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Hilton Hotels, 1951 Annual Report
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Hilton Hotels Corporation. Hilton Hotels, 1951 Annual Report - Image 26. 1951. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 18, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1494/show/1492.

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 26. 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/1492

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 26, 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 18, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1494/show/1492.

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 26
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_004_026.jpg
Transcript SUMMARY OF CONSOLIDATED EARNINGS FOR THE SIX YEARS ENDED DECEMBER 31, 1951 1951 1950 1949 GROSS REVENUE Rooms Department $31,350,484 $28,248,855 $19,624,629 Food and Beverage Department. Other Operated Departments. . . Other Income Store Rentals Interest on Securities 38,215,049 7,869,696 1,408,068 1,316,047 62,871 33,822,503 7,088,476 1,311,652 1,270,166 54,109 21,079,609 5,424,123 681,677 953,719 41,637 1948 $19,672,728 22,023,068 5,154,361 782,324 1,025,976 67,512 1947 {18,564,498 22,379,960 4,979,440 796,945 1,057,184 64,695 1946* ^14,742,177 18,460,093 4,658,002 713,898 1,087,128 14,717 Total Gross Revenue $80,222,215 $71,795,761 $47,805,394 $48,725,969 $47,842,722 $39,676,015 EXPENSES Operated Departments Administrative and General. . . Advertising and Business Promotion Heat, Light and Power Maintenance and Repairs Lease Rentals Real Estate and Personal Property Taxes.... Depreciation and Amortization. Interest Provision for Federal Faxes on Income Other Capital Charges 7 otal Expenses $44,052,000 $39,017,530 $26,444,235 $27,085,245 $26,786,617 $22,261,676 7,276,940 6,236,809 3,646,620 3,724,578 3,417,913 2,913,490 1,578,280 2,454,960 4,328,086 2,706,455 1,289,375 2,157,643 3,456,026 2,388,943 2,574,738 ' 2,328,134 3,434,697 ' 3,082,458 1,236,834/ 1,147,080 5,418,033 625,977 / 4,634,733 658,751 934,372 1,530,851 2,470,581 182,599 1,717,022 2,539,522 845,834 2,849,806 232,864 750,881 1,711,635 3,096,300 179,866 1,401,121 2,653,882 850,844 2,753,745 267,748 763,302 1,491,277 2,290,151 179,866 1,511,503 2,297,290 855,737 3,062,414 301,023 577,453 1,228,601 2,364,019 179,866 1,317,907 1,790,659 991,561 2,234,864 276,599 $75,687,000 $66,397,482 $43,394,306 $44,475,845 $42,957,093 $36,136,695 NET PROFIT BEFORE OTHER ADDITIONS OR DEDUCTIONS . $ 4,535,215 $ 5,398,279 $ 4,411,088 $ 4,250,124 $ 4,885,629 $ 3,539,320 OTHER ADDITIONS OR [DEDUCTIONS] FROM INCOME Gain or Loss on Sale or Abandonments of Capital Assets Refinancing Expense and Note Discount Miscellaneous and Sale of Securities Contribution to Pension Trust.. Interest on Income Tax Assessment—Stevens Hotel Corporation Provision for Applicable Taxes. . [1,339] $ [796] $ [273,415] $ [127,498] $ 1,294,999 $ 19,022 [263,729] 136,863 117,108 20,944 16,811 197,872 [3,879] [400,000] [289,793] 313,810 [53,704] 95,939 41,761 [279,634] [4,518] TOTAL OTHER ADDITIONS OR [DEDUCTIONS] [240,459] 62,608 [156,532] $[68,926] 949,508 10,625 total net profit $ 4,294,756 $ 5,460,887 $ 4,254,556 $ 4,181,198 $ 5,835,137 $ 3,549,945 DEDUCT MINORITY INTEREST 339,207 605,554 122,883 125,996 135,403 496 net profit $ 3,955,549 $ 4,855,333 $ 4,131,673 $ 4,055,202 $ 5,699,734 $3^549,449 NOTE: Hilton Hotels Corporation was created by consolidation May 31, 1946. Operations for the year 1946 include seven months operation by the Corporation and five months operation by the consolidating companies and their predecessors.