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Hilton Hotels, 1952 Annual Report
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Hilton Hotels Corporation. Hilton Hotels, 1952 Annual Report - Image 10. 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/717.

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 10. 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/717

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 10, 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/717.

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 10
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_005_010.jpg
Transcript PALMER HOUSE 2,268 Rooms 2,200 Employees FORT WORTH HILTON 300 Rooms 200 Employees THE WALDORF-ASTORIA 1,900 Rooms 2,100 Employees DAYTON BILTMORE 500 Rooms 320 Employees Including shares repurchased in connection with the Mayflower and Roosevelt transactions, the Corporation repurchased 37,560 shares of its common stock during the year at a cost of $594,566. As of the close of the year there were 1,620,844 shares of common stock outstanding as compared with 1,592,- 878 shares on December 31, 1951. Pursuant to the offer to Mayflower stockholders, an additional 31,729 shares were purchased within the first few weeks of 1953 at a cost of $606,023.90. The common shares on December 31, 1952, had a book value of $22.14 per share compared with a book value of $19.88 a share a year earlier. During the year, the balance of the convertible preference stock under option to the Corporation, 36,376 shares, were acquired at the option price of $40 per share. This stock will be held for future sinking fund use. The $246,654 reserved for dividends during the term of the option was added to surplus. EXPANSION ABROAD During the year our subsidiary, Hilton Hotels International, Inc., continued its foreign expansion program on financial terms similar to those originally established with the Caribe Hilton Hotel in San Juan, Puerto Rico. Under these terms, Hilton Hotels International has entered into leases or operating agreements for hotels to be financed and built by foreign interests. The obligation of the lessee is to operate the property and pay the owner a percentage of the operating profit. Our investment in those projects is ordinarily limited to providing supplies and working capital. Work was nearly completed during 1952