<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES AND EXCHANGE ACT OF 1934
Homegate Hospitality, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
43740G 10 9
- --------------------------------------------------------------------------------
(CUSIP Number)
(Continued on following pages)
Page 1 of 4 Pages
<PAGE>
CUSIP NO. 43740G 10 9 13G Page 2 of 4
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Developer Extended Stay Partners, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 1,055,759
SHARES ----------------------------------------------------------------
BENEFICIALLY 6 Shared Voting Power
OWNED BY 0
EACH ----------------------------------------------------------------
REPORTING 7 Sole Dispositive Power
PERSON 1,055,759
WITH ----------------------------------------------------------------
8 Shared Dispositive Power
0
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,055,759
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 10 EXCLUDES CERTAIN
SHARES*
[X]
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 10
9.84%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------------------------------------------------------------------------
<PAGE>
CUSIP NO. 43740G 10 9 13G Page 3 of 4
Item 1.
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
111 Congress Avenue, Suite 2600
Austin, Texas 78701
Item 2.
(a) NAME OF PERSON FILING:
Developer Extended Stay Partners, L.P.
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
c/o Homegate Hospitality, Inc.
111 Congress Avenue, Suite 2600
Austin, Texas 78701
(c) CITIZENSHIP:
United States of America
(d) TITLE OF CLASS OF SECURITIES:
Common Stock, $.01 per value
(e) CUSIP NUMBER:
43740G 10 9
Item 3. NOT APPLICABLE
Item 4. OWNERSHIP:
(a) Amount Beneficially Owned: 1,055,759
(b) Percent of Class: 9.84%
(c) Number of shares as to which such person has:
(i) sole power to direct the vote: 1,055,759
(ii) shared power to direct the vote: 0
(iii) sole power to dispose or direct the disposition of: 1,055,759
(iv) shared power to dispose or direct the disposition of: 0
Item 5. NOT APPLICABLE
Item 6. NOT APPLICABLE
Item 7. NOT APPLICABLE
Item 8. NOT APPLICABLE
Item 9. NOT APPLICABLE
Item 10. NOT APPLICABLE
<PAGE>
CUSIP NO. 43740G 10 9 13G Page 4 of 4
SIGNATURE
---------
After reasonable inquiry and to the best of my knowledge and belief, I set
forth that the information set forth in this statement is true, complete and
correct.
DATED: February 14, 1997
DEVELOPER EXTENDED STAY PARTNERS, L.P.
By: DESP General Partner, L.L.C., as general
partner
By: Crow Family, Inc., as general
partner
By: /s/ ANTHONY DONA
-------------------------------------
Name: Anthony Dona
Title: Vice President
