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Hilton Hotels, 1953 Annual Report
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Hilton Hotels Corporation. Hilton Hotels, 1953 Annual Report - Image 15. 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/1509.

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 15. 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/1509

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 15, 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/1509.

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 15
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_006_015.jpg
Transcript Hilton Hotels Corporation GROSS OPERATING REVENUE OPERATING COSTS AND EXPENSES NET OPERATING PROFIT ADDITIONS TO OR DEDUCTIONS* FROM INCOME PROFIT BEFORE INCOME TAXES PROVISION FOR INCOME TAXES NET PROFIT MINORITY INTEREST NET PROFIT FOR THE YEAR INCOME OR LOSS* SPECIAL ITEMS NET INCOME AND SPECIAL ITEMS Tear Ended Dec. 31, 1953 Dec. 31, 1952 Rooms Department $39,307,528.68 $34,331,105.38 Food and Beverage Department 45,301,690.32 40,950,719.15 Other Operated Departments 9,649,253.66 8,983,416.01 Other Income 1,839,273.51 1,555,617.96 Store Rentals 1,471,665.77 1,334,513.81 $97,569,411.94 $87,155,372.31 Departmental Costs and Expenses $53,265,104.04 $47,683,216.30 Administrative and General Expenses 9,572,412.47 8,275,934.79 Advertising and Business Promotion 2,115,632.32 1,802,293.88 Heat, Light and Power 3,076,722.99 2,671,729.46 Maintenance and Repairs 6,519,117.18 5,063,584.64 Lease Rentals 4,687,983.69 3,351,809.05 Real Estate and Personal Property Taxes 3,053,159.27 2,926,238.43 Interest 1,296,506.98 1,230,909.67 Depreciation and Amortization 3,996,446.58 3,835,805.94 Corporate Expenses and Sundry Capital Charges 792,819.04 760,854.51 $88,375,904."56 $77,602,376.67 $ 9,193,507.38 $ 9,552,995.64 Interest on Investment Securities $ 124,578.36 $ 63,151.79 Interest on Income Tax Assessments and Refunds 44,594.25* 23,738.22* Gain or Loss* on Sales or Abandonments of Capital Assets 2,223.49 30,894.86* Reimbursement by Lessor Under Lease Agreement 82,973.60 62,002.51 Contribution to Pension Trust 500,000.00* 400,000.00* Property Tax Refunds, Less: Fees and Expenses — 125,877.84 Realized Profit on Sale of Properties 3,079,338.29 365,196.02 Sundry—Other 216,005.97* 276,205.44* $ 2,528,513.52 $ 114,610.36* $11,722,020.90 $ 9,438,385.28 Federal Normal and Surtax $ 5,201,584.70 $ 4,822,558.51 Federal Excess Profits Taxes 67,854.95 222,055.29 State, City, District and Foreign Taxes 40,134.04 63,362.27 $ 5,309,573.69 $ 5,107,976.07 $ 6,412,447.21 $ 4,330,409.21 89,596.70 181,473.71 $ 6,322,850.51 $ 4,148,935.50 From Retirement of Debentures (Net of Bond Discount and Expense) $ 7,371.79* $ 3,446.16* Premium on Redemption of Preferred Stock — 4,346.25* Assessments and Adjustments of Prior Years' Taxes on Income 68,135.25* 74,734.67* Adjustments of Fixed Assets and Depreciation Reserves to Conform with Income Tax Settlements 166,656.49 455,006.89 $ 91,149.45 $ 372,479.81 $ 6,413,999.96 $ 4,521,415.31 14 *Denotes Red Figures. Reference is made to accompanying notes, and information contained in the Annual Report of the President to Stockholders.