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Hilton Hotels, 1947 Annual Report
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Hilton Hotels Corporation. Hilton Hotels, 1947 Annual Report - Image 26. 1947. 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/857/show/854.

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 26. 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/854

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 26, 1947, 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/857/show/854.

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 26
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_018_026.jpg
Transcript Hilton Hotels Corporation - Consolidating Companies and Their Predecessors SUMMARY OF COMBINED EARNINGS For the Five Years Ended December 31,1947 1943 1944* 1945* 1946f INCOME Gross Revenue Operated Departments $18,927,862 $29,772,052 $31,600,439 $37,671,250 Other Income 349,506 777,443 630,303 710,171 Store Rentals 788,033 1,080,037 1,028,304 1,087,128 Dividends and Interest on Securities 14,717 1947 $40,531,203 821,079 1,045,423 136,533 TOTAL $20,065,401 $31,629,532 $33,259,046 $39,483,266 $42,534,238 EXPENSES Operated Departments General and Administrative. Advertising and Promotion. Heat, Light, and Power.... Repairs and Maintenance... Depreciation and Amortization 1,326,862 Interest Lease Rental Real Estate and Personal Property Taxes Provision for Federal Taxes on Income Other Capital Expenses $10,847,183 $17,047,257 $18,385,427 $22,119,269 $23,210,409 1,542,097 2,592,245 2,709,828 2,897,862 3,194,083 314,633 484,422 540,451 574,838 667,799 793,949 1,074,106 1,071,303 1,223,091 1,340,804 989,684 1,575,069 2,017,181 2,354,400 2,081,633 1,326,862 1,645,081 1,744,597 1,779,411 1,974,050 795,286 1,003,909 1,211,720 989,906 812,971 123,956 301,771 234,474 179,866 179,866 968,142 1,221,850 1,272,286 1,314,440 1,406,141 1,248,037 1,601,868 722,317 2,234,090 2,820,366 107,500 156,363 124,908 276,171 286,584 TOTAL $19,057,329 $28,703,941 $30,034,492 $35,943,344 $37,974,706 NET PROFIT—Before Non-recurring Items $ 1,008,072 $ 2,925,591 $ 3,224,554 $ 3,539,922 $ 4,559,532 NON-RECURRING INCOME AND EXPENSE Profit from Sale of Capital Assets Refinancing Expenses and Note Discount Miscellaneous and Sale of Securities Less Provision for Applicable Taxes 19,022 $ 1,294,999 263.729J 3,879{ 197,872 4,518J 279,634$ TOTAL. 10,625 $ 949,508 NET PROFIT FOR THE PERIOD $ 1,008,072 $ 2,925,591 $ 3,224,554 $ 3,550,547 $ 5,509,040 Note Note Hilton Hotels Corporation was created by consolidation May 31,1946. Operations for the year 1946 include seven months operation by the corporation and five months operation by the consolidating companies and their predecessors. The combined results shown above for the years 1944 and 1945 reflect (1) profits from the operation of the Roslyn Hotel for those two years, and the U. S. Grant Hotel in San Diego, California, for the period September 1, 1944, to January 1, 1945, both of which have since been disposed of; and (2) the application of a loss carry-over credit from the sale of the Stevens Hotel to the United States government in 1943, whereby the Stevens Hotel Corporation made no provision for federal income taxes or excess profits taxes on income earned by it from the properties it operated for the years 1944 and 1945. NoteJ Denotes Red Figure The sole purpose of this report is to give stockholders information about tht corporation. This report is not a representation, prospectus or circular in respe< to any stock of this corporation and is not transmitted in connection with any sale or offer to sell or to buy any stock or security to be issued now or hereafter, nor in connection with any preliminary negotiation for such sale. The historic Plaza Hotel Is a New York landmark familiar to travelers from all over the world.