SEAL BEACH, July 23,—Reports that a group of Los Angeles hotel and business men were organizing a company to finance the erection of a $250,000 resort and hotel at Alami tos Bay, were confirmed by W. F. Deeble of the real estate firm of Deeble Meyers, Long Beach. Plans for the hotel, which it is announced, will be one of the most modern in the west, have been completed for some time. Construc truction will start soon. The hotel will be five stories high and cover an entire city block. The hotel will overlook both Alamitos bay and the ocean. Any elaborate boat landing and outdoor swimming pool are included in the plans.