SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. _________)
SUBURBAN LODGES OF AMERICA, INC.
____________________________________________________________________________
(name of Issuer)
COMMON CAPITAL STOCK
____________________________________________________________________________
(Title of Class of Securities)
864444104
_____________________________________________________________________________
(CUSIP Number)
J.J. Denzler, Esq., 10 Washington Street, PO Box 905, Morristown, NJ 07963-0905
(973) 539-1000
__________________________________________________________________________
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
April 12, 1999
__________________________________________________________________________
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of
Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following
box. ?
Note: Schedules filed in paper format shall include a signed original and
five copies of
the schedule, including all exhibits. See Section 240.13d-7 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 disclosures provided in a
prior
cover page.
The information required on the remainder of this cover page shall not be
deemed to be
"filed" for the purpose of Section 18 of the Securities Act of 1934 (`Act") or
otherwise
subject to the liabilities of that section of the Act but shall be to all other
provisions off
the Act (however, see the Notes).
CUSIP No.864444104....................______________
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons ( entities only).
WR Investment Partners Small Cap Corp. EIN 22-3612003
....................................
2. Check the Appropriate Box if a Member of a Group (see Instructions)
(a)...................................
(b)...................................
3. SEC Use Only..............................
4. Source of Funds (See Instructions) AF and OO................
5. Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) ..
6. Citizenship or Place of Organization.New Jersey.................
Number of 7. Sole Voting Power.. 779,300 .................
Shares Bene-
ficially 8. Shared Voting Power.......................
Owned by Each
Reporting 9. Sole Dispositive Power.779,300..............______
10. Shared Dispositive Power.....................
11. Aggregate Amount Beneficially Owned by Each Reporting Person
779,300 ..
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)..
13. Percent of Class Represented by Amount in Row (11)..5.03%
........
14. Type of Reporting Person (See Instructions)
....CO..............................
....................................
....................................
....................................
....................................
.
Item 1. Security and Issuer
Common capital stock of Suburban Lodges of America, Inc., 1000 Parkwood
Circle,
Suite 850, Atlanta, Georgia 30339
Item 2. Identity and Background
(a) WR Investment Partners Small Cap Corp., incorporated in New
Jersey.
(b) P.O. Box 1975, 330 South Street, Morristown, N.J.07962-1975.
(c) Its principal business is investments.
(d) No.
(e) No.
(f) United States.
Item 3. Source and Amount of Funds or Other Consideration
766,100 shares were transferred to WR Investment Partners Small Cap Corp.
(the
"Corporation") as a contribution to capital by E. Burke Ross, Jr. who is the
sole shareholder of
the Corporation. The balance of the shares were purchased by the Corporation
on margin
credit.
Item 4. Purpose of Transaction
Plans or proposals which the reporting person may have in connection with
the
acquisition of the securities of the issuer may include the following:
(a) acquisition of additional securities of the issuer.
Item 5. Interest in Securities of the Issuer
(a) 779,300 shares
(b) 779,300 shares. 100% vote and disposition.
(c) Five different transactions on 3 days all by WR Investment Partners
Small Cap Corp.
(the "Corporation").
1. 4/7/99; the Corporation purchased 600 shares @ 6.9375 per share.
2. 4/7/99; the Corporation purchased 7,800 shares @ 6.8125 per share.
3. 4/8/99; E. Burke Ross, Jr. as a contribution to capital of the
Corporation transferred
to the Corporation 736,900 shares having a cost basis to him of
$5,464,283.63. Mr.
Ross is the sole shareholder of the Corporation.
4. 4/12/99; E. Burke Ross, Jr. as a contribution to capital of the
Corporation transferred
to the Corporation 29,200 shares having a cost basis to him
of $204,661.45
.
5. 4/12/99; the Corporation purchased 4,800 shares @ 6.705 per share.
The purchases which were made by the Corporation were made on the open market
through a
registered brokerage firm.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to
Securities of the Issuer
None.
Item 7. Material to Be Filed as Exhibits
None.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the
information set forth in this statement is true, complete and correct.
April 14 ,1999
__________________________________________________________________________
Date
s/ Ann Sweeney
________________________________________________________________________
Signature
Ann Sweeney, Vice President, WR Investment Partners Small Cap Corp.
__________________________________________________________________________
Name/Title
