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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Extended Stay America, Inc.
________________________________________________________________________________
(Name of Issuer)
Common Stock, par value $.01 per share
________________________________________________________________________________
(Title of Class of Securities)
30224P 10 1
_______________________________________________________________
(CUSIP Number)
George D. Johnson, Jr., 450 E. Las Olas Boulevard, Ft. Lauderdale, FL 33301
(954) 713-1600
________________________________________________________________________________
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
January 16, 1997
_______________________________________________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box. [_]
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 30224P 10 1 PAGE 2 OF 9 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
George D. Johnson, Jr.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
PF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States of America
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 3,932,524 Shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0 Shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 3,932,524 Shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0 Shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
3,932,524 Shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 30224P 10 1 PAGE 3 OF 9 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GDJ, Jr. Investments Limited Partnership
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
PF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Nevada
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 3,832,524 Shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0 Shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 3,832,524 Shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0 Shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
3,832,524 Shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
- ------------------------------------------------------------------------------
<PAGE>
This Amendment No. 1 (the "Amendment No. 1") amends and restates the
initial statement on Schedule 13D, dated December 19, 1995 (the "Statement"), of
George D. Johnson, Jr. relating to the common stock, par value $.01 per share
(the "Common Stock"), of Extended Stay America, Inc., a Delaware corporation
(the "Company"). The Statement is amended and restated in its entirety as set
forth below.
ITEM 1. SECURITY AND ISSUER.
This Statement relates to the Common Stock of the Company. The principal
executive offices of the Company are located at 450 E. Las Olas Boulevard, Ft.
Lauderdale, Florida 33301. All references in this Statement to Common Stock,
including prices per share, reflect a 2-for-1 stock split effected as a dividend
on July 19, 1996.
ITEM 2. IDENTITY AND BACKGROUND.
(a)-(c) and (f). This Statement is being filed by George D. Johnson, Jr.
("Mr. Johnson") and GDJ, Jr. Investments Limited Partnership, a Nevada limited
partnership (the "Limited Partnership"). Mr. Johnson's principal occupation is
as President, Chief Executive Officer, and director of the Company. Mr.
Johnson's business address is 450 E. Las Olas Boulevard, Ft. Lauderdale, Florida
33301. Mr. Johnson is a citizen of the United States of America. Mr. Johnson
owns 99% of the limited partnership interests of the Limited Partnership. The
remaining 1% is held by the Limited Partner's general partner, GDJ, Jr.
Investment Corporation, a Nevada corporation, of which Mr. Johnson owns 100% of
the issued and outstanding capital stock.
(d)-(e). During the past five years, neither of the Reporting Persons has
(i) been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction and as a result was or is
subject to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws, or finding any violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The descriptions set forth below of the S.H.J. Trust Loan Documents, the
D.G.J. Trust Loan Documents, the J.C.J. Trust Loan Documents, and the S.B.J.
Trust Loan Documents (all as hereinafter defined) are qualified in their
entirety by reference to such documents, copies of which are attached as
Exhibits 2, 3, 4, and 5, respectively, to the Statement and which are
incorporated herein by reference.
Concurrently with the closing on December 19, 1995 of its initial public
offering of 10,120,000 shares of Common Stock (the "Initial Public Offering"),
the Company sold to its existing stockholders on a pro rata basis, for $25.0
million, 4,135,650 shares of Common Stock for $6.045 per share, such price being
the Initial Public Offering price per share less underwriting discounts and
commissions (the "Concurrent Offering"). In the Concurrent Offering, Mr. Johnson
purchased 504,342 shares of Common Stock with his personal funds and the
following shareholders each purchased 7,894 shares of Common Stock: the Stewart
H. Johnson, Jr. Trust (the "S.H.J. Trust"); the David G. Johnson Trust (the
"D.G.J. Trust"); the Jamie C. Johnson Trust (the "J.C.J. Trust"); and the Susan
B. Johnson Trust (the "S.B.J. Trust") The S.H.J. Trust, D.G.J. Trust, J.C.J.
Trust, and the S.B.J. Trust are collectively referred to as the "Trusts". Mr.
Johnson is the sole trustee of each of the Trusts.
4
<PAGE>
January 16, 1997
Studio Plus Hotels, Inc.
ATTN: Norwood Cowgill, Jr.
1999 Richmond Road, Suite Four
Lexington, KY 40502
Re: Vote Agreement
--------------
Gentlemen:
Studio Plus Hotels, Inc., a Virginia corporation (the "Company"), Extended
Stay America, Inc., a Delaware corporation (the "Purchaser") and ESA Merger Sub,
Inc., a Delaware corporation and a wholly-owned subsidiary of the Purchaser,
intend to enter an Agreement and Plan of Merger as of January 16, 1997 (the
"Agreement"). In order to induce the Company to enter into the Agreement, the
undersigned hereby agrees to vote the shares (the "Shares") of common stock of
Purchaser owned by the undersigned in favor of the Merger and the transactions
contemplated thereby at any meeting (whether special or annual, and whether or
not adjourned) or by written action of stockholders of Purchaser. Further, the
undersigned hereby agrees to recommend the Merger to Purchaser stockholders,
subject to the exercise of applicable fiduciary duties as determined by the
undersigned in good faith after consultation with, and based upon the advice of,
outside counsel.
<PAGE>
Studio Plus Hotels, Inc.
January 16, 1997
Page 2
The term of this letter agreement shall be until the first to occur of (i)
the termination of the Merger Agreement, (ii) the closing of the Merger, or
(iii) August 31, 1997.
Very truly yours,
/s/George D. Johnson, Jr.
George D. Johnson, Jr.
ACCEPTED AND AGREED:
Studio Plus Hotels, Inc.
By: /s/ Norwood Cowgill, Jr.
---------------------------------
Title: C.E.O.
------------------------
<PAGE>
AGREEMENT REGARDING JOINT FILING OF SCHEDULE 13D
------------------------------------------------
The undersigned agree that the Amendment to the Statement on Schedule 13D
to which this Agreement is attached is filed on behalf of each pursuant to Rule
13d-1(f)(iii). This Agreement may be executed in any number of counterparts,
each of which shall be deemed an original and all of which shall together
constitute an instrument.
Dated: January 28, 1997
By: /s/ George D. Johnson, Jr.
-----------------------------------
George D. Johnson, Jr.
GDJ, JR. INVESTMENTS LIMITED PARTNERSHIP
By: GDJ, Jr. Investments Corporation,
its general partner
By: /s/ George D. Johnson, Jr.
-----------------------------
Its: Vice President
-----------------------------
