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Hot Shoppes, Inc., 1964 Annual Report
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Marriott Hot Shoppes. Hot Shoppes, Inc., 1964 Annual Report - Image 9. 1964. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 20, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1400/show/1392.

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 9. 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/1392

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 9, 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 20, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1400/show/1392.

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 9
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_035_009.jpg
Transcript LIABILITIES AND STOCKHOLDERS' INVESTMENT 1964 1963 CURRENT LIABILITIES Current maturities of long-term debt Accounts payable Construction contract accruals Accrued salaries, wages and bonuses Accrued rent, utilities, insurance, taxes, etc. Provision for income taxes (Notes 2 and 3) Total current liabilities 156,113 $ 244,266 2,937,319 1,810,563 586,935 397,522 2,663,640 2,194,951 1,452,545 1,413,945 1,437,076 1,006,197 $ 9,233,628 7,067,444 LONG-TERM DEBT Mortgages, 4>/2% to 5%, maturing to 1975 Notes, 4'/2% to 4%%, maturing to 1976 Total long-term debt 553,949 428,223 982,172 590,736 530,093 $ 1,120,829 DEFERRED INCOME TAXES (related to accelerated depreciation) Total liabilities $ 3,479,221 $13,695,021 $ 2,616,436 $10,804,709 STOCKHOLDERS' INVESTMENT Capital stock-$l par value Common—3,000,000 shares authorized; issued Class B common— 750,000 shares authorized; outstanding Capital surplus (Note 4) Earned surplus Treasury stock (895 shares, at cost) Total stockholders' investment TOTAL LIABILITIES AND STOCKHOLDERS' INVESTMENT $ 2,100,815 $ 2,018,014 — 2,000 11,075,029 9,135,805 8,677,425 7,586,643 $21,853,269 $18,742,462 20,828 — $21,832,441 $18,742,462 $35,527,462 $29,547,171 NOTE 3 Under the Revenue Act of 1962 the companies receive investment credits against their income tax liabilities, with certain limitations, based on their annual investment in qualified property. These credits have been reflected as a reduction of Federal income taxes and result in an increase of $155,300 and $66,500 in net income for 1964 and 1963, respectively. NOTE 4 The increase of $1,939,224 in Capital Surplus represents the excess of fair market value over the par value of 80,801 shares of capital stock issued as a 4% stock dividend. NOTE 5 Construction of our new Atlanta Motor Hotel is proceeding on schedule although we are involved in a suit by a major stockholder of a local motel to set aside our purchase of the ground from the Atlanta Housing Authority. The plaintiff's request for an injunction against our construction has been denied and our attorneys advise that in their opinion we will prevail in the suit.