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Hilton Hotels, 1951 Annual Report
Image 6
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Hilton Hotels Corporation. Hilton Hotels, 1951 Annual Report - Image 6. 1951. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. May 25, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1494/show/1472.

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 6. 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/1472

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 6, 1951, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed May 25, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1494/show/1472.

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 6
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_004_006.jpg
Transcript Hilton Development Corporation and the State Monroe Equipment Corporation, represented investments in land and equipment. Their liquidation permitted tax savings under the present tax laws. As a result of an offer made to all of the stockholders of the Jefferson Hotel Company, all of the stock of that company except a few shares representing less than one half of one per cent of those outstanding was purchased at a cost of $2,645,221.57. On May 1, 1951, the Jefferson Hotel Company was liquidated and the assets and liabilities acquired by Hilton Hotels Corporation. Progress has been made in acquiring a larger interest in the Hotel Waldorf-Astoria Corporation and in the Mayflower Hotel Corporation. At the year end our holdings of Hotel Waldorf- Astoria Corporation stock were 307,049 shares, or 83.88 per cent of the total issue; while our interest in the Mayflower Hotel Corporation was 273,970 shares, or 70.3 per cent of the stock outstanding. A total of 94,261 shares of Waldorf-Astoria stock was received as the result of the offer to exchange a share of Hilton Hotels Corporation common for each share of Common stock of Hotel Waldorf-Astoria Corporation. This offer was submitted to all Waldorf- Astoria stockholders April 26, 1951 and extended to September 26, 1951. In September, a settlement was reached with the Bureau of Internal Revenue on the tax assessment proposed to be made against the Stevens Hotel Corporation, one of the consolidating corporations which went into the formation of Hilton Hotels Corporation in 1946. This tax was settled by a payment of $925,000 plus interest of $289,792.72. THE PALMER HOUSE, Chicago, III. Famous for hospitality and in the center of Chicago ... that's The Palmer House. Located in the famous Loop the hotel is conveniently near department stores, theatres, movies, the financial district, Art Institute and other important points of interest. Excellent food is served in six famous dining rooms including the fabulous Empire Room, parade grounds for the greatest array of entertainment stars in Amercia. For the convenience of guests, the Guest Accommodations Desk offers courteous help in almost any type of problem. I>. " ®