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Hilton Hotels, 1955 Annual Report
Image 7
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Hilton Hotels Corporation. Hilton Hotels, 1955 Annual Report - Image 7. 1955. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 26, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/886/show/864.

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. (1955). Hilton Hotels, 1955 Annual Report - Image 7. 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/886/show/864

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, 1955 Annual Report - Image 7, 1955, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed November 26, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/886/show/864.

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, 1955 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1955
Description Hilton Hotels Annual Report for calendar year 1955.
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 7
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_008_007.jpg
Transcript and beverages $84,832,829 against $55,- 754,805 the year before. Other operating departments contributed $15,059,221 to1 revenues, compared with $10,623,234 in 1954. Store rentals accounted for $2,460,510 of total revenues, compared with $1,797,463 a year earlier. Other income in 1955 amounted to $4,362,857 against $2,373,050 in 1954. Earnings After all charges and taxes, consolidated net profit of Hilton Hotels Corporation in 1955 totaled $9,104,760. This is a gain of 59% over the $5,738,073 consolidated net profit of 1954. After preferred dividend requirements, the 1955 net profit was equal to $5.04 per share on the 1,720,239 shares of common stock outstanding at the year end. Net profit after preferred dividends in 1954 was equal to $3.26 per common share on the 1,648,760 shares outstanding a year earlier. Of your Corporation's consolidated net profit, $8,002,259, or $4.40 per common share after preferred dividend requirements, was derived from operations. This compares with $4,822,070, or $2.71 per common share derived from operations in 1954. Profits from the sale of properties accounted for $1,102,501 of consolidated net profits in 1955. Amounting to 64 cents per common share, this profit compares with $916,003, or 55 cents per common share, realized from the sale of properties in 1954. On December 29, 1955, your Corporation sold The Jefferson Hotel in St. Louis, Missouri, for $7,500,000. Your Corporation realized a profit on this sale, after taxes at the capital gains rate, of ' $2,619,294. Of this amount, $457,037 has been included in 1955 net profit and the balance will be applied to the income account of future years. After the close of the year your Corporation entered into a contract for the sale of all the capital stock of Hotel Roosevelt Corporation to Hotel Corporation of America for the sum of $2,130,000, of which $750,000 was paid in cash at the closing on March 1, 1956, and the balance is represented by a note guaranteed by Hotel Corporation of America, payable in seven semi-annual installments of 75,000 each, with a final payment of 55,000 in 1960. Dividends received prior to closing and other adjustments of current assets will produce an additional $650,000. The profit on this sale after taxes is estimated at $1,850,000. At the same time a contract was entered into between your Corporation and Hotel Corporation of America for the Income profits and dividends ///ions of Dollars 190 180 170 160