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Hilton Hotels, 1951 Annual Report
Image 9
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Hilton Hotels Corporation. Hilton Hotels, 1951 Annual Report - Image 9. 1951. 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/1494/show/1475.

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 9. 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/1475

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 9, 1951, 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/1494/show/1475.

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 9
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_004_009.jpg
Transcript ANALYSIS OF LONG T FIRST MORTGAGE BONDS AND NOTES The Palmer House The Plaza The Conrad Hilton The Town House The Jefferson Waldorf-Astoria Laundry SECOND MORTGAGE NOTE The Jefferson 5% SINKING FUND INCOME DEBENTURES Waldorf-Astoria NOTES PAYABLE Installment Purchase Note Palmer House Unsecured Notes Dayton Biltmore Company Notes.... El Paso Hilton Hotel Notes R. E. Crummer, Sr Mayflower Hotel Corporation Unsecured Notes Waldorf-Astoria Laundry Purchase Notes Hilton Hotels Corporation and Subsidiaries Balance Additions Payments Balance December 31, During During December 31, 1950 1951 1951 1951 $15,040,000.00 $ 320,000.00 $14,720,000.00 5,453,697.47 251,332.01 5,202,365.46 4,500,000.00 2,500,000.00 7,000,000.00 350,000.00 350,000.00 1,131,475.26 55,824.23 1,075,651.03 — 378,400.00 7,200.00 371,200.00 120,404.26 26,047.94 94,356.32 4,115,500.00 ■ 913,000.00 3,202,500.00 2,450,000.00 2,450,000.00 56,837.55 56,837.55 40,173.86 40,173.86 91,500.00 15,000.00 76,500.00 100,000.00 60,000.00 40,000.00 500,000.00 100,000.00 400,000.00 . 813,400.00 $ 3,691,800.00 9,180.00 $ 2,147,758.04 804,220.00 $33,949,588.40 $35,493,630.36 Hilton has guaranteed Hilton Hotels Corporation against any loss from operating the property and the corporation may terminate the lease if operations prove unsatisfactory. The Arrowhead Springs Hotel is a six story steel and concrete structure located on a 1,700 acre tract. Its location and facilities qualify it as a resort hotel and for conventions. On February 1, 1952, Hilton Hotels Corporation, through a wholly owned subsidiary, entered into a 10 year lease to operate the Blackstone Hotel of Fort Worth, Texas. The lease contains options to renew for three successive 10-year terms. Simultaneously, the hotel's furniture and equipment, which belonged to the former tenant, were purchased for $250,000. The hotel will be operated as the Hilton Hotel, Fort Worth, Texas. It is a 278-room building of modern construction and com pletely air conditioned. One of the leading hotels of Texas, it is expected to fit in well to your corporation's operations. Employees Pension Plan The Hilton Hotels Corporation currently employs a staff of 7460 persons. The management is cognizant of the contribution which these employees make, through their loyalty and their high performance standards, to the continuing success of the corporation's operations. It is pleased to take this opportunity to acknowledge their contribution appreciatively. Following approval by shareholders at the annual meeting held in April, 1951, your corporation installed the Hilton Hotels Employees Pension Plan, effective on January 1, 1951. The object is to assure employees of a measure of financial independence when their produc- iiii" ■ • iiiiEiiiU iimnnu a man ru itiiifii 11124 a SB ilillllifi tlHIEEEC HI .""**»* lL -*§te^ jpjs .#?%: THE PLAZA, New York City The famed Plaza Hotel offers the visitor to New York the best of everything. It occupies one of the finest pieces of real estate in the world, facing Central Park on one side and Fifth Avenue on another . . . this location, one of the quietest and most beautiful in Manhattan, is immediately adjacent to the midtown shopping and amusement areas. Plaza cuisine has for generations won the acclaim of the most exacting gourmets . . . and its service is as personal and as attentive as can be desired. Society is well served here. €)