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Hilton Hotels, 1961 Annual Report
Image 13
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Hilton Hotels Corporation. Hilton Hotels, 1961 Annual Report - Image 13. 1961. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 24, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/561/show/535.

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. (1961). Hilton Hotels, 1961 Annual Report - Image 13. 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/561/show/535

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, 1961 Annual Report - Image 13, 1961, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed November 24, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/561/show/535.

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, 1961 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1961
Description Hilton Hotels Annual Report for calendar year 1961.
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 13
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_014_013.jpg
Transcript ANALYSIS OF CONSOLIDATED LONG-TERM DEBT BALANCE DECEMBER 31, 1960 ADDITIONS DURING 1961 REDUCTIONS DURING 1961 BALANCE DECEMBER 31, 1961 MORTGAGE BONDS AND NOTES The Palmer House The Conrad Hilton The Shamrock Hilton The Terrace Hilton The Savoy Hilton The Pittsburgh Hilton The Portland Hilton The New Orleans Hilton Inn Hawaiian Village Development Company.. DEBENTURES 2% Hilton, Due 11/1/64 4% Hilton, Due 7/1/77 4V2% Hilton, Due 1/1/70 6% Hilton, Due 10/15/84 4% Metropolitan Hotel Corporation OTHER NOTES Installment Purchase Contract Waldorf-Astoria Laundry Hilton Hotels International Hilton Hotels Corporation Hilton Hotels International Hilton Hotels Corporation Hawaiian Village Development Company.. Sundry TOTAL $10,320,000 — 560,000 9,760,000 4,300,000 — 300,000 4,000,000 11,343,000 — 1,088,862 10,254,138 6,892,903 — 284,362 6,608,541 2,005,403 — 121,593 1,883,810 12,000,000 — — 12,000,000 — 890,000 — 890,000 — 2,034,268 10,230 2,024,038 — 3,246,000 — 3,246,000 1,500,000 1,500,000 4,255,000 — 4,255,000 — 2,127,000 — — 2,127,000 28,800,000 — — 28,800,000 2,750,000 — — 2,750,000 1,950,000 100,000 1,850,000 437,740 — 40,720 397,020 146,712 — 49,999 96,713 1,994,703 — 1,994,703 — 222,222 — 222,222 — — 21,000,000 21,000,000 — — 462,500 — 462,500 145,487 35,793 109,694 $91,190,170 27,632,768 30,063,484 88,759,454 pany in exchange for 50 per cent of the preferred and common stock and a note for $15,000,000. Fritz B. Burns & Son transferred ownership of approximately 4.7 acres of land bordering the lagoon adjacent to the hotel, valued at $6,000,- 000, to Hilton-Burns Hotels Company in exchange for 50 per cent of the stock. The company then obtained a $15,000,000 loan secured by a first mortgage on the hotel properties from The Equitable Life Assurance Society of the United States and paid off all except $250,000 of the $15,000,000 note held by Hilton Hotels. A management agreement with Hilton- Burns Hotels Company was entered into for the operation of the hotel by Hilton. Subsequently, Hilton Hotels, together with Fritz B. Burns and F. Patrick Burns, formed a partnership known as Hawaiian Village Development Company, in which Hilton Hotels has a 75 per cent interest. The partnership acquired from Kaiser Community Homes, at a cost of $5,246,200, approximately 4.8 acres of land on which the hotel's Dome convention building is situated. Of the purchase price, $3,246,000 was obtained by a first mortgage loan from the Bank of