Keyword
in
Collection
Date
to
Sheraton Corporation of America, 1963 Annual Report
Image 8
Citation
MLA
APA
Chicago/Turabian
Starwood Hotels & Resorts. Sheraton Corporation of America, 1963 Annual Report - Image 8. 1963. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 11, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/390/show/377.

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 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/390/show/377

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 8, 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 11, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/390/show/377.

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 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 8
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_024_008.jpg
Transcript f 6 Ratio of long term debt to total assets at estimated value less current liabilities In thousands of dollars April 30 Total Assets At Estimated Value (a) Less Current Liabilities Net Long Term Debt Including Income Debentures Ratio — Including income Debentures Ratio — Excluding Income Debentures (b) 1963 $346,554 $43,247 $303,307 $182,618 60.3% 45.9% 1962 393,984 40,825 353,159 180,941 51.2 38.7 1961 400,445 35,565 364,880 178,830 49.0 38.9 1960 390,620 36,853 353,767 176,321 49.8 39.2 1959 346,910 28,641 318,269 159,615 50.2 40.7 1958 304,007 24,345 279,662 137,410 49.1 45.8 1957 304,645 26,028 278,617 140,524 50.4 47.3 1956 243,697 20,865 222,832 99,584 44.7 43.9 1955 193,033 16,746 176,287 68,267 38.7 38.7 1954 132,520 12,199 120,321 36,394 30.3 30.3 1953 129,475 10,899 118,576 43,085 36.3 36.3 1952 113,524 11,375 102,149 35,266 34.5 34.5 1951 101,861 9,260 92,601 32,483 35.1 35.1 1950 87,874 12,396 75,478 30,171 40.0 40.0 1949 60,279 6,803 53,476 22,776 42.6 42.6 1948 55,710 7,760 47,950 20,202 42.1 42.1 1947 49,860 5,767 44,093 18,426 41.8 41.8 (a) Estimated by Company Officers. Although estimated asset values represent the best judgment of the Officers, these values nonetheless are only theoretical. The estimated asset values should not I 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. (b) Ratios In this column are determined on long term debt excluding 6 Vz% Income Debentures and 7Vi% Capital Income Debentures. tention that the Sheraton-Ritz may someday be considered one of the great hotels of the world, may be realized. The Minneapolis hotel will undoubtedly encounter some initial losses often associated with newly opened hotels. Heavy initial write-offs, employee training, and advance publicity, are usually costly. Although the new Puerto Rico- Sheraton is scheduled for opening in October, it will be operated on a management basis according to which Sheraton's participation in anticipated profits will require only a nominal investment with limited liability unless the operations fall far short of expectations. During the past year, the Macuto- Sheraton on the Caribbean shore near Caracas was completed under Sheraton's guidance by a subsidiary of the Venezuelan government. This hotel, one of the costliest and most beautiful in the world, is now in operation. Recently it was the scene of a distinguished international bankers' convention. Sheraton hopes that by attracting tourists from all over the world this new hotel, in a setting of unsurpassed scenic splendor, will serve to advance inter- American relations. As an example of Sheraton's desire to contribute to the economies of countries where it operates, 24 members of the Action Committee for International Development (i.e. young American corporation presidents) were present by invitation at the opening of the Macuto- Sheraton. As a result, there are already underway eight new joint American-Venezuelan business ventures. The new Otani-Sheraton in Tokyo is scheduled for opening next year. It is to be the first genuine skyscraper in Japan and one of the largest hotels in the world outside the North American continent. It will be operated under a management contract that involves no investment on Sheraton's part. Nine of the leading hotels in Mexico, situated in Mexico City and in Acapulco, known as the Balsa Hotels, have become Sheraton affiliated properties. Sheraton is exerting every effort to channel as much business as possible from the United States and elsewhere in the world to these eminent Mexican hotels.