CNH ' Inn Keeper To The World' July 19, 1963 . . .
CNH 'Inn Keeper To The World' July 19, 1963 |
The hotel did such brisk business that rooms changed hands as much as three times a day, and the dining room was converted into additional rooms to meet the demand. He went on to buy and build hotels throughout Texas, including the high rise Dallas Hilton (Hotel Indigo), opened in 1925; the Abilene Hilton in 1927; Waco Hilton in 1928; and El Paso Hilton in 1930. He built his first hotel outside of Texas in 1939 in Albuquerque, New Mexico, today known as the Hotel Andaluz. During the Great Depression Hilton was nearly forced into bankruptcy and lost several of his hotels. Nonetheless he was retained as manager of a combined chain, and eventually regained control of his remaining eight hotels.
Over the next decade he expanded west to California and east to Chicago and New York, crowning his expansions with such acquisitions as the Stevens Hotel in Chicago (then the world's largest hotel), and the fabled Waldorf-Astoria in New York. He formed the Hilton Hotels Corporation (Hilton Worldwide) in 1946, and Hilton International Company in 1948. During the 1950s and 1960s, Hilton Hotels' worldwide expansion facilitated both American tourism and overseas business by American corporations. It was the world's first international hotel chain, at the same time promulgating a certain worldwide standard for hotel accommodations.
Basic Principal of Business: "The buyer should get a bargain. The seller; a profit." Some where in between was the fair price . . . Clean Room and a Hot Meal for a Dollar a Night!
Conrad Hilton: The world of "politics was too slow and frustrating". Hilton begins his journey from MiniMax's ~ "Minimum Price for Maximum Service", as he builds an International business empire, one due source to the strength of America's economy.
In all, Hilton eventually owned 188 hotels in thirty-eight cities in the U.S., including the Mayflower Hotel in Washington, D. C., the Palmer House in Chicago, and the Plaza Hotel and Waldorf-Astoria in New York City, along with fifty-four hotels abroad. He later purchased the Carte Blanche (DCI) Credit Company and an interest in the American Crystal Sugar Company, as well as other enterprises. Hilton received honorary degrees from the University of Detroit (1953), DePaul University (1954), Barat College (Foundation) (1955), Adelphi College (1957), Sophia University, Tokyo (1963), and the University of Albuquerque (UNM) (1975). Hilton's autobiography, Be My Guest was published in 1957 by Prentice Hall.
In 1966, Hilton was succeeded as president by his son Barron and was elected chairman of the board. ~ Full Video Episode BIO of Conrad Hilton.
During the course of over 60 years, Conrad Hilton had built an International Hotel Empire. On his deathbed in 1979, Hilton was asked if he had any last words of wisdom.
He did; "Leave the shower curtain on the inside of the tub."
That's The Luxury Of Being YourSelf !
The journey of Hilton's was a visionary and daring risk taker who knew how to turn hotels into cash generating assets.
Conrad N. Hilton in Titans of Fortune:Reveled in Hotel Deals
[NOOK Book]
“Success ... seems to be connected with action. Successful men keep moving. They make mistakes, but they don't quit."-- Conrad Hilton's Hotels & Resorts!
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