University of Houston Digital Library: Annual Reports from the Hospitality Industry Archives: Hilton Hotels, 1949 Annual Report

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Hilton Hotels, 1949 Annual Report

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Hilton Hotels Corporation. Hilton Hotels, 1949 Annual Report - Image 4. 1949. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. July 4, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/207/show/178.

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Hilton Hotels Corporation. (1949). Hilton Hotels, 1949 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/207/show/178

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Hilton Hotels Corporation, Hilton Hotels, 1949 Annual Report - Image 4, 1949, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed July 4, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/207/show/178.

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Compound Item Description

Title	Hilton Hotels, 1949 Annual Report
Creator (LCNAF)	Hilton Hotels Corporation
Publisher	Hilton Hotels Corporation
Date	1949
Description	Hilton Hotels Annual Report for calendar year 1949.
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

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Item Description

Title	Image 4
Format (IMT)	image/jpeg
File Name	hiltonar_201609_002_004.jpg
Transcript	After all charges, including Federal income tax, your Corporation earned $3,982,680.12 in 1949 as compared to $3,906,204.68 in 1948. The net profit for 1949 was equal to $2.50 per share on the 1,498,852 shares of Common Stock outstanding in the hands of the public on December 31, 1949, after providing for dividends of $236,522 on the Convertible Preference Stock. For the previous year total earnings were equal to $2.28 per share on the 1,583,545 Common shares then outstanding in the hands of the public after providing for $298,977 in Convertible Preference Stock dividends. Non-recurring loss amounted to $156,532 during the year 1949 as compared to $70,684 in 1948. This annual report of Hilton Hotels Corporation for the year ended December 31, 1949 is being made to its 2,871 shareholders. Included herein is the auditors' certificate of Harris, Kerr, Forster and Company, Consolidated Balance Sheets and summary of Consolidated Profit and Loss and Surplus accounts. These financial statements include the wholly owned subsidiary, Hilton Hotels International, Inc. Gross receipts from operations of the Corporation's properties were $42,025,877 in 1949 as compared to $43,171,720 in 1948, a decline of 2.6%, while earnings, as indicated above, increased 1.9%. The accompanying charts and tables afford interesting studies of comparative costs and operating results. 2