Keyword
in
Collection
Date
to
Hot Shoppes, Inc., 1963 Annual Report
Image 7
Citation
MLA
APA
Chicago/Turabian
Marriott Hot Shoppes. Hot Shoppes, Inc., 1963 Annual Report - Image 7. 1963. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. February 17, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/221/show/214.

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. (1963). Hot Shoppes, Inc., 1963 Annual Report - Image 7. 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/221/show/214

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., 1963 Annual Report - Image 7, 1963, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed February 17, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/221/show/214.

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.

URL
Embed Image
Compound Item Description
Title Hot Shoppes, Inc., 1963 Annual Report
Creator (LCNAF)
  • Marriott Hot Shoppes
Publisher Marriott Hot Shoppes
Date 1963
Description Hot Shoppes, Inc. Annual Report for the fiscal year ending on July 28, 1963.
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 7
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_034_007.jpg
Transcript Hot Shoppes, Inc. and Subsidiaries CONSOLIDATED FINANCIAL CONDITION July 28,1963 — July 29,1962 ASSETS 1963 CURRENT ASSETS Cash and Marketable Securities $ 7,318,384 Accounts Receivable 2,395,166 Inventories, at lower of average cost or market Food, Cigarettes, Novelties, etc I 2,052,355 Farm Livestock 191,124 Expense Supplies 949,480 Prepaid Expenses 438,724 Property Held for Sale and Leaseback 2,865,230 Total Current Assets $16,210,463 1962 $ 7,879,589 2,241,274 1,622,558 181,770 769,210 338,263 526,000 $13,558,664 FIXED ASSETS, At Cost (Note 1) Land and Land Improvements | $ 2,413,598 $ 936,894 Buildings and Improvements 2,222,809 2,693,593 Leasehold Improvements 5,709,011 3,842,858 Furniture and Equipment 10,220,130 11,217,606 Automotive Equipment 1,512,825 1,409,683 Construction in Progress 657,823 244,295 $22,736,196 $20,344,929 Depreciation and Amortization 9,831,034 8,874,617 Total Fixed Assets $12,905,162 $11,470,312 OTHER ASSETS Cash Surrender Value of Life Insurance ($710,000 Face Amount) Deferred Charges, etc Total Other Assets ... TOTAL ASSETS The accompanying notes are an integral part of this statement. NOTES TO FINANCIAL STATEMENTS NOTE1 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-five years with an average of thirteen years. Minimum average annual rental payments amount to approximately $4,200,000. 246,687 184,859 $ 431,546 $29,547,171 292,000 406,109 $ 698,109 $25,727,085 NOTE 2 Long-Term Debt consists of mortgages ($590,736) and notes ($530,093) due on various dates to 1976. Interest rates vary from 4%% to 5% (one minor mortgage is non-interest bearing). The parent company also is contingently liable in the amount of $684,000 as guarantor on a mortgage under a sale-leaseback agreement.