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Hilton Hotels, 1951 Annual Report
Image 8
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Hilton Hotels Corporation. Hilton Hotels, 1951 Annual Report - Image 8. 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/1474.

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 8. 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/1474

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 8, 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/1474.

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 8
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_004_008.jpg
Transcript EXPENDITURE FOR MAINTENANCE AND MODERNIZATION 1946 1947 1948 1949 1950 $4,328,086 I O 1 MUIONS OF DOLLARS $3,090,150 ■IJMHJi Additional shares of common stock in the amount of 94,261 were issued in 1951 to provide the share for share exchange with Hotel Waldorf-Astoria Corporation shareholders. At year end, there were, therefore, 1,592,878 shares outstanding. These shares had a book value of $19.69 a share as compared to 1,498,- 217 shares with a book value of SI9.16 as at December 31, 1950. The rise in the per share book value of the common stock since formation of the corporation in 1946 is shown graphically by the chart on page 14. Expansion Policy At present, the construction of new hotels in the United States is restricted by the government as part of its policy of channeling materials and manpower primarily to the mobilization program. Consequently, the only area of expansion permissible to the corporation is the acquisition of existing hotel properties or to obtain a permit to build. The corporation pursues an alert and vigilant course with respect to investigating properties which are offered for sale, but holds to a conservative policy toward acquisition. The ratio of acquisition to investigation was low in 1951, the determining factor being the requirement by the board of directors that profit possibilities be clearly demonstrated before a new hotel be acquired. Hotels Acquired Effective May 1, 1951, the corporation leased from Conrad N. Hilton the 166-room Arrowhead Springs Hotel bordering on San Bernardino, California. Under terms of the lease, Mr. : >'• ■ HILTON HOTEL, El Paso, Texas The El Paso Hilton is the business heart of an International Crossroads. Six transcontinental highways converge there and the new Mexican Central Highway starts in El Paso its route south through Mexico City to Central America. Being a travel hub, with six railroads and five airlines, and an International Port of Entry, and a city with large and varied manufacturing, The El Paso Hilton is a popular headquarters for businessmen and the many types of travellers who visit the vast, varied El Paso Sunland. W~'r~k