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Hilton Hotels, 1950 Annual Report
Image 22
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Hilton Hotels Corporation. Hilton Hotels, 1950 Annual Report - Image 22. 1950. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. February 21, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/29/show/21.

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. (1950). Hilton Hotels, 1950 Annual Report - Image 22. 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/29/show/21

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, 1950 Annual Report - Image 22, 1950, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed February 21, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/29/show/21.

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, 1950 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1950
Description Hilton Hotels Annual Report for calendar year 1950.
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 22
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_003_022.jpg
Transcript Consolidated Income Year Ended Dec. 31, 1950 Dec. 31, 1949 gross operating revenue Rooms Department $18,857,836.27 $17,565,405.27 Food and Beverage Departments 19,400,593.42 18,152,314.49 Other Operated Departments 5,509,198.24 4,727,211.06 Other Income 753,597.82 717,148.11 Store Rentals 987,212.89 946,764.29 $45,508,438.64 $42,108,843.22 operating costs and expenses Departmental Costs and Expenses $23,920,791.06 $22,797,936.68 Administrative and General Expenses 4,127,897.88 3,320,159.61 Advertising and Business Promotion 865,983.59 835,451.34 Heat, Light and Power 1,509,655.32 1,359,994.15 Maintenance and Repairs 2,282,600.47 2,243,831.41 Lease Rentals 588,646.82 182,599.08 Real Estate and Personal Property Taxes 1,485,221.11 1,591,563.33 Depreciation and Amortization 2,319,115.07 2,144,229.15 Interest 905,305.99 811,271.15 Corporate Expenses and Sundry Capital Charges 361,035.94 204,575.55 $38,366,253.25 $35,491,611.45 gross operating profit $ 7,142,185.39 $ 6,617,231.77 interest and dividends 148,297.73 118,184.59 profit before non-recurring income and expenses $ 7,290,483.12 $ 6,735,416.36 non-recurring income and expenses Loss* on Sale of Properties $ $ 295,730.53* Profit or Loss* on Sale and Abandonments of Capital Assets. . . . 795.96* 22,316.07 Sundry Other 26,269.78 20,944.04 $ 25,473.82 $ 252,470.42* profit before provision for federal taxes on income $ 7,315,956.94 $ 6,482,945.94 provision for federal taxes on income 3,280,310.74 2,499,713.45 net profit $ 4,035,646.20 $ 3,983,232.49 NOTES: * Denotes Red Figure. Notes relating to Consolidated Income form an integral part of this statement and should be considered in connection therewith. 22