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Hilton Hotels, 1955 Annual Report
Image 9
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Hilton Hotels Corporation. Hilton Hotels, 1955 Annual Report - Image 9. 1955. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. February 22, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/886/show/866.

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 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/886/show/866

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 9, 1955, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed February 22, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/886/show/866.

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 9
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_008_009.jpg
Transcript Waldorf-Astoria loan, reducing it to ,450,000 at the year-end. Capital Changes During 1955, your Corporation's outstanding common stock increased by 31,649 shares through the conversion of 12,660 shares of first preferred stock 4/4% Series B (convertible). In addition, 27,348 shares of common were issued upon the conversion of $1,163,000 principal amount of 4^% fifteen year convertible debentures. Also, 12,621 shares of Hilton Hotels Corporation common stock were issued in settlement of the claims of certain stockholders of Hotel Waldorf-Astoria Corporation who had requested appraisal of their stock in lieu of accepting the terms of the merger. The settlement was on the basis of % of a share of Hilton for each share of Waldorf, instead of 1}4= shares of Hilton for each share of Waldorf as provided in the agreement of merger. In accordance with the sinking fund provisions, 1,240 shares of first preferred 5% Series A stock were retired out of 9,060 shares purchased in 1954 and held in the treasury for that purpose. Common stock issued and outstanding on December 31, 1955, amounted to 1,720,239 shares, exclusive of treasury stock, compared with 1,648,760 shares the year before. The Corporation's common stock had a book value at the 1955 year-end of $30.50 per share, against $27.00 per share twelve months earlier. Total assets on December 31, 1955 were $169,909,419 compared with $150,405,- 624 the year before. Hilton Hotels International Operating in the foreign field, your Corporation's wholly owned subsidiary, Hilton Hotels International, made further progress in 1955. An outstanding achievement was the opening in June of the Istanbul Hilton in Istanbul, Turkey. This 277-room hotel, which filled a pressing need for such facilities in Turkey, served 16,343 guests in its first seven months of operation. Turkish officials have expressed great satisfaction at the number of visitors the hotel has attracted to their country. Following the pattern developed for the operation of other Hilton hotels abroad, the Istanbul Hilton was built and is owned by local interests, in this case, the Turkish Government Pension Fund. Hilton Hotels International supplies the working capital and management in return for a share of the operating profits. The Istanbul Hilton joined the Caribe Hilton and Castellana HiLton already being operated by your Corpora- Net profits and taxes Millions of Dollars