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Sheraton Corporation of America, 1953 Annual Report
Image 17
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Starwood Hotels & Resorts. Sheraton Corporation of America, 1953 Annual Report - Image 17. 1953. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. September 16, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1006/show/998.

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 17. 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/998

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 17, 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 16, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1006/show/998.

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 17
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_020_017.jpg
Transcript 9i] AMERICA AND SUBSIDIARIES Income Statement NET INCOME BEFORE PROFIT FROM TRANSACTIONS IN SECURITIES AND REAL ESTATE (Brought forward) Profit from Securities Transactions ..... Less — Income Taxes thereon ...... NET PROFIT FROM TRANSACTIONS IN SECURITIES Profit from Transactions in Real Estate . Less — Discounts Allowed on Dispositions of Mortgages Received on Sales of Real Estate ...... Income Taxes thereon .... Net Profit from Transactions in Real Estate . Income and Profits for the Year .... Net Income and Profits Applicable to Minority Interests Applicable to Stock Outstanding during the year . Applicable to Stock Purchased during the year Net Income and Profits for the Year Other Credits Adjustments of Prior Years' Federal Taxes TOTAL ADDITIONS TO EARNED SURPLUS FOR THE YEAR See Notes lo Financial Statements on page 19. For the Year ended April 30, 1953 April 30, 1952 $ 3,234,015 6,685 155 6,530 1,534,766 84,220 1,450,546 449,711 1,000,835 4,241,380 270,719 48,444 319,163 3,922,217 $ 3,922,217 $ 2,922,164 91,712 91,712 1,969,081 261,822 1,707,259 602,475 1,104,784 4,118,660 304,853 45,326 350,179 3,768,481 413,626 $ 4,182,107 Report of Independent Public Accountants To tike Stockholders, Sheraton Corporation of America We have examined the accompanying consolidated balance sheet of Sheraton Corporation of America as at April 30, 1953 and the related consolidated surplus and income statements for the year ended at that date. These consolidated statements have been prepared from financial statements of Sheraton Corporation .of America and Subsidiaries which have been audited by us or by other independent accountants who have submitted to us their certificates concerning the underlying statements which were examined by them. The results of the operations of the companies purchased, sold or liquidated are included in the surplus and income statements for the periods during which they were majority owned. Our examinations of the statements of Sheraton Corporation of America and of those subsidiaries which were examined by us were made in accordance with generally accepted auditing stand ards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. The bases of the book values of fixed assets and securities are stated in the Notes to Financial Statements. The unrealized net gain, representing the difference between book values and market or estimated values April 30, 1953, has not been brought into account. , On the basis of the foregoing explanations, in our opinion, the accompanying consolidated balance sheet, the related consolidated statements of surplus and income, and the explanatory notations fairly present the financial condition of Sheraton Corporation 'of America and Subsidiaries as at April 30, 1953 and the results of their transactions for the year then ended, in conformity with generally accepted principles of accounting applied on a basis consistent with that of the preceding year. Chandler H. Foster & Company Boston, Massachusetts, August 10, 1953