
City: Colorado Springs
Provenance: Ken Prag Collection

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