PATRIOT AMERICAN HOSPITALITY INC/DE
8-K, 1999-02-16
REAL ESTATE
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                              --------------------

                                    FORM 8-K
                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934
                              --------------------

       Date of Report (Date of earliest event reported): February 16, 1999

<TABLE>
<S>                                            <C>

      PATRIOT AMERICAN HOSPITALITY,                   WYNDHAM INTERNATIONAL, INC.
                   INC.

       (Exact Name of Registrant as                   (Exact Name of Registrant as
        Specified in its Charter)                      Specified in its Charter)

                 DELAWARE                                       DELAWARE

     (State or Other Jurisdiction of                (State or Other Jurisdiction of
      Incorporation or Organization)                 Incorporation or Organization)

                94-0358820                                     94-2878485

 (I.R.S. Employer Identification Number)        (I.R.S. Employer Identification Number)

          1950 STEMMONS FREEWAY                          1950 STEMMONS FREEWAY
                SUITE 6001                                     SUITE 6001
           DALLAS, TEXAS 75207                            DALLAS, TEXAS 75207
              (214) 863-1000                                 (214) 863-1000

    (Address, Including Zip Code, and              (Address, Including Zip Code, and
Telephone Number, Including Area Code, of      Telephone Number, Including Area Code, of
Registrant's Principal Executive Offices)      Registrant's Principal Executive Offices)
           --------------------                           --------------------
             PAUL A. NUSSBAUM                              JAMES D. CARREKER
        Chairman of the Board and                      Chairman of the Board and
         Chief Executive Officer                        Chief Executive Officer


</TABLE>
                                                    

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<S>                                     <C>

 Patriot American Hospitality, Inc.        Wyndham International, Inc.
       1950 Stemmons Freeway                  1950 Stemmons Freeway
             Suite 6001                             Suite 6001
        Dallas, Texas 75207                    Dallas, Texas 75207
           (214) 863-1000                         (214) 863-1000
(Name, Address, Including Zip Code,    (Name, Address, Including Zip Code,
  and Telephone Number, Including        and Telephone Number, Including
  Area Code, of Agent of Service)        Area Code, of Agent of Service)

                              --------------------
</TABLE>
                                   copies to:

                             GILBERT G. MENNA, P.C.
                            KATHRYN I. MURTAGH, ESQ.
                           Goodwin, Procter & Hoar LLP
                                 Exchange Place
                        Boston, Massachusetts 02109-2881
                                 (617) 570-1000
                              --------------------



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ITEM 5.  OTHER EVENTS.

     On February 16, 1999, Patriot American Hospitality, Inc. and Wyndham 
     International, Inc. issued a press release. A copy of the press release is 
     attached hereto and incorporated herein in its entirety.


ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

(c) EXHIBITS

    Exhibit No.                    Description
    -----------                    -----------

    99.1               Press release dated February 16, 1999


                                        3

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                                                    SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrants have duly caused this report to be filed on their behalf by the
undersigned thereunto duly authorized.



Dated: February 16, 1999                   PATRIOT AMERICAN HOSPITALITY, INC.

                                           By: /s/ William W. Evans
                                              -----------------------------
                                           Name:   William W. Evans III
                                           Title:  President and Chief 
                                                   Operating Officer

                                           WYNDHAM INTERNATIONAL, INC.

                                           By: /s/ William W. Evans
                                              -----------------------------
                                           Name:   William W. Evans III
                                           Title:  Executive Vice President


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                                  EXHIBIT INDEX

NUMBER         ITEM 
- ------         ---- 

* 99.1         Press release dated February 16, 1999


* Filed herewith



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                                                                    Exhibit 99.1


              [Letterhead of Patriot American Hospitality, Inc.
                      and Wyndham International, Inc.]

MEDIA INQUIRIES:                            ANALYST INQUIRIES:
Suzanne Cottraux                            Paul Keung
V.P. of Corp. Comm. and Public Affairs      V.P. of Finance, Investor Relations
(214) 863-1258                              (214) 863-1265

              PATRIOT EXTENDS LETTER OF INTENT WITH INVESTOR GROUP

     DALLAS, TX, FEBRUARY 16, 1999--Patriot American Hospitality, Inc. 
(NYSE:PAH), whose shares are paired and trade with those of its operating 
company, Wyndham International, Inc. today announced it has extended a letter 
of intent with an investor group which had previously proposed making a 
substantial equity investment in Patriot until February 26, 1999, at 5 p.m. 
EST or if earlier when the parties agree upon the definitive documentation. 
Patriot said it would negotiate exclusively with the investor group during 
this period in an attempt to reach a definitive agreement in the best 
interests of Patriot's shareholders.

     Under the terms of the letter of intent, the investor group, comprised 
of Thomas H. Lee Company; Apollo Real Estate Advisors, L.P.; Apollo 
Management, L.P.; Beacon Capital Partners, Inc.; and Rosen Consulting Group, 
would purchase up to $1 billion of convertible preferred stock.

ABOUT PATRIOT AMERICAN HOSPITALITY, INC. AND WYNDHAM INTERNATIONAL, INC.

     Patriot American Hospitality, Inc. is currently the nation's 
second-largest hotel real estate investment trust (REIT) with a portfolio 
comprised of 474 owned, managed, leased or franchised hotels and resorts with 
more than 101,774 rooms. Its paired operating company, Wyndham International, 
Inc., comprised of the Grand Bay Hotels & Resorts Division, the Wyndham Hotel 
Group, the All-Suites Division and PAH Management Services, leases, manages 
and franchises primarily upscale and luxury hotel and resort properties 
represented by its proprietary brands and provides management services for 
third-party owned hotels and resorts.


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