Keyword
in
Collection
Date
to
Sheraton Corporation of America, 1953 Annual Report
Image 5
Citation
MLA
APA
Chicago/Turabian
Starwood Hotels & Resorts. Sheraton Corporation of America, 1953 Annual Report - Image 5. 1953. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. September 20, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1006/show/986.

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.

Starwood Hotels & Resorts. (1953). Sheraton Corporation of America, 1953 Annual Report - Image 5. 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/1006/show/986

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.

Starwood Hotels & Resorts, Sheraton Corporation of America, 1953 Annual Report - Image 5, 1953, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed September 20, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1006/show/986.

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.

URL
Embed Image
Compound Item Description
Title Sheraton Corporation of America, 1953 Annual Report
Creator (LCNAF)
  • Starwood Hotels & Resorts
Publisher Starwood Hotels & Resorts
Date 1953
Description Sheraton Corporation of America Annual Report for the year ending on April 30, 1953.
Subject.Topical (LCSH)
  • Hospitality industry
  • Hotel management
  • Corporation reports
Subject.Name (LCNAF)
  • Starwood Hotels & Resorts
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 5
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_020_005.jpg
Transcript To the Stockholders HER CORPORATION OF AMERICA 19 5 3 Company Earnings SHERATON Corporation of America completed on April 30th another successful year. Total earnings before income taxes were $8,128,179 compared with $7,338,238 the preceding year, an increase of $789,941. Net earnings after Federal income taxes in the current year were $3,922,217 as compared with $4,182,107 the preceding year. The decrease in net earnings is accounted for by higher provision for income taxes. On a per share basis the earnings this year were $2.48 on 1,580,554 shares outstanding, as against $2.71 in the preceding year on 1,531,405 shares outstanding. 1953 1952 Net Operating Earnings. $1.84 $1.66 Net Profits from Sale of Properties and Securities .64 .78 Other Non-Recurring Items.. — .27 $2.48 $2.71 Number of Common Shares Outstanding 1,580,554 1,531,405 Sales Volume Total sales reached a new peak. Gross operating and other income (excluding profits from sales of properties and securities) of your company amounted to $68,141,908 compared to $62,772,723 a year ago. A further expansion of sales volume is anticipated as a result of the acquisition of additional properties subsequent to the close of the Company's fiscal year, notably in Washington, D.C. Noteworthy Events Principal accomplishments of the fiscal year include the further transformation of the Park Sheraton from a hotel largely residential in character into one of New York's leading transient hotels. Many of the suites have been converted into modern air-conditioned "Rooms of Tomorrow" for transient occupancy. A number of the rooms are believed to be unsurpassed in New York City. All of the rooms and suites of this 1600-room hotel are equipped with large screen RCA television sets available to guests without extra charge. Because of the popularity of the large screen television sets installed in the Park Sheraton Hotel, an