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Hilton Hotels, 1961 Annual Report
Image 15
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Hilton Hotels Corporation. Hilton Hotels, 1961 Annual Report - Image 15. 1961. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. December 2, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/561/show/537.

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 15. 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/537

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 15, 1961, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed December 2, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/561/show/537.

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 15
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_014_015.jpg
Transcript (D.C.) Hilton will be owned by Hilton-Uris, Inc., in which Hilton Hotels and Uris Buildings Corporation each has a 50 per cent interest. As stated under "Financial Condition^ the Hilton-Burns Hotels Company, in which Hilton has a 50 per cent interest, owns The Hilton Hawaiian Village complex of land and buildings. The Kahala Hilton Hotel Company, Inc., in which Hilton has a 50 per cent interest, will build The Kahala Hilton in Honolulu. The remaining stock is held by private investors living in Honolulu. These four hotels, and others which subsequently may be built under similar arrangements, will be carried as investments and thus their operating results will not be consolidated with Hilton Hotels. Income to Hilton Hotels will be derived in the form of fees for management services and dividends paid by the operating companies. The Corporation owns 34 per cent of the common stock of Hilton Credit Corporation, operators of the Carte Blanche all-purpose credit card system. Hilton Credit Corporation has made great progress in all phases of its business during the past year. In March 1961, Hilton Hotels Corporation purchased $1,900,000 out of a total of $5,000,000 of 5% subordinated notes issued by Hilton Credit Corporation. Interest on these notes is paid semi-annually. As a result of an offer made in December to the stockholders of Statler Hotels Delaware Corporation, Hilton Hotels has acquired 74 per cent of the outstanding Statler stock. Statler Hotels Delaware owns or leases the ten Statler Hilton hotels on which Hilton Hotels has a long term lease with renewal options. Hilton Hotels paid $6.00 per share for the Statler stock, acquiring 1,339,221 shares through February 28, 1962. With more than two-thirds voting control, Hilton Hotels has greater flexibility in the disposition of such of these properties as it may deem advisable to sell. Total investments of Hilton Hotels were valued on its books at $24,155,504 at December 31, 1961. sales development: During the past year we have increased the emphasis on developing a more dynamic marketing program to capitalize more effectively on the advantages of being the largest and most strategically located hotel system in the world. The benefits to be derived from this program are long-range and will be realized over succeeding years. A new sales vice president has been appointed to coordinate the sales programs of the individual hotels. Salesmen are being trained to seek out all available sources of convention, group and individual business. The national advertising program has been refined and redirected. RECEIPTS Other Income 2.7$ Store and Office Bldg. Rentals 2.0$ Other Departments 4.5$ Telephone 2.8$ Beverages 12.5$ Rooms 42.8$ Food 32.7$ •*•••«•••••••••••«•••*••• EXPENDITURES Other Expenses 15.5$ Repairs and Maintenance 3.4$ (excluding payroll and related expenses) Property Taxes 3.8$ Lease Rentals 8.50 Interest 1.90 Income Taxes 2.9$ "^ Dividends 2.6$ Depreciation 4.7$ Reinvested in the Business 0.1$ Cost of Goods Sold 17.0$ Payroll and Related Expenses 39. 11