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Hilton Hotels, 1948 Annual Report
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Hilton Hotels Corporation. Hilton Hotels, 1948 Annual Report - Image 9. 1948. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 12, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1243/show/1217.

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. (1948). Hilton Hotels, 1948 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 https://digital.lib.uh.edu/collection/hiltonar/item/1243/show/1217

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, 1948 Annual Report - Image 9, 1948, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed November 12, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1243/show/1217.

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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Compound Item Description
Title Hilton Hotels, 1948 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1948
Description Hilton Hotels Annual Report for calendar year 1948.
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 9
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_001_009.jpg
Transcript CARIBE HILTON • SAN JUAN, P. R. (Opening late in 1949) CAPITAL STRUCTURE During the year 1948, your corporation purchased 64,187.35 shares of convertible preference stock having an aggregate par value of $3,209,367.50 at a cost of $2,276,188.43. This is an average gross cost of $35.46 per share. On June 2, 1948, the corporation invited tenders of convertible preference stock at a price not to exceed $35.00 a share. A total of 54,017 shares was acquired at a cost of $1,890,595. Capital surplus was increased by $933,179.07 due to these transactions. On January 31st, 1949 an additional offer was made to the holders of the convertible preference stock to purchase such stock at $40.00 per share on the following terms: 20% in cash and an option on 20% for each of the following four years. Shareholders to agree to waive dividends on said stock under option to the Corporation. A total of 71,002 shares were submitted to the Corporation on this basis, of which 14,206 shares were purchased and paid for and 56,796 shares are subject to the Corporation's option. Capital surplus was further increased by $142,060. Pursuant to the authorization of your Board of Directors, 31,100 shares of Hilton Hotels Corporation common stock were purchased in the open market at a cost of $330,917.03, an average of $10.64 per share. These shares have been placed in the corporation treasury and are available for future corporate use. A comparison of the outstanding capitalization for the years ended December 31, 1948, and December 31, 1947, respectively, is shown below: „ , , ,. 12-31-48 12-31-47 b unded and long term indebtedness $23,187,174.60 $22,758,750.06 Convertible Preference Stock 4% ($50 par).. Common Stock ($5.00 par) .. Capital and Earned Surplus . . . 6,723,150.00 9,870,067.50 8,073,225.00 8,092,890.00 14,056,344.75 11,071,998.80 $28,852,719.75 $29,034,956.30 Deduct: Cost of Treasury Common Stock . .. 330,917.03 Capital Stock and Surplus. . $28,521,802.72 $29,034,956.30