UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Filed Pursuant to Section 13 OR 15(d) of
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 16, 1997
CAPSTAR HOTEL COMPANY
(Exact name of registrant as specified in its charter)
DELAWARE 1-12017 52-1979383
(State or other jurisdiction (Commission File (IRS Employer Identification
of incorporation) Number) Number)
1010 Wisconsin Avenue, N.W.
Suite 650
Washington, D.C. 20007
(Address of principal executive offices)
Registrant's telephone number, including area code: (202) 965-4455
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ITEM 2. ACQUISITIONS
On July 16, 1997, CapStar Hotel Company ("CapStar") completed the
acquisition of The Georgetown Inn Hotel and the Radisson Hotel & Suites (the
"Additional Portfolio") for an aggregate purchase price of $60 million. Certain
financial statements and pro forma information in respect of such acquisitions
will be filed within the time period prescribed by regulation S-X of the
Securities Act of 1933, as amended.
ITEM 5. OTHER EVENTS
On July 25, 1997, CapStar announced its intention to offer $150 million in
aggregate amount of senior subordinated notes due 2007. A copy of the press
release regarding such private offering is attached as Exhibit 99 to this
current report.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA
FINANCIAL INFORMATION AND EXHIBITS
(c) The following are exhibits to this report and are filed herewith:
Exhibit 99-Press Release, dated July 25, 1997.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
CAPSTAR HOTEL COMPANY
(Registrant)
By: /S/ John Emery
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John Emery
Chief Financial Officer
Dated: July 30, 1997
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EXHIBIT INDEX
CAPSTAR HOTEL COMPANY
Current Report on Form 8-K
Dated July 30, 1997
EXHIBIT NO. DESCRIPTION
99 Press Release, dated July 25, 1997.
FOR IMMEDIATE RELEASE July 25, 1997, 7:32 am E.S.T.
CONTACT: John Emery, Chief Financial Officer
(202) 965-4455
CapStar Hotel Company announced Thursday that it intends to offer
$150 million of senior subordinated notes due 2007. The offering will be made
via an offering memorandum to qualified institutional buyers and is expected to
be completed during the third quarter of 1997.
The Company expects to use the net proceeds of the private offering
to repay indebtedness under its credit facility, to pursue its acquisition
strategy, to make capital expenditures for its renovation programs and for
working capital and general corporate purposes.
The notes will be general unsecured obligations of the Company and
will be subordinated to all existing and future senior debt (to be defined in
the indenture governing the notes) of the Company. The Notes also will be
effectively subordinated to all obligations of the Company's subsidiaries,
including, without limitation, trade payables in the ordinary course of
business.
The notes have not been and will not be registered under the
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from registration
requirements.
CapStar Hotel Company is a hotel management and investment company
which acquires, renovates, repositions and manages hotels throughout the United
States. CapStar currently owns and manages 36 upscale, full-service hotels which
contain 9,151 rooms and manages an additional 30 hotels owned by third parties
which contain 5,340 rooms.
