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Hot Shoppes, Inc., 1962 Annual Report
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Marriott Hot Shoppes. Hot Shoppes, Inc., 1962 Annual Report - Image 7. 1962. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. October 20, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/753/show/743.

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. (1962). Hot Shoppes, Inc., 1962 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/753/show/743

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., 1962 Annual Report - Image 7, 1962, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed October 20, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/753/show/743.

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 Hot Shoppes, Inc., 1962 Annual Report
Creator (LCNAF)
  • Marriott Hot Shoppes
Publisher Marriott Hot Shoppes
Date 1962
Description Hot Shoppes, Inc. Annual Report for the fiscal year ending on July 29, 1962.
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_033_007.jpg
Transcript LIABILITIES AND STOCKHOLDERS' INVESTMENT CURRENT LIABILITIES Current Maturities of Long-Term Debt Accounts Payable Construction Contract Accruals Accrued Expenses: Salaries, Wages and Bonuses Income Taxes Rent, Utilities, Insurance, etc Other Taxes Total Current Liabilities LONG-TERM DEBT (Note 2) DEFERRED INCOME TAXES (Relating to Accelerated Depreciation) Total Liabilities ■... STOCKHOLDERS' INVESTMENT Capital Stock—$1 Par Value Common—3,000,000 Shares Authorized; outstanding Class B Common—750,000 Shares Authorized; outstanding. Total Capital Stock Capital Surplus (Note 3) Earned Surplus Total Stockholders' Investment TOTAL LIABILITIES AND STOCKHOLDERS' INVESTMENT 1962 365,000 1,697,449 25,432 2,039,790 967,096 683,209 369,417 $ 6,147,393 1,365,094 1,852,108 $ 1,540,797 401,716 $ 1,942,513 7,353,282 7,066,695 $16,362,490 $25,727,085 1961 $ 361,696 2,284,940 215,080 1,901,630 845,251 733,798 483,014 $ 6,825,409 1,696,526 1,173,099 $ 9,364,595 $ 9,695,034 $ 1,416,116 451,997 $ 1,868,113 5,363,082 6,916,505 $14,147,700 $23,842,734 NOTES TO FINANCIAL STATEMENTS (1) 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 years with an average of thirteen years. Minimum average annual rental payments amount to approximately $3,700,000. (2) Long-Term Debt consists of mortgages ($733,222) and notes ($631,872) due on various dates to 1976. Interest rates vary from 4 '72% to 5% (one minor mortgage is non-interest bearing). The parent company also is contingently liable in the amount of $741,000 as guarantor on a mortgage under a sale-leaseback agreement. (3) The increase of $1,990,200 in Capital Surplus represents the excess of fair market value over the par value of 74,400 shares of capital stock issued as a 4% stock dividend.