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Hilton Hotels, 1960 Annual Report
Image 18
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Hilton Hotels Corporation. Hilton Hotels, 1960 Annual Report - Image 18. 1960. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. October 31, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/476/show/457.

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. (1960). Hilton Hotels, 1960 Annual Report - Image 18. 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/476/show/457

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, 1960 Annual Report - Image 18, 1960, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed October 31, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/476/show/457.

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, 1960 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1960
Description Hilton Hotels Annual Report for calendar year 1960.
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 18
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_013_018.jpg
Transcript Francisco Hilton Hotel was delayed during the past year by litigation over issuance of a building permit. The California Supreme Court has ruled in our favor, and a permit has been issued. The dispute was over the unique design which ingeniously combines the best features of a hotel and a motel. On seven of the 18 floors, rooms will surround garage areas and be serviced by a spiral ramp. A guest will be able to drive in and pick up his key without getting out of his car. He then can drive to his room floor and park his car. Construction of a 22-story office building is being considered as part of the San Francisco project. Hilton Hotels Corporation will be associated with Rockefeller Center, Inc. and Uris Buildings Corporation in the 45-story, 2,200-room luxury hotel planned for the Rockefeller Center area of New York City on the west side of the Avenue of Americas between 53rd and 54th streets. Under terms of the agreement, Hilton will manage the hotel and will purchase a 25 per cent interest in the equity in the venture. Estimated cost of construction and furnishing, exclusive of the land which will be leased, is $47 million. A $30 million loan has been arranged with the New York Life Insurance Company. Construction will begin in the spring and formal opening is scheduled for January, 1963. The Corporation began operating restaurant facilities at Chicago's McCormick Place with the opening of that $35 million, 10-acre lakefront exposition center in November, 1960. The dining areas include The Presidents' Walk, a full service dining room seating 650; a self service restaurant with a capacity of 1,800 persons an hour; and complete banquet facilities for groups up to 25,000. Our lease is for six years with three successive renewal options of three years each and can be cancelled at our election after three years. This is our first venture in operating restaurants not connected directly with our hotels. On February 1, Hilton took over operation of the famed Hawaiian Village in Honolulu, purchased the preceding month from Kaiser-Burns Corporation. It has in excess of 1,100 rooms and suites in nine buildings. Purchased in fee were 5% acres of land with an additional 12^ acres leased with options to purchase. All of this prime ocean front property is ideal for immediate development. The price was $19,341,951 in cash and 62,500 shares of Hilton Hotels Corporation common stock. 16 hilton inn program: The Hilton Inn program continued to make progress during 1960 as the 302-room Atlanta Inn was opened in June following inns already in operation in San Francisco, New Orleans and El Paso. The Atlanta Inn is located opposite the Municipal Airport, only 15 minutes from downtown via the expressway. The inn's five interconnecting buildings, with wide galleries and overhanging eaves running around the second-story level, pitched roofs and ironwork railings, recall the gracious and weatherwise southern plantation architecture. Hilton is operating the inn under a 25-year lease, subject to a renewal option. Roadside inns at Tarrytown, New York and Aurora, Illinois and an airport inn at Seattle are under construction. The 200-room Tarrytown structure is on a ten-acre site near the Tappan Zee Bridge on the New York State Thruway. Completion is anticipated in the summer of 1961. The Corporation is constructing the building but has leased the ground through Dining room at a Hilton Inn, pool and garden at a Hilton Inn