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Sheraton Corporation of America, 1953 Annual Report
Image 8
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Starwood Hotels & Resorts. Sheraton Corporation of America, 1953 Annual Report - Image 8. 1953. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 12, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1006/show/989.

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 8. 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/989

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 8, 1953, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed November 12, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1006/show/989.

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 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 8
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_020_008.jpg
Transcript The lobby of the Sheraton Hotel in Pittsburgh. Typical of Sheraton decor are the smart, modern lines, softly glowing lighting and the colors of wall and floor coverings, which subtly complement each other. Living room of a Luxury Suite in Boston's Sheraton Plaza. Comfortable living is the keynote here, from the restful color of the walls to soft luxury of the carpeting and beautifully textured upholstery of furnishings. A studio type guest room, complete with dining alcove, in the Sheraton Ho tel, Springfield, Massachusetts. Bright, friendly and comfortable, it invites a guest to be at home. Financial Data Cash on hand and in banks, together with Government bonds at market value, amounted on April 30th to $5,539,280. The Company's ratio of current assets to current liabilities at year end was 1.10 to 1 compared with 1.09 to 1 a year ago. Since hotels operate essentially on a cash basis and require only small inventories, a 1 to 1 ratio is considered adequate for most hotel requirements. The "working capital" consisting of the excess of current assets over current liabilities was $1,112,906 compared with $1,031,103 a year ago. The total mortgage debt of $43,167,762 is not a direct obligation of the parent Company, Sheraton Corporation of America. It is owed by the hotels which are owned by separate companies. Sheraton owns all or a majority of the shares of these companies. Other Interests Sheraton owns approximately 48% of the common stock of Thompson Industries, Inc. which is a manufacturing company and has no relation to the hotel business. Thompson has two principal divisions. The Mouldings Division with its main plant in Indianapolis and three smaller plants in the South, is primarily engaged in the manufacture of metal stampings. Principal customers include the leading automobile manufacturers. The second division turns out insulated copper wire assemblies used largely in the electronics industry. Total sales are now running at the rate of $18,000,000 per year and earnings before income and excess profits taxes are running at a rate close to $3,000,000 per year, a substantial increase over the preceding years. Sheraton REPAIRS AND MAINTENANCE MILLION DOLLARS 3 MILLION DOLLARS 2 MILLION DOLLARS MILLION '46-'47 DOLLARS