The London Hilton. This hotel is being constructed by a British company
at a cost of about $17 million. Hilton Hotels International will furnish the
hotel at a cost of approximately $2.5 million and will pay a fixed percentage
rental on the cost of the building and land. The 27-story building will have
530 air-conditioned rooms, a ballroom to hold 900 persons and adequate
underground parking. Situated on Park Lane, facing Hyde Park, it will be
the largest and most luxurious hotel in London when completed in 1962.
Cornerstone ceremonies for the Albergo Cavalieri Hilton took place in
September, 1960, culminating ten years of negotiations in Rome. The site
of the 400-room hotel will be on a slope in Monte Mario with an impressive
view of the city. New roads insure a quick trip from the center of town in
less than fifteen minutes. Completion is scheduled for 1963.
Also under construction are hotels in Trinidad, Athens, Amsterdam,
Rotterdam, Teheran and a 140-room addition at Istanbul. The "upside-
down" Trinidad Hilton will open late this year. This hotel is built down
the slope of Belmont Hill and guests will enter from the top. It overlooks
Port-of-Spain and the ocean. The Amsterdam and Athens hotels are
scheduled for completion in 1962 and the Rotterdam and Teheran hotels
in 1963. The 140-room Istanbul addition, when completed in 1962, will
be an integral part of the original structure with an identical exterior.
Hotels under construction will have a total of 2,643 guest rooms.
Under contract are eight hotels located respectively in Tokyo, Japan;
Paris, France (Orly Airport); Bogota, Colombia; Addis Ababa, Ethiopia;
Mayaguez, Puerto Rico; Montreal, Canada (Dorval Airport); Tunis,
Tunisia; and Geneva, Switzerland. Guest rooms in these hotels will total
approximately 2,050 when completed.
When all of the projects mentioned are completed, the International
system will have 27 hotels and inns around the world, with a total of 9,219
guest rooms. Geographically, they will be divided as follows: ten in Europe,
nine in the Caribbean and Latin America, two in Canada, three in Africa,
and three in the Pacific and Asia.
Hilton International's net income in 1960 was $1,259,821 compared
with 1959 earnings of $918,812 and 1958 net of $430,925. Four of the 11
properties—those in Istanbul, Berlin, Madrid and Cairo—are carried as
investments; the income from them is not entered on the Hilton books
until received in dollars in the United States.
carte blanche: Hilton Credit Corporation, a non-consolidated
34 % owned affiliate, has developed wide acceptance for its Carte Blanche
all-purpose credit card. However, earning power has not yet been developed as had been anticipated at the time that Hilton Credit Corporation
began operations in April, 1959.
At the end of February, 1961, new top management was provided for
this company. Benno M. Bechhold, a director of Hilton Hotels Corporation, became president, director and member of the Executive Committee
of Hilton Credit Corporation. He brings to the position many years of
experience in international banking and industrial activities. Charles L.
Fletcher, vice president and treasurer of Hilton Hotels Corporation, was
elected to the same post with Hilton Credit Corporation.
20 Arrangements were made at the same time to replenish the company's
The Amsterdam Hilton (top), The London Hilton (bottom left), The Albergo Cavalieri Hilton, Rome (bottom right)