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Hilton Hotels, 1953 Annual Report
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Hilton Hotels Corporation. Hilton Hotels, 1953 Annual Report - Image 7. 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/1501.

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 7. 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/1501

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 7, 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/1501.

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 7
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_006_007.jpg
Transcript i Hilton Dollar HOW WE EARNED IT Rooms 40.20 Food 33.60 Beverage 12.80 Telephone 3.40 Other Departments 6.50 Store Rentals 1.50 Other Income 2.Off $1.00 HOW WE SPENT IT Payroll and Related Expenses.... 39.20 Cost of Goods Sold 19.10 Other Expenses 16.30 Repairs and Maintenance (excluding payroll) 4.80 Real Estate and Personal Property Taxes 3.20 Interest on Borrowed Money 1.30 Income Taxes 5.40 Dividends 2.00 Depreciation 4.10 Reinvested in Business 4.60 $1.00 Acquisition off Hotel New Yorker and Deshler Hilton During the year two major properties, the Hotel New Yorker in New York City and the Deshler-Wallick Hotel in Columbus, Ohio, were added to the Corporation's growing system. The Hotel New Yorker, which contains 2,200 rooms and is the world's third largest hotel, was acquired just before the end of the year. The purchase price of approximately SI 2,500,000 was paid by the issuance of the Corpora tion's securities, $60,000 in cash and assumption of mortgage indebtedness on the property, as described under Capital Changes and Long Term Debt. The Hotel New Yorker is surpassed in size only by The Conrad Hilton and The Palmer House, also owned by the Corporation. The Hotel New Yorker, which is similar in type to The Conrad Hilton in Chicago, will fill the Corporation's requirements for a commercial hotel in the world's second largest city and has excellent facilities for handling trade shows and conventions. It will supplement the business now being done by The Waldorf- Astoria, The Plaza, and The Roosevelt, the other hotels being operated by your Corporation in New York. On July 1, 1953, the Corporation leased for a period of twenty years the Deshler- Wallick Hotel in Columbus, Ohio, which has been since renamed The Deshler Hilton. The Deshler Hilton contains 889 rooms and is the largest hotel in Columbus. The lease provides for a $2,400,000 modernization and improvement program for the hotel to be carried out over a period of four years, the cost of which is to be shared equally by the Corporation and the Lessor. Very little additional capital outlay will be required by Hilton Hotels as the amounts contributed will be largely recovered through direct charges to the expense of operation. Waldorf-Astoria Merger On December 31, 1953, the merger of Hotel Waldorf-Astoria Corporation into the Corporation was consummated. The Corporation first acquired a majority interest in The Waldorf-Astoria in October, 1949, and from time to time increased its interest until at the time of the merger this interest represented 89 per cent. Your directors believed that it would be advis- Occupancy 90% 70%- 40% H 10% 1949 1950 1951 1952 1953