Lots of action on the Hilton Sisters front today. It”””s been hardly a month since Nicky Hilton announced she would open her own chain of hotels, starting with buildings in Miami and Chicago. Today she unveiled her plans to the public using the hi-tech, cutting-edge medium of””” a flannelboard presentation. You just know the investors looked at that and thought, ”””Yeah, that was money well spent.””? Then they patted the money on the head, told it what a fine job it had done, and kissed it goodbye.

That thing standing next to Nicky, incidentally, is Richie Rich: club kid, designer for Heatherette, and all-around drain on society. The involvement of Richie and Heatherette in this unfolding fiasco is one more sign that Nicky did not inherit the quiet good taste that helped to make her grandfather such an enormous success. Check out Gawker”””s report on last year”””s kickoff party for the 2006 Heatherette fashion line for a peek at the chic, sophisticated aesthetic that Richie Rich brings to any project he”””s involved in.