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Hilton Hotels, 1953 Annual Report
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Hilton Hotels Corporation. Hilton Hotels, 1953 Annual Report - Image 6. 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/1500.

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 6. 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/1500

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 6, 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/1500.

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 6
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_006_006.jpg
Transcript 1 S^^Koo^ U940,12£? JjjMLt Income, Profits and Dividends 90- 80- 70- 60- 50- 40- 30- 20- 10- Millions of Dollars ~~ Income * Profits Dividends ■ ■ Ja 19SO 1951 1952 1953 from installments realized during the year of the profits on the sale of the Dayton Biltmore Hotel, Hilton Hotel, Lubbock, Texas, The Plaza and The Town House. The net profit from sales of properties realized in 1952 was $270,245, or 17 cents per common share. By way of explanation, the Dayton Biltmore Hotel and the Hilton Hotel in Lubbock were sold in 1952, The Plaza and The Town House were sold in 1953, and the profits on these sales are being reflected on our books as the sales price of each is being received over a period of years. These profits are subject to tax at the capital gains rate. The provision for federal income and excess profits taxes for 1953 amounted to $5,269,440, or $3.27 per common share, compared with $5,044,614, or $3.11 per share, in 1952. Dividends The Corporation continued to pay regular quarterly dividends of thirty cents per share on the common stock throughout 1953. Such payments, on the first of March, June, September and December totaled $1.20 per share. Regular quarterly payments of fifty cents per share, or $2.00 in all, were also made on the convertible preference stock. Total dividend payments on preferred and common stocks during the year amounted to $1,940,128, which was equivalent to 30.2 per cent of the net profit. The balance of net profit, $4,473,872, was retained to finance further growth of the business. EXPANSION The Beverly Hilton In August, 1953, the Corporation commenced construction of the Beverly Hilton, a $12,000,000 ultra-modern luxury hotel being built on an eight and one-half acre tract previously acquired in Beverly Hills, California. Scheduled for completion at the end of 1954 or early in 1955, the hotel will contain 450 rooms, the majority with a private balcony. There will also be several penthouse suites. The hotel will be completely air conditioned and will feature a large cantilevered dining room and terrace overlooking a beautiful swimming pool. The building will include 94,000 square feet of floor space for one-store shops, and parking space will be provided for 942 automobiles. Rentals from specialty shops and stores are expected to constitute an important portion of the Beverly Hilton's revenues. Income from these sources, plus revenue from permanent guests, should cover all real estate taxes and provide an adequate return on the Corporation's investment.