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Sheraton Corporation of America, 1961 Annual Report
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Starwood Hotels & Resorts. Sheraton Corporation of America, 1961 Annual Report - Image 3. 1961. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. May 25, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1325/show/1299.

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. (1961). Sheraton Corporation of America, 1961 Annual Report - Image 3. 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/1325/show/1299

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, 1961 Annual Report - Image 3, 1961, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed May 25, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1325/show/1299.

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, 1961 Annual Report
Creator (LCNAF)
  • Starwood Hotels & Resorts
Publisher Starwood Hotels & Resorts
Date 1961
Description Sheraton Corporation of America Annual Report for the year ending on April 30, 1961.
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 3
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_023_003.jpg
Transcript Financial Highlights VOLUME OF BUSINESS Gross Income EARNINGS Net Operating Income Net Profit on Capital Transactions Total Net Income and Profits DEPRECIATION & CASH FLOW Depreciation Cash Flow (1) Years ended April 30 1961 TOTALS $203,700,953 $ 2,068,008 $ 1,166,142 $ 3,234,150 $ 18,181,468 $ 20,249,476 DIVIDENDS Cash Dividends Preferred Common Stock Dividends Common OTHER FINANCIAL INFORMATION Total Assets at Estimated Value (2) Estimated Net Asset Value (3) Net Worth Profit(4) Shares Outstanding at Year Ends Preferred Common OTHER STATISTICS Number of Hotels Number of Rentable Guest Rooms Percentage of Room Occupancy (Non-Resort Hotels) Number of Employees Number of Stockholders Preferred Common $ 30,240 * 3,129,041 2% $400,445,000 $181,754,000 $ 8,469,000 15,120 5,262,595 59* 27,939 71.6% 21,900 12 18,000 $204,882,030 $ 2,823,128 $ 270,253 $ 3,093,381 $ 16,833,225 $ 19,656,353 $ 2,957,576 2% $390,620,000 $174,151,000 $ 18,854,000 5,075,279 1961 I960 PER COMMON SHARE $39.09 $ .39 $ .22 $ .61 $ 3.45 $ 3.84 .60 $76.09 $32.70 $ 1.60 54 26,175 71.4% 21,500 17,900 $39.58 .55 .05 .60 $ 3.25 $ 3.80 $ .59 $75.46 $31.70 $ 3.44 Footnotes (Glossary): (1) Cash Flow: Represents, reported earnings from operations to which depreciation reserves have been added back. (2) Total Assets at Estimated Value: Represents the total fair market value of all the Company's assets. The real estate values have been estimated by Company officers by capitalizing earnings using the yardsticks generally recognized by real estate investors. (Note: no liabilities have been deducted in arriving at this amount.) (3) Estimated Nat Asset Value: Represents the common stock value based upon the above estimated total assets, after deducting all known liabilities, minority Interests, and preferred stock interests. (4) Net Worth Profit: Represents total net income and profits including changes in estimated net asset values and differences arising from sales and purchases of common stock at more or less than net asset value. For information regarding Net Worth Accounting see page 16. Per share figures (1960 adjusted for 2% stock dividend) are based on common shares outstanding at the year ends. Adjustment for preferred dividends was made in computing net operating income per share. Adjustments have also been made for exercise of Warrants and conversion of 4%% Debentures in computing the per share amounts for estimated net asset values and net worth profit. •Excludes Sheraton-Oklahoma Hotel, Oklahoma City, Oklahoma, leased in May 1961.