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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-
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