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Sheraton Corporation of America, 1953 Annual Report
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Starwood Hotels & Resorts. Sheraton Corporation of America, 1953 Annual Report - Image 10. 1953. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. September 15, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1006/show/991.

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 10. 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/991

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 10, 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 15, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1006/show/991.

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 10
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_020_010.jpg
Transcript p Value of Assets In accordance with the practice of former years your officers have calculated the asset value of the Company's outstanding shares based on their estimate of the value in today's market of the Company's various properties, after deducting all known liabilities. The indicated asset value on April 30, 1953, was $44.36 per share as compared with $39.68 a year earlier based upon 1,580,554 shares at April 30, 1953 and 1,531,405 shares at April 30, 1952. The hook value of the shares, based not on indicated market values, but largely on the historical cost to Sheraton, was $21.61 per share compared with $20.53 on the preceding year end. Conclusion The officers of your Company are grateful for the increased recognition of the facilities offered by Sheraton Hotels as reflected by the Company's growing sales volume. The officers are especially grateful to the nearly 10,000 employees who have worked conscientiously and effectively to make the name Sheraton a symbol for efficient and progressive American business enterprise. <o\aa-*^v^[j&**-< ERNEST HENDERSON President t\ -U CELEBRITIES from all walks of life find Sheraton hospitality unequaled. Actors, authors, statesmen, nobility can be found under Sheraton roof tops at one time or another. A guest may find himself in the dining room with Joan Crawford, brush shoulders in the lobby with Jimmy Durante, or recognize at any moment a face well-known around the world. & A president-to-be visits Boston. General "Ike" receives the good wishes of the Sheraton-Plaza's Manager, Lloyd B. Carswell, at the height of last year's campaign* Comedian George Jessel and Sheraton-Biltmore Hotel General Manager William P. Gorman engage in a serious conversation about "hotel business" during Mr. Jessel's visit to the Providence hotel. Sheraton Hotel officials are welcomed to Washington by U. S. Senator from Massachusetts, Leverett Saltonstall Shown shaking hands with Senator Saltonstall is Sheraton President Ernest Henderson. The King of Comedy, Jimmy Durante, cutting up as usual. This time it's a cake being sliced at the Sheraton 15th Anniversary Party. The interested onlooker, Lloyd Carswell of Boston's Sheraton Plaza. His Majesty Nordon Sihanouk, King of Cambodia, recently visited Niagara Falls, Ontario, Canada. Gathered here at the Sheraton-Brock, left to right, I Premier Leslie Frost, His Majesty, General Manager Leonard Gorrell and Robert H. Saunders, H.E.P.C. Chairman. * 'Another cup of coffee, please,'' is what famous movie star Joan Crawford seems to be asking. And Room Service Waiter Rogelio Novarro of the Sheraton-Cadillac is happy to oblige. 0 V