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Hilton Hotels, 1952 Annual Report
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Hilton Hotels Corporation. Hilton Hotels, 1952 Annual Report - Image 8. 1952. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. September 15, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/736/show/715.

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. (1952). Hilton Hotels, 1952 Annual Report - Image 8. 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/736/show/715

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, 1952 Annual Report - Image 8, 1952, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed September 15, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/736/show/715.

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, 1952 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1952
Description Hilton Hotels Annual Report for calendar year 1952.
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 8
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_005_008.jpg
Transcript ACQUISITION OF ROOSEVELT HOTEL Another major step during the year was the acquisition, through a wholly owned subsidiary, of the leasehold estate comprising the Roosevelt Hotel, New York. This property was being operated by Hilton Hotels Corporation under a management contract but was owned by a separate corporation, Roosevelt Hotel, Inc. In May, an agreement was entered into to purchase the assets and assume the liabilities of Roosevelt Hotel, Inc. A few minority stockholders of Roosevelt objected to the transaction and instituted a suit which was dismissed on our motion. In order to avoid the expense and delay of protracted litigation, a settlement was then negotiated under which an offer was made to the Roosevelt Hotel stockholders either to purchase their stock for $21.15 per share or to exchange one and one-half shares of Hilton common for each share of Roosevelt. Hilton further agreed to repurchase any of its own common stock issued in connection with this exchange at $16.66 per share for a limited period. This offer was accepted by the holders of more than 95% of the outstanding stock of Roosevelt Hotel, Inc. and, on December 31, 1952, our subsidiary, Hotel Roosevelt Corporation, acquired all of the assets of Roosevelt Hotel, Inc., subject to its liabilities. Thereby the Roosevelt Hotel was integrated into the Corporation and its earnings also will inure to the benefit of our stockholders. SALE OF LUBBOCK HILTON AND DAYTON BILTMORE In May, the Hilton Hotel in Lubbock, Texas, was sold for $1,450,000. Under the terms of the sale, Hilton received $300,000 in cash and took back an installment note of $1,150,000 secured by a mortgage upon the hotel and equipment. This sale resulted in a profit of $792,602, subject to income taxes at the capital gains rate. ROOM iCCUPANCY ■0 i"" " \-^— I—--J 10 NET PROFIT AND TAXES Millions of Dollars Net Profit 1946 1947 1948 1949 1950 1951 1952 1946 1947 1948 1949 1950 1951 1952