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Hilton Hotels, 1951 Annual Report
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Hilton Hotels Corporation. Hilton Hotels, 1951 Annual Report - Image 4. 1951. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. July 16, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1494/show/1470.

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 4. 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/1470

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 4, 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 16, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1494/show/1470.

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 4
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_004_004.jpg
Transcript THE HILTON DOLLAR 1951 Where it came from Rooms 39.10* Food 34.68* Beverage 12.98* Telephone 3.70* Other Departments 6.12* Store Rentals 1.64* Other Income 1.78* Total 100.00* Where it went Payroll and Related Expenses Cost of Sales Other Expenses Repairs and Maintenance (excluding payroll) Real Estate and Personal Property Taxes Interest on Borrowed Money Depreciation and Amortization Federal Income Tax Dividends Reinvested in Business Total 37.97* 19.80* 17.90* 3.57* 3.21* 1.54* 4.28* 6.37* 2.60* 2.76* 100.00* the year. In 1950, the consolidated income after all charges was $4,855,333, or $3.11 on the 1,498,217 common shares after providing for preference dividends. To appraise last year's results accurately, however, requires more than a passing glance at the final figures. Like most business enterprises, your corporation last year felt the impact of higher federal income and excess profits taxes. Such taxes last year totaled $5,040,986, or $3.16 per common share. In 1950 they amounted to $4,640,- 049, or $3.10 a share. The 1951 income was charged with a con tribution of $400,000 made to the Pension Trust for Hilton employees which did not exist a year ago. Non-recurring in nature was the $289,792.72 interest payment on the Stevens Hotel Corporation's income tax assessment for 1945 and 1946 which was paid last September. To a degree, both of these charges were minimized since they were deductible from income that otherwise would have been taxed at excess profits tax rates. Dividends The regular quarterly dividends of 30 cents per share on common stock were paid on «^l«iJ4ti8ii iml^Htj '. ■■» « giMMMM&| THE CONRAD HILTON, Chicago Travellers from all corners of the earth converge in Chicago . .. some just passing through, others to visit the cultural or industrial centers located in or near the city. Many are there to attend conventions, since Chicago tops all other cities in convention business. Whatever the purpose of their visit, The Conrad Hilton is well-equipped to take care of them. Formerly The Stevens, the name was changed by action of the Board of Directors so that the world's largest hotel would be easily identified as a Hilton Hotel. &