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Sheraton Corporation of America, 1957 Annual Report
Image 13
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Starwood Hotels & Resorts. Sheraton Corporation of America, 1957 Annual Report - Image 13. 1957. 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/1659/show/1643.

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. (1957). Sheraton Corporation of America, 1957 Annual Report - Image 13. 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/1659/show/1643

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, 1957 Annual Report - Image 13, 1957, 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/1659/show/1643.

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, 1957 Annual Report
Creator (LCNAF)
  • Starwood Hotels & Resorts
Publisher Starwood Hotels & Resorts
Date 1957
Description Sheraton Corporation of America Annual Report for the year ending on April 30, 1957.
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 13
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_021_013.jpg
Transcript a recent Fortune Magazine survey tabulating the 500 largest U. S. industrial corporations, only 126 have total assets in excess of those of Sheraton taken at book value, and only 99 if Sheraton's estimated unrealized gains are included. THOMPSON INDUSTRIES, INC. Sheraton's ownership in the capital stock of its major subsidiary outside the hotel field, known as Thompson Industries, Inc., was increased during the fiscal year from 58% to 70%. This company operates a number of plants in Indiana, Michigan, Georgia and Florida. They aire principally engaged in the production of stampings for the major automobile manufacturers and welding guns used in their body building plants. Net earnings of Thompson Industries, Inc. for the year amounted to $1,149,245 compared with $871,667 for the preceding year. Because of Sheraton's large interest in this company, a copy of its annual report is being mailed to shareholders. UNITED STATES — CANADIAN INTEREST Because of the substantial Canadian interest in the ownership of Sheraton securities, and because of the extensive operations of the Company within Canada, the directors have authorized the regular display of Canadian flags beside the Stars and Stripes on all Sheraton's American hotels. Grande marche at San Francisco's Sheraton-Palace, as shown on the back cover. Chef Heyraud and maiire d*hotel Dino (right) present a pressed duck to a party in the hotel's Garden Court. Reprinted by special permission of THE SATURDAY EVENING POST, copyright 1955 by the Curtis Publishing Company. a rainy day", funds for expansion and dividends to the shareholders have to come out of the remaining 9%. Sheraton sincerely hopes that its 19,000 employees as well as its 15,000 security holders whose investment in the Company have made its operations possible, will recognize the contribution each group has made to Sheraton's participation in our American system of people's capitalism. We sincerely hope that all Sheraton security holders will lend their fullest support both to the promoting of wider acceptance of Sheraton securities by American and Canadian investors, and to the ever wider patronage of Sheraton Hotels by the travelling public. With continued support from its shareholders and employees, the Company can look forward with confidence to another year of progress. CONCLUSION The shareholders to whom this president's letter is addressed should bear in mind that much of the credit for the progress of the Company is due to the loyalty, interest, and efforts of the 19,000 men and women who constitute the Sheraton company. It is therefore proper that, after providing for purchases of supplies, payment of taxes, and other necessary overhead other than compensation, 91 percent of the Company's remaining operating revenue goes to employees as salaries, wages and other direct benefits. Reserves "for "T^UA-JS^a*--' Ernest Henderson President 11