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Hilton Hotels, 1961 Annual Report
Image 35
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Hilton Hotels Corporation. Hilton Hotels, 1961 Annual Report - Image 35. 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/557.

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 35. 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/557

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 35, 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/557.

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 35
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_014_035.jpg
Transcript SUMMARY OF CONSOLIDATED EARNINGS 1961 GROSS REVENUE Rooms department $100,619,492 Food and beverage department 106,360,822 Other operated departments 17,031,153 Other income. 5,168,878 Store rentals 3,739,396 Office building rentals 1,032,648 Interest on investments 1,225,588 TOTAL GROSS REVENUE 235,177,977 EXPENSES Operated departments 130,216,813 Administrative and general 15,586,054 Advertising and business promotion 6,187,729 Heat, light and power 9,421,127 Maintenance and repairs 12,763,180 Lease rentals 19,926,881 Real estate and personal property taxes 9,038,102 Depreciation and amortization 11,035,002 Interest . 4,464,890 Other capital charges 3,584,880 total expenses 222,224,658 profit before other additions or deductions. . . . 12,953,319 OTHER ADDITIONS OR (DEDUCTIONS) Contribution to pension trust Income from non-consolidated foreign units. . .. Sundry others, net TOTAL OTHER ADDITIONS OR (DEDUCTIONS) NET PROFIT BEFORE INCOME TAXES Provision for income taxes NET PROFIT FROM OPERATIONS SALE OF PROPERTIES Gain on sale of properties Provision for applicable taxes NET PROFIT ON SALE OF PROPERTIES TOTAL NET PROFIT Deduct minority interest NET PROFIT (26,665) 209,570 144,380 327,285 13,280,604 6,921,878 6,358,726 9,569,896 2,392,474 7,177,422 13,536,148 (3,553) $ 13,539,701 YEARS ENDED DECEMBER 31 1960 1959 1958 100,259,521 102,737,737 17,545,670 4,989,114 3,429,103 996,898 1,544,360 94,580,703 99,709,479 16,686,079 4,836,573 3,144,339 1,057,325 1,042,852 88,621,222 93,141,935 15,352,986 4,646,225 2,999,609 1,051,240 976,303 126,341,840 15,292,388 5,869,238 9,074,449 12,995,776 18,482,840 8,579,406 10,740,575 4,357,289 3,188,483 119,488,933 13,805,150 5,034,618 8,403,705 13,072,322 18,158,107 8,109,758 9,130,804 2,950,349 2,237,565 112,242,417 12,835,908 5,298,317 7,852,634 11,151,513 16,469,604 7,237,595 8,658,153 2,943,521 2,311,056 1957 85,289,337 88,759,338 15,025,795 4,540,579 2,953,070 1,038,372 1,011,842 231,502,403 221,057,350 206,789,520 198,618,333 101,455,452 20,258,306 4,855,240 7,055,984 11,808,153 15,029,814 6,799,571 8,162,106 2,631,748 2,573,440 214,922,284 200,391,311 187,000,718 180,629,814 16,580,119 20,666,039 19,788,802 17,988,519 (37,370) (1,005,310) (1,051,475) (1,061,866) 219,392 (121,874) 144,606 (264,616) 487,119 (112,498) 380,922 81,317 60,148 (1,125,320) 19,540,719 9,490,862 (676,854) (599,627) 16,640,267 9,095,285 7,544,982 10,049,857 9,547,214 19,111,948 9,564,734 17,388,892 8,703,872 8,685,020 2,985,958 738,930 2,247,028 2,044,009 511,002 1,533,007 1,939,405 484,851 1,454,554 10,139,574 120,410 9,792,010 11,582,864 10,845,628 10,019,164 9,792,010 11,582,864 1,865,899 466,475 1,399,424 10,946,638 101,010 HILTON HOTELS CORPORATION AND CONSOLIDATED SUBSIDIARIES 31