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Hilton Hotels, 1951 Annual Report
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Hilton Hotels Corporation. Hilton Hotels, 1951 Annual Report - Image 3. 1951. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. July 20, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1494/show/1469.

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. (1951). Hilton Hotels, 1951 Annual Report - Image 3. 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/1494/show/1469

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, 1951 Annual Report - Image 3, 1951, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed July 20, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1494/show/1469.

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, 1951 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1951
Description Hilton Hotels Annual Report for calendar year 1951.
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 3
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_004_003.jpg
Transcript From the standpoint of business volume, your corporation made progress in 1951. Net income was below the 1950 level, however, owing to a combination of circumstances including higher operating expenses, increased federal taxes and certain unusual expenses which will not recur. For the first time, the annual report is made this year in consolidated form. In this way, we are able to present a more complete picture of the size and operations of your corporation. The new practice brings together the balance sheet and the profit and loss accounts of the parent company and its two principal subsidiaries, the Mayflower Hotel Corporation and Hotel Waldorf-Astoria Corporation. Previously, they were shown separately. To facilitate the comparison of 1951 results with those of prior years, the figures for earlier years have been reworked and they are presented on a consolidated basis throughout the 1951 report. This annual report for the year ended December 31, 1951 is submitted to the growing family of Hilton shareholders, numbering 4,243 at the end of the year. Included are consolidated balance sheets, consolidated summaries of profit and loss and surplus accounts together with the certificate of Harris, Kerr, Forster and Company, independent public accountants. Gross receipts and earnings from operations of your corporation's properties, including the Mayflower and Waldorf-Astoria, amounted to $80,173,380 in the year ended December 31, 1951. This compared with a consolidated total of $71,756,134 in 1950. Of the $8,417,246 in- crease in dollar volume, $3,698,304 was accounted for by the Jefferson Hotel in St. Louis and the Arrowhead Springs Hotel of San Bernardino, California. The Jefferson, acquired at the end of November, 1950, contributed revenue throughout 1951. The Arrowhead Springs Hotel was leased in May, 1951. Net consolidated income after all charges including federal income and excess profits taxes amounted in 1951 to $3,955,549, equal after providing for dividends on convertible preference stock to $2.38 a share on the 1,592,- 878 common shares outstanding at the end of INCOME PROFITS & DIVIDENDS IN MILLIONS OF DOLLARS INCOME 1946* 1947 1948 1949 1950 1951 AY-