Title | Hilton Hotels, 1956 Annual Report |
Creator (LCNAF) |
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Publisher | Hilton Hotels Corporation |
Date | 1956 |
Description | Hilton Hotels Annual Report for calendar year 1956. |
Subject.Topical (LCSH) |
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Subject.Name (LCNAF) |
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Genre (AAT) |
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Language | English |
Type (DCMI) |
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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 |
Title | Image 5 |
Format (IMT) |
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File Name | hiltonar_201609_009_005.jpg |
Transcript | Ten Years of Hilton Progress have created a ne-w trenci in hotel operations During 1956, Hilton Hotels Corporation celebrated the tenth anniversary of its founding. It observed the occasion by establishing new peaks for the year in every phase of its widespread operation. Revenues and earnings rose to the highest level in our corporate history. Accordingly, the dividend rate on the common stock was again raised. Five new hotels were added to the system, and plans were completed for the acquisition or construction of several more in the months and years ahead. On June 1, 1946, a little more than ten years ago, the Hilton Hotels Corporation came into being—a consolidation of nine separately owned and operated hotel properties. Today, the Corporation is the world's largest operator of hotels, owning or leasing 29 hotels, with a total of 24,719 rooms. The domestic operation comprises twenty-five hotels in twenty cities in the United States. Hilton Hotels International, a wholly owned subsidiary, operates four hotels in Puerto Rico, Spain, Turkey, and Mexico, and will operate hotels now under construction in Havana, Cuba; Cairo, Egypt; Acapulco, Mexico; Montreal, Canada; and West Berlin, Germany. The construction of a new domestic hotel in Pittsburgh will commence shortly after July 1, 1957. Preliminary agreements have been concluded with Hilton Hotels International to operate additional hotels in Rome, Italy; Tokyo, Japan; Trinidad, British West Indies; Bangkok, Thailand; Baghdad, Iraq; and Athens, Greece. At its beginning in 1946, Hilton Hotels Corporation was one of the three major hotel systems in the United States. In the years since then, many historic additions, including the purchase of The Waldorf-Astoria in 1949, and the acquisition of the Statler Hotel chain in 1954, have brought Hilton to a position of pre-eminence in the hotel industry. In its foreign operations, the Corporation |