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Hilton Hotels, 1953 Annual Report
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Hilton Hotels Corporation. Hilton Hotels, 1953 Annual Report - Image 11. 1953. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 22, 2017. http://digital.lib.uh.edu/collection/hiltonar/item/1519/show/1505.

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 11. 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/1505

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 11, 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 22, 2017, http://digital.lib.uh.edu/collection/hiltonar/item/1519/show/1505.

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 11
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_006_011.jpg
Transcript and The Jefferson were reduced by payments called for under terms of the respective mortgages. Debentures of the now merged Hotel Waldorf-Astoria Corporation were refinanced by a term loan of $2,500,000 maturing in seven years. The portion of the loan in excess of the outstanding debentures was added to working capital. The Mayflower notes were completely retired early in 1953. Capital Changes In connection with the purchase of the Hotel New Yorker, the Corporation designated a new series of first preferred stock entitled 5% First Preferred Stock, Series A, $100 par value, and issued 61,960 shares of this stock in addition to 50,000 shares of Common Stock. The new 5% First Preferred Stock, Series A, is entitled to cumulative dividends of five FIRST MORTGAGE BONDS AND NOTES The Palmer House $14,400,000.00 The Conrad Hilton 6,700,000.00 The Plaza 4,968,419.99 The Jefferson 1,967,909.91 Waldorf-Astoria Laundry 289,851.61 Hotel New Yorker The Town House.... DEBENTURES The Waldorf-Astoria 2,317,500.00 The Roosevelt 1,836,558.80 OTHER NOTES Installment Purchase Contract 2,450,000.00 The Mayflower 300,000.00 Waldorf-Astoria Laundry Purchase Notes 763,500.00 The Waldorf-Astoria Hilton Hotels International. . . Sundry 484,555.55 480,000.00 $13,920,000.00 5,326,429.47 1,800,000.00 2,500,000.00 500,000.00 130,389.49 300,000.00 4,968,419.99 • 66,385.65 14,799.45 1,800,000.00 2,317,500.00 6,790.00 300,000.00 40,720.00 338,655.55 6,400,000.00 1,901,524.26 275,052.16 5,326,429.47 1.829,768.80 2,450,000.00 722,780.00 2,500,000.00 500,000.00 276,289.49 $36,478,295.86 $10,256,818.96 $10,633,270.64 $36,101,844.18 per cent per annum, one vote per share, and in the event of default in dividends for a stated period, to elect two directors. A sinking fund for the retirement of this stock is also provided. As previously mentioned, the merger of Hotel Waldorf-Astoria Corporation into the Corporation resulted in the issuance of 24,125 shares of Common Stock of this Corporation. Also, during the year, the Corporation repurchased 81,329 shares of its Common Stock at a cost of $1,465,727, bringing the total number of such shares outstanding at the year end to 1,613,640. This compares with 1,620,844 shares outstanding at the end of 1952. The book value of the Common Stock on December 31, 1953, was $25.00 per share, compared with $22.14 per share a yearH* £. Total assets of the Corporation at the close of 1953 were $104,595,839, which for the first time brings Hilton Hotels Corporation into that group of companies with over $100,000,000 in assets. Improvements to Properties A basic policy of the Corporation throughout its years of growth has been to bring each new property up to the high physical standards established for all Hilton Hotels and to maintain all of its hotels in 10