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Hilton Hotels, 1955 Annual Report
Image 12
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Hilton Hotels Corporation. Hilton Hotels, 1955 Annual Report - Image 12. 1955. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. February 20, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/886/show/869.

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 12. 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/869

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 12, 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 20, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/886/show/869.

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 12
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_008_012.jpg
Transcript Earnings Per Common Share of Stock Dollars 5.04 HILTON HOTELS CORPORATION AND SUBSIDIARIES ANALYSIS OF CONSOLIDATED LONG TERM DEBT BALANCE ADDITIONS REDUCTIONS BALANCE DECEMBER 31, DURING DURING DECEMBER 31, 1954 1955 1955 1955 FIRST MORTGAGE BONDS AND NOTES Palmer House $13,440,000.00 $ — $ 480,000.00 $12,960,000.00 The Conrad Hilton 6,100,000.00 — 300,000.00 5,800,000.00 The Jefferson 1,833,787.10 1,833,787.10 Hotel New Yorker 6,200,000.00 — 173,236.64 6,026,763.36 The Mayflower 4,975,000.00 — 100,000.00 4,875,000.00 Waldorf-Astoria Laundry 259,572.86 — 16,190.45 243,382.41 The Shamrock Hilton 12,955,000.00 — 148,000.00 12,807,000.00 DEBENTURES 5% Roosevelt Due 5/1/64 1,803,268.80 — 114,500.00 1,688,768.80 2% Hilton Due 11/1/64 1,500,000.00 — — 1,500,000.00 4% Hilton Due 7/1/77 5,000,000.00 80,000.00 4,920,000.00 4%% Hilton Due 1/1/70 — 240,200.00 240,200.00 — 4]/2% Hilton Due 1/1/70 7,978,900.00 1,163,000.00 6,815,900.00 OTHER NOTES Installment Purchase Contract 2,450,000.00 — — 2,450,000.00 Waldorf-Astoria Laundry 682,060.00 — 40,720.00 641,340.00 The Waldorf-Astoria 2,150,000.00 — 700,000.00 1,450,000.00 Hilton Hotels International 408,902.61 — 8,902.61 400,000.00 The First National Bank of Boston. . 20,000,000.00 8,000,000.00 12,000,000.00 Sundry 569,109.90 155,291.66 280,109.90 444,291.66 TOTAL $80,326,701.27 $ 8,374,391.66 $13,678,646.70 $75,022,446.23 *Not previously included in the consolidation. Modernization While the construction of new hotels proceeded in 1955, existing properties continued to be improved. Through a well thought out program of modernization and rehabilitation, each hotel bearing the Hilton name is brought up to and maintained at the standard which the name implies. It is one of your Corporation's basic aims that all of its properties shall at all times provide the finest in hotel accommodations. To help keep your Corporation in the forefront of the hotel industry, an extensive air-conditioning program got underway in 1955. It is now contemplated that almost $3,500,000 will be spent in 1956 on major air-conditioning projects at the Palmer House, the New York Statler, Detroit Statler and The Waldorf-Astoria alone. The aim of this program is the eventual complete air-conditioning of all Hilton hotels. In addition to undertaking this ambi- 10