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Hot Shoppes, Inc., 1964 Annual Report
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Marriott Hot Shoppes. Hot Shoppes, Inc., 1964 Annual Report - Image 8. 1964. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 13, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1400/show/1391.

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.

Marriott Hot Shoppes. (1964). Hot Shoppes, Inc., 1964 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/1400/show/1391

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.

Marriott Hot Shoppes, Hot Shoppes, Inc., 1964 Annual Report - Image 8, 1964, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed November 13, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1400/show/1391.

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 Hot Shoppes, Inc., 1964 Annual Report
Creator (LCNAF)
  • Marriott Hot Shoppes
Publisher Marriott Hot Shoppes
Date 1964
Description Hot Shoppes, Inc. Annual Report for the fiscal year ending on July 26, 1964.
Subject.Topical (LCSH)
  • Hospitality industry
  • Hotel management
  • Corporation reports
Subject.Name (LCNAF)
  • Marriott Hot Shoppes
Genre (AAT)
  • annual reports
  • business records
Language English
Type (DCMI)
  • Text
  • Image
Original Item Location Marriott Hotels Collection
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_035_008.jpg
Transcript I Hot Shoppes, Inc. and Subsidiaries CONSOLIDATED FINANCIAL CONDITION July 26, 1964 and July 28, 1963 ASSETS 1964 1963 CURRENT ASSETS FIXED ASSETS, at cost (Note 1) OTHER ASSETS Cash, including savings and time deposits Marketable securities, at cost Accounts receivable Reimbursable construction costs Inventories, at lower of average cost or market Food, cigarettes, novelties, etc. Farm livestock Expense supplies Prepaid expenses Property held for sale and leaseback Total current assets Land and land improvements Buildings and improvements Furniture and equipment Automotive equipment Leasehold improvements Construction in progress Depreciation and amortization Total fixed assets Cash surrender value of life insurance ($710,000 face amount) Deferred charges, etc. Total other assets TOTAL ASSETS $ 5,297,521 $ 1,942,606 7,218,929 5,375,778 2,628,951 2,395,166 672,659 — 1,821,793 2,052,355 194,848 191,124 968,293 949,480 654,778 438,724 — 2,865,230 $19,457,772 $16,210,463 $ 3,140,237 $ 2,413,598 2,226,505 2,222,809 10,747,644 10,220,130 1,662,334 1,512,825 7,049,677 5,709,011 1,514,766 657,823 $26,341,163 $22,736,196 10,655,569 9,831,034 $15,685,594 $12,905,162 $ 262,981 $ 246,687 121,115 184,859 $ 384,096 $ 431,546 $35,527,462 $29,547,171 The accompanying notes are an integral part of this statement. NOTE 1 The companies operate properties and equipment at a substantial number of locations under renewable leases (some with repurchase options) of various terms ranging to a maximum of thirty-four years with an average of twelve years. Minimum average annual rental payments amount to approximately $4,600,000. The parent company is contingently liable in the amount of $624,000 as guarantor on a mortgage under a sale-leaseback agreement. NOTE 2 The Federal income tax returns of the companies for fiscal years 1961, 1962, and 1963 are currently being examined by the Internal Revenue Service. Based on advice from tax counsel, no substantial adjustments are anticipated which would affect adversely the company's financial position and earnings.