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Hilton Hotels, 1956 Annual Report
Image 33
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Hilton Hotels Corporation. Hilton Hotels, 1956 Annual Report - Image 33. 1956. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. February 18, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/598/show/594.

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. (1956). Hilton Hotels, 1956 Annual Report - Image 33. 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/598/show/594

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, 1956 Annual Report - Image 33, 1956, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed February 18, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/598/show/594.

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, 1956 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1956
Description Hilton Hotels Annual Report for calendar year 1956.
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 33
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_009_033.jpg
Transcript 1956 1955 1954 1953 1952 1951 1950 1949 1948 1947 GROSS REVENUE Rooms Department $ 85,082,755 $ 81,566,520 $ 50,060,666 $39,307,529 $34,331,105 $31,350,484 $28,248,855 $19,624,629 $19,672,728 $18,564,498 Food and Beverage Department 89,264,241 84,832,829 55,754,805 45,301,690 40,950,719 38,215,048 33,822,503 21,079,609 22,023,068 22,379,960 Other Operated Departments 15,368,355 15,059,221 10,623,234 9,649,254 8,983,416 7,869,696 7,088,476 5,424,123 5,154,361 4.979,440 Other Income 4,895,226 4,362,857 2,373,050 1,839,273 1,555,618 1,422,105 1,311,652 681,677 782,324 796,945 Store Rentals.....! 2,696,413 2,460,510 1,797,463 1,471,666 1,334,514 1,316,047 1,270,166 953,719 1,025,976 1,057,184 Office Building Rentals 929,189 956,194 150,401 _______ Interest on Investments 643,856 218,432 224,848 124,578 63,152 48,835 54,109 41,637 67,512 64,695 total gross revenue $198,880,035 $189,456,563 $120,984,467 $97,693,990 $87,218,524 $80,222,215 $71,795,761 $47,805,394 $48,725,969 $47,842,722 EXPENSES Operated Departments $101,203,461 $97,545,612 $64,529,241 $53,265,104 $47,683,216 $44,052,000 $39,017,530 $26,444,235 $27,085,245 $26,786,617 Administrative and General 19,761,277 18,809,063 12,420,434 9,572,412 8,275,935 7,276,940 6,236,809 3,646,620 3,724,578 3,417,913 Advertising and Business Promotion. . 4,630,761 4,238,618 2,955,153 2,115,632 1,802,294 1,578,280 1,289,375 934,372 750,881 763,302 Heat, Light and Power 6,962,626 6,685,988 4,134,904 3,076,723 2,671,729 2,454,960 2,157,643 1,530,851 1,711,635 1,491,277 Maintenance and Repairs 10,715,822 10,687,111 6,833,119 6,519,117 5,063,585 4,328,086 3,456,026 2,470,581 3,096,300 2,290,151 Lease Rentals 15,947,004 15,603,606 8,660,280 4,687,984 3,351,809 2,706,456 2,388,943 182,599 179,866 179,866 Real Estate and Personal Property Taxes .. 5,943,901 6,123,974 3,249,568 3,053,159 2,926,238 2,574,738 2,328,134 1,717,022 1,401,121 1,511,503 Depreciation and Amortization.-.. . 8,002,590 *-7,728,292 4,627,952 3,996,447 3,835,806 3,445,779 3,082,458 2,539,522 2,653,882 2,297,290 Interest 2 675,215 3,116,942 1,685,551 1,296,507 1,230,910 1,236,834 1,147,080 845,834 850,844 855,737 Other Operating Cosis.'.'.".' '.'.'. '.'.'..'.. - - 47>035 216>834 276>205 14>108 - - - _ Other Capital Charges .. 2,350,451 1,674,560 1,208,860 792,819 760,855 625,977 658,751 232,864 267,748 301,023 total expenses $178,193,108 $172,213,766 $110,352,097 $88,592,738 $77,878,582 $70,294,158 $61,762,749 $40,544,500 $41,722,100 $39,894,679 PROFIT BEFORF flTHFR ADDITIONS or deductions . $ 20,686,927 $ 17,242,797 $ 10,632,370 $ 9,101,252 $ 9,339,942 $ 9,928,057 $10,033,012 $ 7,260,894 $ 7,003,869 $ 7,948,043 OTHER ADDITIONS Contributio^tr^ensfon Trust . $ (962,900) $ (917,150) $ (603,000) $ (500,000) $ (400,000) $ (400,000) $- $_ $_ $ _ Adjustments for Prior Years - "3,684 87,286 98,521 380,272 _____ Sundry Others—Net . 163,169 159,227 144,523 34,060 125,455 (139,527) 116,312 43,260 (110,687) (262,370) Provision for Income Taxes (10,264,141) (8,539,783) (5,430,162) (4,508,946) (5,013,025) (5,104,223) (4,688,437) (2,866,245) (2,711,984) (2,965,362) T°ToArL(°D™ucTioNIsyONS $(11,063,872) $ (9,184,022) $ (5,801,353) $(4,876,365) $(4,907,298) $(5,643,750) $(4,572,125) $(2,822,985) $(2,822,671) $(3,227,732) net profit from operations $~9^23^55 $ 8,058,775 $ 4,831,017 $ 4,224,887 $ 4,432,644 $ 4,284,307 $ 5,460,887 $ 4,437,909 $ 4,181,198 $ 4,720,311 SALE OF PROPERTIES Gain or (Loss) on Sale of Properties. . $ 9,635,578 $ 1,470,001 $ 1,237,842 $3,079,338 $ 365,196 $ $ $ (295,731)$ $1,491,512 Provision for Capital Gains Tax 2,470,423 367,500 321,839 800,628 94,951 - - (112,378) - 376,686 net profit or (loss1) on sale of properties .. $ 7,165,155 $ 1,102,501 $ 916,003 $ 2,278,710 $ 270,245 $ - $ - $ (183,353) $ - $ 1,114,826 total net profit $ 16,788^10 $ 9,161,276 $ 5,747,020 $6,503,597 $4,702,889 $4,284,307 $5,460,887 $4,254,556 $4,181,198 $5,835,137 Deduct Minority Interest. 35,841 56,516 8,947 89,597 181,474 343,492 . 605,554 122,883 125,996 135,403 NET profit $ 16,752,369 $ 9,104,760 $ 5,738,073 $ 6,414,000 $ 4,521,415 $ 3,940,815 $ 4,855,333 $ 4,131,673 $ 4,055,202 $ 5,699,734 FOR THE TEN YEARS ENDED DECEMBER 31,1956 -2-NID SUBSIDIARIES 31