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Hilton Hotels, 1949 Annual Report
Image 26
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Hilton Hotels Corporation. Hilton Hotels, 1949 Annual Report - Image 26. 1949. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. February 26, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/207/show/200.

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. (1949). Hilton Hotels, 1949 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/207/show/200

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, 1949 Annual Report - Image 26, 1949, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed February 26, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/207/show/200.

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, 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
Item Description
Title Image 26
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_002_026.jpg
Transcript Ctov\sc»/vt><xtcfc> l^WCOWVC Year Ended Dec. 31,1949 Dec. 31,1948 gross operating revenue Rooms Department $17,565,405.27 $17,677,417.25 Food and Beverage Departments 18,152,314.49 19,044,704.64 Other Operated Departments 4,526,060.40 4,491,332.16 Other Income 718,797.08 796,279.73 Store Rentals 945,115.32 1,019,230.97 $41,907,692.56 $43,028,964.75 operating costs and expenses Departmental Costs and Expenses $22,712,671.11 $23,443,997.52 Administrative and General Expenses 3,313,490.94 3,455,071.63 Advertising and Business Promotion 835,451.34 650,331.28 Heat, Light and Power 1,345,274.62 1,534,596.23 Maintenance and Repairs 2,149,334.52 2,803,349.58 Lease Rentals 182,599.08 179,865.72 Real Estate and Personal Property Taxes 1,591,563.33 1,280,239.93 Depreciation and Amortization 2,144,229.15 2,282,712.54 Interest 811,271.15 810,703.08 Corporate Expenses and Sundry Capital Charges 204,575.55 254,327.77 $35,290,460.79 $36,695,195.28 gross operating profit $ 6,617,231.77 $ 6,333,769.47 interest and dividends 118,184.59 142,755.35 profit before non-recurring income and expense $ 6,735,416.36 $ 6,476,524.82 non-recurring income and expense Loss* on Sale of Investment Securities $ $ 1,000.00* Loss* on Sale of Property 295,730.53* Profit or Loss* on Sale or Abandonments of Capital Assets 22,316.07 127,498.40* Sundry Other 20,944.04 _ 14,988.21 $ 252,470.42* $ 113,510.19* net profit before income taxes $ 6,482,945.94 $ 6,363,014.63 provision for federal and state taxes on income 2,500,265.82 2,456,809.95 net profit $ 3,982,680.12 $ 3,906,204.68 NOTES: 'Denotes Red Figure. Notes relating to consolidated income form an integral part of this statement and should be considered in connection herewith.