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Hilton Hotels, 1960 Annual Report
Image 22
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Hilton Hotels Corporation. Hilton Hotels, 1960 Annual Report - Image 22. 1960. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. July 8, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/476/show/461.

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 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/476/show/461

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 22, 1960, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed July 8, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/476/show/461.

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 22
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_013_022.jpg
Transcript 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)