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Hilton Hotels, 1947 Annual Report
Image 25
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Hilton Hotels Corporation. Hilton Hotels, 1947 Annual Report - Image 25. 1947. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 19, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/857/show/853.

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. (1947). Hilton Hotels, 1947 Annual Report - Image 25. 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/857/show/853

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, 1947 Annual Report - Image 25, 1947, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed November 19, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/857/show/853.

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, 1947 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1947
Description Hilton Hotels Annual Report for calendar year 1947.
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 25
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_018_025.jpg
Transcript AUDITORS' CERTIFICATE BB To the Board of Directors of HILTON HOTELS CORPORATION, Chicago, Illinois Gentlemen: Chicago, Illinois February 19, 1948 We have examined the consolidated balance sheet of Hilton Hotels Corporation as of December 31,1947 and its wholly owned subsidiary, State-Monroe Equipment Corporation, and the consolidated statements of Income and Profit and Loss and Surplus for the year ended December 31, 1947, have reviewed the system of internal control and the accounting procedures of the corporation and, without making a detailed audit of the transactions, have examined or tested accounting records of the corporation and other supporting evidence, by methods and to the extent we deemed appropriate. Our examination was made in accordance with generally accepted auditing standards applicable in the circumstances and it included all procedures which we considered necessary. Examination of the accounts of three of the operating units, Palmer House of Chicago (and the wholly owned related subsidiary, State-Monroe Equipment Corporation) and Town House of Los Angeles, were made and separately certified to by Messrs. Horwath & Horwath, and, the Dayton Biltmore Hotel, by Messrs. Wall, Cassel and Groneweg. The accounts of Palm Beach Biltmore Company in which Hilton Hotels Corporation acquired 50% of the outstanding shares of both common and preferred as of June 1, 1946, Mayflower Hote Corporation in which Hilton Hotels Corporation has acquired 68.75% of the outstanding shares of common stock as of December 31, 1947 and, Neil House Company in which Hilton Hotels Corporation acquired 50% of the outstanding shares of common stock as of December 23, 1946, have not been consolidated herein. The proportion of undistributed profits or losses applicable to the corporation's holding in these companies from date of acquisition to December 31, 1947 amounted to a net profit of $182,012.03 representing the increase in the corporation's equity in these companies since acquisition to December 31, 1947. The accounts of Palm Beach Biltmore Company, Mayflower Hotel Corporation, and Neil House Company were examined and separately certified to by us. In our opinion, based upon our examination and upon the opinions expressed in the reports of the independent public accountants pertaining to the operating units and companies which were examined by them, the accompanying consolidated balance sheet and related consolidated statements of income and surplus, together with the notes pertaining thereto, present fairly the position of Hilton Hotels Corporation and its wholly owned subsidiary, State-Monroe Equipment Corporation as of December 31, 1947 and the results of operations for the year ended December 31, 1947, in conformity with generally accepted accounting principles. HARRIS, KERR, FORSTER & COMPANY 25