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Sheraton Corporation of America, 1963 Annual Report
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Starwood Hotels & Resorts. Sheraton Corporation of America, 1963 Annual Report - Image 3. 1963. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 17, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/390/show/372.

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. (1963). Sheraton Corporation of America, 1963 Annual Report - Image 3. 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/390/show/372

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, 1963 Annual Report - Image 3, 1963, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed November 17, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/390/show/372.

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, 1963 Annual Report
Creator (LCNAF)
  • Starwood Hotels & Resorts
Publisher Starwood Hotels & Resorts
Date 1963
Description Sheraton Corporation of America Annual Report for the year ending on April 30, 1963.
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 3
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_024_003.jpg
Transcript Financial Highlights 1963 Years ended April 30 1962 TOTALS 1963 1962 PER COMMON SHARE VOLUME OF BUSINESS Gross Income $227,885,260 $215,199,350 $42.21 $39.79 EARNINGS Net Operating Income (Loss) Net Profit on Capital Transactions Total Net Income (Loss) and Profits ($ 1,083,751) $ 1,294,520 $ 210,769 $ 630,100 $ 316,898 $ 946,998 (S .21) $ .24 $ .03 $ .10 $ .06 $ .16 DEPRECIATION & CASH FLOW Depreciation Cash Flow (1) $ 18,410,851 $ 17,327,100 $ 19,276,038 $ 19,906,138 $ 3.41 $ 3.20 $ 3.57 $ 3.67 DIVIDENDS Cash Dividends Preferred Common Stock Dividends Common 60,480 2,955,827 2% $ 60,480 $ 3,195,117 2% $ .55 $ .59 OTHER FINANCIAL INFORMATION Total Assets at Estimated Value (2) Estimated Net Asset Value (3) Net Worth Profit (Loss) (4) Adjusted Earnings (5) $346,554,000 $393,984,000 $64.19 $21.15 ($ 7.90) $ .86 $72.85 $29.60 ($ 1.24) $ 1.45 Shares Outstanding at Year Ends Preferred 15,120 15,120 Common 5,398,524 5,301,892 OTHER STATISTICS Number of Hotels 84* 68 Number of Rentable Guest Rooms 29,435 29,762 Percentage of Room Occupancy (Non-Resort Hotels) 71.6% 70.1% Number of Employees 22,000 22,500 Number of Stockholders Preferred 12 12 Common 19,600 18,700 Footnotes (Glossary): (l)Cash How: Represents reported earnings from operations to which depreciation reserves have been added back. (2) Total Assets at Estimated Value: Represents the indicated market value of all the Company's assets. The real estate values have been estimated by Company officers by capitalizing earnings using the yardsticks generally recognized by real estate investors. (Note: no liabilities have been deducted In arriving at this amount.) Although estimated asset values represent the best judgment oj the Officers, these values nonetheless are only theoretical. The estimated asset values should not be given undue weight since their determination cannot be an exact science and may be subject to wide fluctuations due to various market conditions and other factors. (3) Estimated Net Asset Value: Represents the common stock value based upon the above estimated total assets, after deducting all known liabilities, minority interests, and preferred stock interests. (4) Net Worth Profit: Represents total net income and profits including changes in estimated net asset values and differences arising from sales and purchases of common stock at more or less than net asset value. (5) Adjusted Earnings: Represents net operating income adjusted by adding back the excess of depreciation deductions over the estimated average for the hotel industry. For information regarding Adjusted Earnings see Chairman of the Board's Report. Per share figures (1962 adjusted for 2% stock dividend) are based on common shares outstanding at the year ends. Adjustment for preferred dividends was made in computing net operating income per share. Adjustments have also been made for exercise of Warrants and conversion of 4%% Debentures in computing the per share amounts for estimated net asset values and net worth profit. ♦Includes twenty hotel properties affiliated with Sheraton, under Sheraton franchise or operated under management agreements. Excludes Sheraton*Rltz Hotel, Minneapolis, Minnesota and Puerto Rico-Sheraton Hotel, San Juan, Puerto Rico, both of which open subsequent to April 1963.