restaurant in a new location, The Bull and Bear, will cater to the clientele of the present Men's Bar, which will be replaced by a specialty
restaurant featuring German cuisine.
An exciting world of
In our domestic hotel operations, we believe the greatest potential lies
in large, centrally located hotels in major metropolitan areas. The
magnificent new 22-story Pittsburgh Hilton was formally opened on
December 3. Its gold anodized aluminum curtain wall exterior contributes to its striking appearance. The 803-room hotel is situated on
land leased from The Equitable Life Assurance Society in that organization's Gateway Center development of the Golden Triangle.
The Grand Ballroom has a seating capacity of 2,000 at banquets and
2,500 at meetings. This makes it possible for major conventions to be
held in Pittsburgh which previously have had to go elsewhere because
of the city's lack of sufficient banquet and convention space.
On July 22, 1959, the Corporation purchased the property at 59th
Street and Madison Avenue, New York, which included a four-story
office building, at a cost of $2,619,505. The property, adjoining The
Savoy Hilton may be utilized to add a greatly needed Grand Ballroom
to that hotel and there is space for a new, multi-story office building.
This project is receiving careful study.
The 21-story Denver Hilton will be opened in April, 1960. The 884-
room structure is part of the Courthouse Square development. Hilton
Hotels Corporation has leased the hotel for 35-years with renewal
options. Its convention facilities will be the largest in the Rocky Mountain area. The ballroom will accommodate 2,000 persons.
The structures previously situated on our downtown San Francisco
property have been demolished. Final plans and specifications for The
San Francisco Hilton have been prepared and bids will be requested in
the very near future for the consideration of management and the
Board of Directors. The proposed 1,200-room, 18-story hotel, will be
L-shaped, occupying the three-quarter block site with full block frontages on Mason and Ellis Streets and half block frontages on O'Farrell
and Taylor Streets. Consideration is being given to the construction
of a 22-story office building as part of the project. The hotel will have
facilities to accommodate large regional and national conventions. The
main ballroom will have a seating capacity of 3,000 persons.
Construction on the $10 million, 500-room Portland Hilton is about
to start. It is expected that the hotel will open in late 1961. The structure will rise to a 21-story tower unit. The site, a full block in area, is
bounded by S. W. Sixth, Broadway, Salmon and Taylor Streets. It
will feature a full block landscaped plaza and the city's largest hotel
ballroom, capable of accommodating meetings of 2,000 persons and
banquets of more than 1,500. There will be a parking area under the
building for 173 cars.
In January, 1960, the Corporation was awarded a contract to operate
all restaurant facilities in Chicago's huge new lake front exposition
center. Rental will be based on various percentages of gross receipts
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