[4] According to most sources, the partners then leased the United States Hotel,[1] at the corner of Requena and Main streets in Los Angeles, in 1869.Edward Preuss purchased the Rancho Rodeo de las Aguas in 1868 from landowners Benjamin D. Wilson and Henry Hancock "with the intention of establishing a colony for German immigrants"; these plans, though, were ruined by a drought and Hammel and Denker bought the land in the 1880s.It was noted as "a fertile stretch of over thirty-five hundred acres of valley and frostless foothill land lying between Los Angeles and Santa Monica."[4] They "planted bean fields to help pay taxes[,] but their ultimate dream was establishing a North African-themed subdivision called Morocco.Their 3,055-acre swath of land "lying between Hollywood and Sherman and extending from the hills to the lowest portion of the plane [sic]," had "oil, plenty of water and fine high soil as well as low land, where the soil is of heavy body," as one account put it in 1905 when the rancho was about to be put on the market.