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Hilton Hotels, 1953 Annual Report
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Hilton Hotels Corporation. Hilton Hotels, 1953 Annual Report - Image 9. 1953. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 20, 2017. http://digital.lib.uh.edu/collection/hiltonar/item/1519/show/1503.

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 9. 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/1503

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 9, 1953, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed November 20, 2017, http://digital.lib.uh.edu/collection/hiltonar/item/1519/show/1503.

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 9
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_006_009.jpg
Transcript Tt»n l-i V* hotel to be constructed in Cairo, Egypt. Negotiations have been completed for the operation of hotels under construction in Mexico City and Acapulco, Mexico, which are expected to be ready for occupancy in early 1955. In addition, negotiations are presently being conducted for the operation of hotels in London, England; Rome, Italy; Paris, France, and Canada. Each of the foreign hotels now operated, or to be operated, by Hilton Hotels International is, or will be, primarily owned by interests in the country in Stockholders Equity Per Common Share—Dec. 31 1949 1950 1951 1952 1953 which the hotel is located. Hilton Hotels International customarily supplies the working capital necessary for the operation of the hotel under lease, as well as management and know-how. In return Hilton Hotels International receives a percentage of the gross operating profit. Our foreign operations have many advantages, including a good return on the minimum of invested capital and the establishment of the Hilton name abroad as a symbol of top quality hotel operation. In this connection it should be pointed out that approximately eight per cent of the Corporation's domestic business is derived from foreign visitors. The owners of the foreign hotels receive an attractive return on their investment, made possible by Hilton's experienced management and the advantages of the entire Hilton facilities for advertising, sales promotion and referral of hotel business. For the foreign nations concerned Hilton Hotels fills an urgent need for facilities which will attract traveling Americans. The presence of a good hotel is an important source of dollars since more dollars are spent outside the hotel than are spent inside. In many of the free nations of the world the dollars spent by American tourists represent an important contribution to their economic strength and by estab lishing well operated American hotels abroad, we are stimulating international travel and world understanding, and thus are making our contribution to the efforts of the free nations in their fight against the menace of Communism. Sales off Property During the year the Corporation sold two of its hotels, The Plaza in New York City and The Town House in Los Angeles, both at substantial profits. The Plaza had been purchased in 1943 for $7,400,000 by one of the companies which was consolidated in 1946 to form Hilton Hotels Corporation. As a result of substantial capital improvements made to the building and equipment, the net book value of the land, building and equipment at time of the sale was $9,533,867. The sales price was $15,000,000, as follows: $1,000,000 in cash; $4,786,748 represented by an existing mortgage; a promissory note of $3,000,000; and a second mortgage note of $6,213,252. The promissory note is payable over a two and one-half year period and an additional payment of $750,000 on the second mortgage note is also due in 1956. The balance is payable over a period of twelve years from the date of sale. The Corporation also leased and will continue to operate 8