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Hilton Hotels, 1950 Annual Report
Image 28
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Hilton Hotels Corporation. Hilton Hotels, 1950 Annual Report - Image 28. 1950. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. February 19, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/29/show/27.

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 28. 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/27

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 28, 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 19, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/29/show/27.

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 28
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_003_028.jpg
Transcript Summary of Combined Earnings FOR THE FIVE YEARS ENDED DECEMBER 31, 1950 1946f INCOME Gross Revenue Rooms Department $14,687,274 Food and Beverage Department... . 18,350,588 Other Operated Departments 4,633,388 Other Income 710,171 Store Rentals 1,087,128 Dividends and Interest on Securities 14,717 $39,483,266 1947 1948 1949 1950 $16,735,223 $17,677,417 $17,565,405 $18,857,836 19,507,348 19,044,705 18,152,315 19,400,593 4,315,200 4,491,332 4,727,211 5,509,198 802,751 796,280 717,148 753,598 1,046,023 1,019,231 946,764 987,213 136,533 142,755 $43,171,720 118,185 148,298 $42,543,078 $42,227,028 $45,656,736 EXPENSES Operated Departments $22,119,269 $23,265,248 $23,443,997 $22,797,937 $23,920,791 Administrative and General 2,897,862 3,150,218 3,455,072 3,320,160 4,127,898 Advertising and Business Promotion 574,838 663,914 650,331 835,451 865,984 Heat, Light and Power 1,223,091 1,342,544 1,534,596 1,359,994 1,509,655 Maintenance and Repairs 2,354,400 2,080,348 2,803,350 2,243,831 2,282,600 Lease Rentals 179,866 179,866 179,866 182,599 588,647 Real Estate and Personal Property Taxes 1,314,440 1,406,141 1,280,240 1,591,563 1,485,221 Depreciation and Amortization 1,779,411 1,974,050 2,282,712 2,144,229 2,319,115 Interest 989,906 812,971 810,703 811,271 905,306 Provision for Federal Taxes on Income 2,234,090 2,789,247 2,499,636 2,595,652 3,268,831 Other Capital Charges 276,171 287,880 254,328 204,576 361,036 $35,943,344 $37,952,427 $39,194,831 $38,087,263 $41,635,084 net profit—before non-recurring items $ 3,539,922 $ 4,590,651 $ 3,976,889 $ 4,139,765 $ 4,021,652 non-recurring income and expenses f Gain or Lossf on Sale or Abandonments of Capital Assets $ 19,022 $ 1,294,999 $ 127,498* $ 273,415* $ 796* Refinancing Expense and Note Discount 263,729* Miscellaneous and Sale of Securities 3,879* 197,872 13,988 20,944 26,270 Provision for Applicable Taxes 4,518* 279,634* 42,826 95,939 11,480* $ 10,625 $ 949,508 $ 70,684* $ 156,532* $ 13,994 net profit for the period $ 3,550,547 $ 5,540,159 $ 3,906,205 $ 3,983,233 $ 4,035,646 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. NOTE* Denotes Red Figures. LITHO IN U.S.A.