AMERICAN GENERAL HOSPITALITY CORP
3, 1996-07-25
REAL ESTATE INVESTMENT TRUSTS
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<PAGE>
 
 
                    U.S. SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

FORM 3                                                      OMB APPROVAL
                                                   -----------------------------
                                                   OMB NUMBER:  3235-0104
                                                   Expires:  April 30, 1997
                                                   Estimated average burden
                                                   hours per response ...... 0.5
                                                   -----------------------------


            INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES



    Filed pursuant to Section16(a) of the Securities Exchange Act of 1934,
      Section 17(a) of the Public Utility Holding Company Act of 1935 or
              Section 30(f) of the Investment Company Act of 1940




1. Name and Address of Reporting Person


- --------------------------------------------------------------------------------
  (Last)                             (First)                         (Middle)

Wiles                                 Bruce                              G.
- --------------------------------------------------------------------------------
                                    (Street)

5204  Lincolnshire Court
- --------------------------------------------------------------------------------
  (City)                             (State)                          (Zip)


Dallas                               TX                              75287
- --------------------------------------------------------------------------------
2. Date of Event Requiring Statement (Month/Day/Year)

                                  7/25/96
- --------------------------------------------------------------------------------
3. IRS or Social Security Number of Reporting Person (Voluntary)


- --------------------------------------------------------------------------------
4. Issuer Name and Ticker or Trading Symbol

      American General Hospitality Corporation/AGT
- --------------------------------------------------------------------------------
5. Relationship of Reporting Person to Issuer:
       (Check all applicable)


                  Director                         10% Owner
           -----                           ------ 

             X    Officer (give                    Other (Specify
           -----           title below)    ------         below)

                    Executive Vice President
                   ----------------------------------

- --------------------------------------------------------------------------------
6. If Amendment, Date of Original   (Month/Day/Year)


- --------------------------------------------------------------------------------

<TABLE> 
<CAPTION> 
                                      Table 1 -- Non-Derivative Securities Beneficially Owned

1. Title of Security          2. Amount of Securities         3. Ownership Form:        4. Nature of Indirect Beneficial Ownership
   (Instr. 4)                    Beneficially Owned              Direct (D) or             (Instr. 5)
                                 (Instr. 4)                      Indirect (I)
                                                                 (Instr. 5)
- --------------------------    ---------------------------      -----------------        ------------------------------------------
<S>                           <C>                              <C>                      <C> 

Common Stock                  10,000*                                D
- --------------------------    ---------------------------      -----------------        ------------------------------------------
Common Stock                  2,352                                  I                  By Retirement Savings Plan
- --------------------------    ---------------------------      -----------------        ------------------------------------------

- --------------------------    ---------------------------      -----------------        ------------------------------------------

- --------------------------    ---------------------------      -----------------        ------------------------------------------

- --------------------------    ---------------------------      -----------------        ------------------------------------------

- --------------------------    ---------------------------      -----------------        ------------------------------------------

- --------------------------    ---------------------------      -----------------        ------------------------------------------

- --------------------------    ---------------------------      -----------------        ------------------------------------------

- --------------------------    ---------------------------      -----------------        ------------------------------------------

- --------------------------    ---------------------------      -----------------        ------------------------------------------
</TABLE> 

Reminder: Report on a separate line for each class of securities beneficially 
          owned directly or indirectly.

                  (Print or Type Responses)                      
                                                                 
*The reporting person has a vested interest in 10% of the shares. The remaining 
90% of the shares will vest in installments of 20%, 20%, 25%, and 25% over the 
next four years.

                                                                         (Over)
                                                                SEC 1473 (8-92)




<PAGE>
 
FORM 3 (continued)   

<TABLE> 
<CAPTION> 

        Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security   2. Date Exer-   3. Title and Amount of Securities  4. Conversion   5. Ownership    6. Nature of 
                                     cisable and     Underlying Derivative Security     or Exercise     Form of         Indirect
                                     Expiration     (Instr. 4)                          Price of        Derivative      Beneficial
                                     Date                                               Derivative      Security:       Ownership
                                    (Month Day                                          Security        Direct (D)     (Instr. 5)
                                     Year)                                                              or
                                  ------- ------- ---------------------------------                     Indirect (I)
                                  Date    Expira-                            Amount                    (Instr. 5)
                                  Exer-   tion                               or
                                  cisable Date             Title             Number
                                                                             of
                                                                             Shares
- -------------------------------   ------- -------  ------------------------  ------ --------------- --------------- ------------- 
<S>                              <C>      <C>     <C>                        <C>    <C>             <C>             <C> 

Employee Stock Option             ***     7/24/06   Common Stock             75,000  $17.75          D
- -------------------------------   ------- -------  ------------------------  ------ --------------- --------------- ------------- 

- -------------------------------   ------- -------  ------------------------  ------ --------------- --------------- ------------- 

- -------------------------------   ------- -------  ------------------------  ------ --------------- --------------- ------------- 

- -------------------------------   ------- -------  ------------------------  ------ --------------- --------------- ------------- 

- -------------------------------   ------- -------  ------------------------  ------ --------------- --------------- ------------- 

- -------------------------------   ------- -------  ------------------------  ------ --------------- --------------- ------------- 

- -------------------------------   ------- -------  ------------------------  ------ --------------- --------------- ------------- 

- -------------------------------   ------- -------  ------------------------  ------ --------------- --------------- ------------- 

- -------------------------------   ------- -------  ------------------------  ------ --------------- --------------- ------------- 

- -------------------------------   ------- -------  ------------------------  ------ --------------- --------------- ------------- 
</TABLE> 
Explanation of Responses:

***The option vests in four annual installments that commenced on its grant 
   date in 1996.

 **Intentional misstatements or omissions of facts constitute Federal Criminal 
   Violations.
  
  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).



                              /s/ Bruce G. Wiles                    7/25/96
                              _______________________________    ______________
                              **Signature of Reporting Person         Date


Note: File three copies of this Form, one of which must be manually signed. If 
      space provided is insufficient, 
      See Instruction 6 for procedure.





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