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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 20. 1961. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. July 19, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1325/show/1316.

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 20. 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/1316

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 20, 1961, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed July 19, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1325/show/1316.

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 20
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_023_020.jpg
Transcript 18 COMPARATIVE CONSOLIDATED BALANCE SHEET Sheraton Corporation of Assets April 30,1961 April 30, 1960 CURRENT ASSETS Cash Demand Deposits * 14,690,933 Restricted Deposits 345,045 On Hand 1,561,147 16,597,125 Securities — Marketable — at Cost U. S. Treasury Bonds 328,275 Other 64,645 (Market Values $377,874 and $392,645) 392,920 Accounts and Notes Receivable 17,026,292 Less: Estimated Uncollectible Accounts and Notes 606,522 16,419,770 Accrued Interest Receivable .; ;U 54,245 Mortgages Receivable — Payments Due Within One Year (below).. 744,277 Inventories — at Cost 5,837,055 Prepaid Expenses 2,643,814 Total Current Assets 42,689,206 INVESTMENTS — AT COST(Notes 1 and 2) Securities — Other Than Marketable 3,973,409 (Officers' Estimated Values $3,919,299 and $3,920,327) Securities of Subsidiaries — Not Consolidated 619,906 (Estimated Values $738,000 and $673,500) Mortgages Receivable 7,261,666 (Officers' Estimated Values $8,899,767 and $10,105,124) Less: Mortgage Payments Due Within One Year (above) ( 744,277) Total Investments 11,110,704 PROPERTY, PLANT AND EQUIPMENT (Notes 1 and 3) Land and Leaseholds 50,954,545 Buildings and Improvements „ 181,919,270 Leasehold Improvements ..;....,.....,....JH......... 5,456,237 Furniture and Equipment! 78,742,413 317,072,465 Less: Depreciation to Date 99,701,085 Total Property, Plant and Equipment 217,371,380 (Officers' Estimated Values $340,500,000 and $331,500,000) OTHER ASSETS Options and Deposits on Contracts 5,000 Notes and Contracts Receivable — Due After One Year 304,989 Unamortized Debt Discount and Expense (Note 10) 2,944,835 Security and Other Deposits 763,836 Life Insurance — Cash Surrender Value ..- 276,921 Other (Note 1) 1,274,437 Total Other Assets 5,570,018 TOTAL ASSETS See Notes to Consolidated Financial Statements. $276,741,308 11,806,792 334,543 1,504,228 •13,645,563 355,207 67,113 422,320 16,793,257 520,766 16,272,491 56,197 618,556 6,764,884 2,392,960 40,172,971 4,073,409 315,500 7,709,266 618,556) 11,479,619 55,595,472 170,048,095 4,285,087 70,659,552 300,588,206 84,552,912 216,035,294 5,000 174,152 3,030,085 665,932 261,128 1,576,806 5,713,103 $273,400,987