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Hilton Hotels, 1953 Annual Report
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Hilton Hotels Corporation. Hilton Hotels, 1953 Annual Report - Image 5. 1953. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. September 20, 2017. http://digital.lib.uh.edu/collection/hiltonar/item/1519/show/1499.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Hilton Hotels Corporation. (1953). Hilton Hotels, 1953 Annual Report - Image 5. Annual Reports from the Hospitality Industry Archives. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. Retrieved from http://digital.lib.uh.edu/collection/hiltonar/item/1519/show/1499

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Hilton Hotels Corporation, Hilton Hotels, 1953 Annual Report - Image 5, 1953, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed September 20, 2017, http://digital.lib.uh.edu/collection/hiltonar/item/1519/show/1499.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Title Hilton Hotels, 1953 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1953
Description Hilton Hotels Annual Report for calendar year 1953.
Subject.Topical (LCSH)
  • Hospitality industry
  • Hotel management
  • Corporation reports
Subject.Name (LCNAF)
  • Hilton Hotels Corporation
Genre (AAT)
  • annual reports
Language English
Type (DCMI)
  • Text
  • Still Image
Original Item Location Conrad N. Hilton Papers
Digital Collection Annual Reports from the Hospitality Industry Archives
Digital Collection URL http://digital.lib.uh.edu/collection/hiltonar
Repository Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston
Repository URL http://www.uh.edu/hilton-college/About/hospitality-industry-archives
Use and Reproduction This image is in the public domain and may be used freely. If publishing in print, electronically, or on a website, please cite the item using the citation button.
File Name index.cpd
Item Description
Title Image 5
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_006_005.jpg
Transcript 1353 ANNUAL REPORT Hilton Hotels Corporation in 1953 materially strengthened its position as the world's leading operator of hotels. At home, two hotels were acquired, including the world's third largest, and construction of another was started. Abroad, the Corporation's wholly owned subsidiary, Hilton Hotels International, Inc., opened its first hotel beyond the Western Hemisphere. Financially, the Corporation established new records in practically all phases of the business. Both revenues and profits reached the highest levels in history in spite of substantial increases in operating costs, other expenses and income tax. Revenues Gross revenues of the Corporation in 1953 totaled $97,569,412, compared with the previous record high volume of $87,155,372 attained in 1952. Of the total, $39,307,529 was derived from room operations, as compared with $34,331,105 in 1952; $45,301,690 was received from sale of food and beverages, against $40,950,719 from that source the year before; $9,649,254 from other operating departments, compared with $8,983,416 in 1952; and $1,471,666 from store rentals, compared with $1,334,514 a year earlier. Other income in 1953 amounted to $1,839,273, against $1,555,618 the previous year. Gross revenues in 1953 included sales of The Roosevelt, New York City, the leasehold of which was acquired by the Corporation on December 31, 1952. Sales of the Deshler Hilton in Columbus, Ohio, leased on July 1, 1953, and the Castellana Hilton, opened in Madrid on July 13, 1953, were also included in 1953 gross revenues. Sales of the Hilton Hotel, Lubbock, Texas, sold on May 1, 1952, were, of course, excluded from 1953 gross revenues, as were sales of The Town House, Los Angeles, after the sale of this property on September 30, 1953. Earnings and Taxes Net consolidated profit for 1953 reached a new record high of $6,414,000 after all charges, including federal taxes. After deducting preferred dividend requirements, this was the equivalent of $3.92 per share on the 1,613,640 shares of common stock outstanding on December 31, 1953. It should be pointed out that the outstanding shares included 74,125 shares of common stock issued at the end of the year in connection with the acquisition of the Hotel New Yorker and the merger of Hotel Waldorf- Astoria Corporation into this Corporation. Net consolidated profit in 1952 was $4,521,415, or $2.74 per share on the 1,620,844 shares of common stock outstanding on December 31, 1952. The Corporation's net profit from operations in 1953 was $4,218,450, or $2.56 per common share, compared with $4,004,939, or $2.42 per common share, realized from operations in 1952. The balance of consolidated net profit in 1953, $2,195,550, or $1.36 per common share, was derived principally