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Hilton Hotels, 1948 Annual Report
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Hilton Hotels Corporation. Hilton Hotels, 1948 Annual Report - Image 32. 1948. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 20, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1243/show/1240.

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 32. 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/1240

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 32, 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 20, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1243/show/1240.

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 32
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_001_032.jpg
Transcript ■ SUMMARY OF COMBINED EARNINGS i FOR THE SIX YEARS ENDED DECEMBER 31, 1948 income 1943 1944° 1945° 1946J 1947 1948 Gross Revenue Rooms Department . . . . $ $12,166,172 $13,150,802 $14,687,274 $16,735,223 $17,677,417 Food and Beverage Departments 14,643,610 15,309,134 18,350,588 19,507,348 19,044,705 Other Operated Departments . 18,927,862 2,962,270 3,140,503 4,633,388 4,315,200 4,491,332 Other Income 349,506 777,443 630,303 710,171 802,751 796,280 Store Rentals 788,033 1,080,037 1,028,304 1,087,128 1,046,023 1,019,231 Dividends and Interest on Securities 14,717 136,533 142,755 $20,065,401 $31,629,532" $33,259,046 $39,483,266' $42,543,078 $43,171,720 EXPENSES Operated Departments .... $10,847,183 $17,047,257 $18,385,427 $22,119,269 $23,265,248 $23,443,997 Administrative and General . . 1,542,097 2,592,245 2,709,828 2,897,862 3,150,218 3,455,072 Advertising and Business Promotion 314,633 484,422 540,451 574,838 663,914 650,331 Heat, Light and Power .... 793,949 1,074,106 1,071,303 1,223,091 1,342,544 1,534,596 Maintenance and Repairs . . . 989,684 1,575,069 2,017,181 2,354,400 2,080,348 2,803,350 Lease Rentals 123,956 301,771 234,474 179,866 179,866 179,866 Real Estate and Personal Property Taxes 968,142 1,221,850 1,272,286 1,314,440 1,406,141 1,280,240 Depreciation and Amortization . 1,326,862 1,645,081 1,744,597 1,779,411 1,974,050 2,282,712 Interest 795,286 1,003,909 1,211,720 989,906 812,971 810,703 Provision for Federal Taxes on Income 1,248,037 1,601,868 722,317 2,234,090 2,789,247 2,488,036 Other Capital Expenses .... 107,500 156,363 124,908 276,171 287,880 254,328 $19.057,329 $28,703.941 $30,034,492' $35,943,344' $37,952,427 $39,183,231 NET PROFIT — BEFORE NON-RECURRING items $ 1,008,072 $ 2,925,591 $ 3,224,554 $ 3,539,922 $ 4,590,651 $ 3,988,489 NON-RECURRING INCOME AND EXPENSE Profit from Sale of Capital Assets . $ $ $ $ 19,022 $ 1,294,999 $ Refinancing Expense and Note Discount 1263,729 fLoss on Abandonments . . . . f 127,688 Miscellaneous and Sale of Securities 13,879 197,872 14,178 Provision for Applicable Taxes 14,518 f279,634 42,826 $ $ $ $ 10,625 $ 949,508 $ 170,684 net profit for the period $ 1,008,072 $ 2,925,591 $ 3,224,554 $ 3,550,547 $ 5,540,159 $ 3,917,805 NOTE: "The combined results shown above for the years 1944 and 1945 reflect (1) profits from the operation of the Roslyn Hotel for those two years, and the U. S. Grant Hotel in San Diego, California, for the period September 1, 1944 to January 1, 1945, both of which have since been disposed of; and (2) the application of a loss carry-over credit from the sale of the Stevens Hotel to the United States Government in 1943, whereby the Stevens Hotel Corporation made no provision for Federal Income Taxes or Excess Profits Taxes on income earned by it from the properties it operated for the years 1944 and 1945. NOTE: tHilton Hotels Corporation was created by consolidation May 31, 1946. Operations for the year 1946 include seven months' operation by the corporation and five months' operation by the consolidating companies and their predecessors. NOTE: ^Denotes Red Figures. One of the many leading social functions held in the Grand Ballroom at The Plaza The sole purpose of this report is to give stockholders information about their corporation. This report is not a representation, prospectus or circular in respect to any stock of this corporation and is not transmitted in connection with any sale or offer to sell or to buy any stock or security to be issued now or hereafter, nor in connection with any preliminary negotiation for such sale. PRINTED IN U. S. A.