CHASE MANHATTAN CORP /DE/
SC 13G, 1997-02-14
NATIONAL COMMERCIAL BANKS
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<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                               Schedule 13G Under
             Information Statement Pursuant to Rules 13d-1 and 13d-2
                    Under The Securities Exchange Act of 1934

                                (Amendment No. )





                               Hudson Hotels Corp
- -------------------------------------------------------------------------------
                                (Name Of Issuer)


                                     Common
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                   443794102
- --------------------------------------------------------------------------------
                                 (Cusip Number)










                      (Continued on the following page(s))

                                Page 1 of 6 Pages
<PAGE>   2
- --------------------------------------------------------------------------------
CUSIP NO.  443794102    13G      Page 2 of 6 Pages
- --------------------------------------------------------------------------------
Hudson Hotels Corp

- --------------------------------------------------------------------------------
  1            NAME OF REPORTING PERSON
               S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
               The Chase Manhattan Corporation - CMC
               The Chase Manhattan Bank - CMB
                   
- --------------------------------------------------------------------------------
  2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (A)  
                                                                   (B)  
- --------------------------------------------------------------------------------
  3            SEC USE ONLY
                   
                   
- --------------------------------------------------------------------------------
  4            CITIZENSHIP OR PLACE OF ORGANIZATION
               The Chase Manhattan Corporation - Delaware
               The Chase Manhattan Bank - New York
- --------------------------------------------------------------------------------
 NUMBER        5   SOLE VOTING POWER
 OF                CMC   - 287,673
 SHARES            CMB   - 287,673 
                   
               -----------------------------------------------------------------
 BENEFICIALLY  6   SHARED VOTING POWER
 OWNED BY          CMC   - None
                   CMB   - None
                                                     
               -----------------------------------------------------------------
 EACH          7   SOLE DISPOSITIVE POWER                                      
 REPORTING         CMC   - 287,673                              
 PERSON            CMB   - 287,673
                          
               -----------------------------------------------------------------
 WITH          8   SHARED DISPOSITIVE POWER                                    
                   CMC   - None                                         
                   CMB   - None                                                
- --------------------------------------------------------------------------------
  9            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
               CMC  - 287,673  
               CMB  - 287,673  
               
- --------------------------------------------------------------------------------
 10            CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
               SHARES*


- --------------------------------------------------------------------------------
 11            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
               CMC  - 8.898 % 
               CMB  - 8.898 % 
               
- --------------------------------------------------------------------------------
 12            TYPE OF REPORTING PERSON *
               CMC  - HC
               CMB  - BK

- --------------------------------------------------------------------------------
     
                      *SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>   3
Item 1(a). Name of Issuer:                  Hudson Hotels Corp

Item 1(b). Address of Issuer's:             One Airport Way Suite 200
           Principal Executive Offices      Rochester N.Y. 14624

           Principal Executive Officer:

Item 2(a). Name of Person Filing:           This notice is filed by The Chase
                                            Manhattan Corporation (CMC) and its
                                            wholly owned subsidiary, The Chase
                                            Manhattan Bank (CMB )


Item 2(b). Address of Principal Business    CMC:  270 Park Avenue
           Office:                                New York, NY 10017

                                            CMB :  270 Park Avenue
                                                   New York, NY 10017
Item 2(c). Citizenship:                     CMC - Delaware
                                            CMB - New York

Item 2(d). Title of Class of Securities:          Common Par

Item 2(e). CUSIP Number: 443794102



                                   Page 3 of 6
<PAGE>   4
                               HUDSON HOTELS CORP


Item 3.  If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
         check whether the person filing is a:

         (a) [   ]  Broker or dealer registered under Section 15 of the Act.

         (b) [ X ]  Bank as defined in Section 3(a)(6) of the Act.

         (c) [   ]  Insurance Company as defined in Section 3(a)(19) of the Act.

         (d) [   ]  Investment Company registered under Section 8 of the
                    Investment Company Act.

         (e) [   ]  Investment Adviser registered under Section 203 of the 
                    Investment Advisers Act of 1940.

         (f) [   ]  Employee Benefit Plan, Pension Fund which is subject to the
                    provisions of the Employee Retirement Income Security Act
                    of 1974 or endowment Fund [see Section
                    240.13d-1(b)(1)(ii)(F)].

         (g) [ X ]  Parent Holding Company, in accordance with Section
                    240.13d-1(b)(ii)(G).

         (h) [   ]  Group, in accordance with Section 240.13d-1(ii)(H).

Item 4.  Ownership:

         (a)     Amount Beneficially Owned:                    CMC  - 287,673
                 As of December 31, 1996                       CMB  - 287,673

         (b)     Percent of Class:                             CMC  - 8.898%
                                                               CMB  - 8.898%
         (c)     Number of shares as to which such person has:

         (i)     Sole power to vote or to direct the vote:
                                                               CMC  - 287,673
                                                               CMB  - 287,673


         (ii)    Shared power to vote or to direct the vote:
                                                               CMC  - None
                                                               CMB  - None


                                   Page 4 of 6
<PAGE>   5
                               HUDSON HOTELS CORP


         (iii)   Sole power to dispose or to direct the disposition of:
                           CMC   -  287,673
                           CMB   -  287,673

         (iv)    Shared power to dispose or to direct the disposition of:
                           CMC   - None
                           CMB   - None

Item 5.  Ownership of Five Percent or Less of a Class:
         Not Applicable


Item 6.  Ownership of More than Five Percent on Behalf of Another Person:
         The beneficial interest reported has been acquired through fiduciary
         relationships. Beneficial ownership of portions of the shares reported
         is shared with unaffiliated persons, none of whose beneficial ownership
         in the subject shares exceeds five percent of the issuers outstanding
         shares.


Item 7.  Identification and Classification of the Subsidiary Which Holds the 
         Security Being Reported on by the Parent Holding Company:

         Pursuant to Rule 13(d) - 1 (c): This notice is filed on behalf of both
         CMC and its subsidiary, CMB. In lieu of attaching an exhibit hereto,
         the identity of CMB is as set forth on the cover page hereof. CMB is
         classified as a Bank, as such term is defined in Section (3)(a)(6) of
         the Securities Exchange Act of 1934, as amended,

Item 8.  Identification and Classification of Members of this Group:

         Not applicable.

Item 9.  Notice of Dissolution of Group:

         Not applicable.



                                   Page 5 of 6
<PAGE>   6
         HUDSON HOTELS CORP



Item 10. Certification:

         By signing below, I certify that, to the best of my knowledge and
         belief, the securities referred to above were acquired in the ordinary
         course of business and were not acquired for the purpose of and did not
         have the effect of changing or influencing the control of the issuer of
         such securities and were not acquired in connection with or as a
         participant in any transaction having such purpose or effect.


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.






Dated:       February 12, 1997




The  Chase Manhattan Bank                   THE CHASE MANHATTAN CORPORATION

  /S/ Allan Nemethy                              /S/ Anthony J. Horan
- -----------------------------------         ------------------------------------
           Allan Nemethy                           Anthony J. Horan
           Trust Officer                           Corporate Secretary



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