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Hilton Hotels, 1952 Annual Report
Image 9
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Hilton Hotels Corporation. Hilton Hotels, 1952 Annual Report - Image 9. 1952. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. July 20, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/736/show/716.

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 9. 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/716

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 9, 1952, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed July 20, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/736/show/716.

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 9
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_005_009.jpg
Transcript THE PLAZA 1,060 Rooms 1,200 Employees The taxes are payable only as the payments on the purchase price are received. After providing for taxes on the profit attributable to 1952 income, the net profit attributable to that year was $123,192. In December, the leasehold estate comprising the Dayton Biltmore Hotel, Dayton, Ohio, was sold under a "lease back" arrangement. The purchase price was $3,300,000 of which $250,000 was paid in cash and the balance of $3,050,000 was represented by installment notes, of which $1,900,000 was paid in January, 1953. The profit on this sale was $2,623,116 which was also subject to income taxes at the capital gains rate, payable only as the payments on the purchase price are received. After providing for taxes, the profit attributable to 1952 income was $147,053. Our lease agreement with the new owners provides for a rental of $350,000 annually, as well as ground rent of $105,000. The average income of this property during the past few years has been in excess of $470,000. LONG TERM DEBT At the 1952 year end, consolidated long term debt amounted to $36,478,295, an increase of $984,665 over the $35,493,630 debt on December 31, 1951. A detailed statement of changes appears in the accompanying table. A new mortgage of $2,000,000 was placed on the Jefferson Hotel and the old first and second mortgages totaling $1,170,007 were HOTEL JEFFERSON 800 Rooms 650 Employees retired. With the acquisition of the Hotel Roosevelt, the debentures of $1,836,558 issued by the Roosevelt Hotel, Inc., and assumed by our subsidiary were included in the consolidated figure. Mortgages on The Conrad Hilton, Palmer House and Plaza and the note on The Mayflower were reduced by prepayments called for under terms of the loan agreements. The Hotel Waldorf-Astoria Corporation retired $885,000 of its debentures through operation of the sinking fund. The Mayflower note was completely retired shortly after January 1, 1953. CAPITAL CHANGES The Corporation authorized the issuance of 65,526 shares of common stock to effect the merger with Mayflower Hotel Corporation. THE TOWN HOUSE 400 Rooms 250 Employe Wm.i EL PASO HILTON 350 Rooms 235 Employees