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Hilton Hotels, 1959 Annual Report
Image 22
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Hilton Hotels Corporation. Hilton Hotels, 1959 Annual Report - Image 22. 1959. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. August 13, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/1208/show/1193.

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. (1959). Hilton Hotels, 1959 Annual Report - Image 22. Annual Reports from the Hospitality Industry Archives. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. Retrieved from https://digital.lib.uh.edu/collection/hiltonar/item/1208/show/1193

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, 1959 Annual Report - Image 22, 1959, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed August 13, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/1208/show/1193.

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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Embed Image
Compound Item Description
Title Hilton Hotels, 1959 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1959
Description Hilton Hotels Annual Report for calendar year 1959.
Subject.Topical (LCSH)
  • Hospitality industry
  • Hotel management
  • Corporation reports
Subject.Name (LCNAF)
  • Hilton Hotels Corporation
Genre (AAT)
  • annual reports
  • business records
Language English
Type (DCMI)
  • Text
  • 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 No Copyright - United States
File Name index.cpd
Item Description
Title Image 22
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_012_022.jpg
Transcript the Pacific. A number of improvements, including additional guest houses and air-conditioning, are contemplated for the near future. The Continental Hilton has been completely reconstructed and redecorated in those areas damaged by the earthquake in 1957. The third wing of the hotel is also finished and open to guests. During 1959 construction began on Hilton Hotels in Athens, Greece; Port-of-Spain, Trinidad; and Amsterdam, The Netherlands. The hotel in Rotterdam, The Netherlands, was started early in 1960. Scheduled completions of the hotels are: Trinidad, early 1961; Amsterdam, mid- 1961; Rotterdam, winter 1961-62, and Athens, late 1962. Contracts have been signed for additional hotels in Tokyo, Japan; Rome, Italy; Colombo, Ceylon; Teheran, Iran, and Bogota, Colombia. The signing of the contract for the $4 million 300-room Bogota Hilton marks our first definite expansion into South America. A 140-room addition to The Istanbul Hilton is currently under construction, which will bring the number of guest rooms to 417. This hotel has been very successful since its opening in June, 1955. The tenth anniversary of The Caribe Hilton in San Juan, Puerto Rico, was celebrated in December, 1959. This was also the tenth anniversary of the operations of Hilton Hotels International. The opening of The Caribe Hilton in December, 1949, is credited with spurring tourism and industrial development which has added much to the island's income. Creation of a new Trader Vic's restaurant is under way at The Caribe Hilton. The consolidated units and subsidiaries of Hilton Hotels International had a 1959 net profit of $774,206. In addition, $144,606 in profit was received from The Istanbul Hilton, a non-consolidated unit. The sum of these two amounts, $918,812, was equal to 9.1% of the consolidated net profit from operations of Hilton Hotels Corporation. The combined net loss of the non-consolidated International units and subsidiaries was $696,424 in 1959, as compared with $571,693, the preceding year. These losses are not reflected in the financial schedules shown elsewhere in this report. Hoteles Hilton de Cuba, S. A., the Cuban subsidiary which operates The Habana Hilton, in 1959 obtained a loan from a Cuban bank to cover its operating loss. This loan, which is an obligation of that corporation only, is guaranteed by the Cuban government. Negotiations are pending looking toward a similar agreement for 1960. Carte Blanche Our 34 per cent owned affiliate, Hilton Credit Corporation, has rrr satisfactory progress since commencing business in April, 1959. Hil Hotels invested $1 million in promotional and development exgens^S in this company in accordance with the agreement entered into at the time it formed Hilton Credit Corporation. The trade name "Carte Blanche" now symbolizes the prestige credit card, signifying to thousands of associated business establishments that the cardholder is a person of credit responsibility. 20 V ^