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Marriott-Hot Shoppes, Inc., 1966 Annual Report
Image 26
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Marriott International, Inc.; Marriott Hot Shoppes. Marriott-Hot Shoppes, Inc., 1966 Annual Report - Image 26. 1966. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. July 19, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/62/show/55.

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 International, Inc.; Marriott Hot Shoppes. (1966). Marriott-Hot Shoppes, Inc., 1966 Annual Report - Image 26. 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/62/show/55

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 International, Inc.; Marriott Hot Shoppes, Marriott-Hot Shoppes, Inc., 1966 Annual Report - Image 26, 1966, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed July 19, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/62/show/55.

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 Marriott-Hot Shoppes, Inc., 1966 Annual Report
Creator (LCNAF)
  • Marriott International, Inc.
  • Marriott Hot Shoppes
Publisher Marriott International, Inc.; Marriott Hot Shoppes
Date 1966
Description Marriott-Hot Shoppes, Inc. Annual Report for the fiscal year ending on July 31, 1966.
Subject.Topical (LCSH)
  • Hospitality industry
  • Hotel management
  • Corporation reports
Subject.Name (LCNAF)
  • Marriott International, Inc.
  • 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 26
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_037_026.jpg
Transcript CONSOLIDATED INCOME AND SURPLUS Marriott-Hot Shoppes, Inc. and Subsidiaries for the 53 weeks ended July 31,1966 and 52 weeks ended July 25,1965 INCOME 1966 (53 Weeks) SALES $123,933,283 DEDUCTIONS: Cost of sales and operating expenses 91,249,179 Administrative and general expenses 6,060,018 Rent (Note 2) 5,347,055 Depreciation and amortization (Note 2) 4,339,439 Taxes—payroll and other 3,589,484 Advertising and sales promotional expenses 1,636,998 Interest expense and income, net (Note 2) 1,569,728 Pre-opening expenses of new operating units 1,019,949 114,811,850 NET INCOME BEFORE INCOME TAXES 9,121,433 FEDERAL AND STATE INCOME TAXES (Note 3) 4,011,000 NET INCOME $ 5,110,433 1965 $ 98,842,940 72,384,108 5,207,293 6,610,432 2,606,156 2,818,076 1,281,472 31,846 509,326 91,448,709 7,394,231 3,218,837 $ 4,175,394 SURPLUS 1966 Earned Capital BALANCE, beginning of period $ 10,158,762 $ 11,566,025 ADD—Net income 5,110,433 — Quoted market value in excess of par value of common stock issued as stock dividend — 6,634,449 DEDUCT-4% stock dividend; 187,308 shares at quoted market value (6,821,757) — BALANCE, end of period $ 8,447,438 $ 18,200,474 The accompanying notes to consolidated financial statements are an integral part of these statements. 24