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Hilton Hotels, 1950 Annual Report
Image 9
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Hilton Hotels Corporation. Hilton Hotels, 1950 Annual Report - Image 9. 1950. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. February 28, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/29/show/8.

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 9. 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/8

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 9, 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 28, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/29/show/8.

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 9
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_003_009.jpg
Transcript enue increased from $5,738,391 last year to $6,- 001,186 in 1950, while net profit after providing for income and excess profits taxes was $573,447 this year, as compared to $404,564 in 1949. The Federal income tax deficiency asserted by the Bureau of Internal Revenue for the years 1943 to 1945 has been disposed of and an agreement signed under which a refund of approximately $130,000, including interest, will be made to the corporation for the years in question, after giving effect to all deficiencies. Claims for refunds for the years 1946 through 1948 have also been agreed to, whereby the corporation will receive an additional sum of approximately $19,000. The suit filed in the Federal District Court of Washington, D. C. against your corporation and certain of its officers, directors and others by minority stockholders of the Mayflower, seeking to set aside the stock purchase and the management contract, was tried. Judge Goldsborough decided in favor of your corporation and its officers on all the issues. An appeal has been taken and the matter is now pending in the Circuit Court of Appeals for the District of Columbia. It is anticipated that the appeal will be argued in the very near future. Jefferson Hotel Acquired Hilton Hotels Corporation acquired the 750 room Jefferson Hotel, one of the leading transient hotels in St. Louis, when arrangements were concluded on October 31, 1950 to purchase approximately 80 per cent of the outstanding capital stock of Jefferson Hotel Company. Your corporation offered to buy all the remaining stock at the same price paid to the majority interests. At December 31, 1950, 86.85 per cent of the stock had been acquired by purchase and options on an additional 11.47 per cent of the stock had been taken. At the date of this report, your corporation, therefore, had purchased or had agreed to purchase 98.32 per cent of all Jefferson Hotel Company stock outstanding. The Jefferson Hotel, in addition to its 750 air- conditioned guest rooms, has the largest hotel facilities in St. Louis for banquets and conventions. With the benefits of Hilton management, including New Hotel Jefferson • Saint Louis, Missouri * .,-«£*r'