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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. 1 - Final)*
Starwood Hotels & Resorts Trust
Starwood Hotels & Resorts Worldwide, Inc.
(Name of Issuer)
Shares of Beneficial Interest, Par Value $0.01 Per Share
Shares of Common Stock, Par Value $0.01 Per Share
(Title of Class of Securities)
855905 20 4
(CUSIP Number)
Gordon K. Eng, Esq.
19191 South Vermont Avenue, Suite 420
Torrance, California 90502
(310) 207-1477
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 23, 1998
(Date of Event Which Requires Filing of This Statement)
If the Filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the subject of this Schedule
13D, and is filing this schedule because of Rule 13d-1 (b)(3) or (4), check the
following box [ ].
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 11
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SCHEDULE 13D
CUSIP No. 855905 20 4 Page 2 of 11 Pages
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Sheikh Abdulaziz bin Ibrahim Al Ibrahim
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Saudi Arabia
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
3,717,603
OWNED BY -----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
REPORTING -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON
3,717,603
WITH
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,717,603
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
SCHEDULE 13D
CUSIP No. 855905 20 4 Page 3 of 11 Pages
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Aspen Enterprises International Holdings, Ltd.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
3,088,372
OWNED BY -----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
REPORTING -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON
3,088,372
WITH
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,088,372
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
SCHEDULE 13D
CUSIP No. 855905 20 4 Page 4 of 11 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Polestar Limited
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
539,535
OWNED BY -----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
REPORTING -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON
539,535
WITH
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
539,535
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 5
SCHEDULE 13D
CUSIP No. 855905 20 4 Page 5 of 11 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Moonbeam Enterprises International, Ltd.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
89,696
OWNED BY -----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
REPORTING -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON
89,696
WITH
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
89,696
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 0.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 6
AMENDMENT NO. 1 TO SCHEDULE 13D
This Amendment No. 1 (this "Amendment") amends the Schedule
13D originally filed with the Commission on January 26, 1998 by His Excellency
the Sheikh Abdulaziz bin Ibrahim Al Ibrahim ("HES"), Aspen Enterprises
International Holdings, Ltd. ("AEIH"), Polestar Limited ("PL") and Moonbeam
Enterprises International, Ltd. ("MEIL"). Capitalized terms used not defined in
this Amendment have the meanings ascribed to them in the Schedule 13D. This is a
final amendment.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the initial Schedule 13D filed by the Reporting
Persons is hereby amended to read in its entirety as follows:
In a Form 8-K dated February 24, 1998, Starwood reported that
it had completed the acquisition of ITT Corporation on February 23, 1998 (the
"ITT Acquisition"). In connection with the ITT Acquisition, Starwood issued
additional Paired Shares to the holders of ITT common stock. The Reporting
Persons have been advised by a representative of Starwood that the amount of
Paired Shares outstanding as of February 28, 1998 was 187,107,584. Solely, by
virtue of such increase in the number of Paired Shares outstanding, the
percentages of Paired Shares owned by the Reporting Persons has decreased below
5% individually and in the aggregate, as further set below in paragraphs (a) and
(b) below.
(a), (b) As of the date hereof, HES beneficially owned 3,717,603
Paired Shares, representing approximately 2.0% of the outstanding Paired Shares
and he has shared power to vote or to dispose with respect to such Paired
Shares.
As of the date hereof, AEIH beneficially owned 3,088,372 Paired
Shares, representing approximately 1.7% of the outstanding Paired Shares and it
has shared power to vote or to dispose with respect to such Paired Shares.
As of the date hereof, PL beneficially owned 539,535 Paired
Shares, representing approximately 0.3% of the outstanding Paired Shares and it
has shared power to vote or to dispose with respect to such Paired Shares.
As of the date hereof, MEIL beneficially owned 89,696 Paired
Shares, representing approximately less than 0.1% of the outstanding Paired
Shares and it has shared power to vote or to dispose with respect to such Paired
Shares.
HES shares power to vote and dispose of the Paired Shares with
each of AEIH, PL and MEIL and each of AEIH, PL and MEIL shares power to vote and
to dispose of their respective Paired Shares with HES.
None of the persons listed in Item 2 other than the Reporting
Persons, to the best knowledge of the Reporting Persons, beneficially owns any
Paired Shares.
6
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(c) None of the Reporting Persons and, to the best knowledge of
the Reporting Persons, none of the persons listed in Item 2 except as set forth
in this statement, has been party to any transaction in Paired Shares during the
sixty-day period ending on February 23, 1998.
(d) No other person has the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, any of
Paired Shares that may be deemed to be beneficially owned by the Reporting
Persons.
(e) See the first paragraph of this Item 5.
7
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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.
Date: March 10, 1998
Sheikh Abdulaziz bin Ibrahim Al Ibrahim
By: /s/Tarek Ayoubi
-----------------------------------
Name: Tarek Ayoubi
Attorney-in-fact
8
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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.
Date: March 10, 1998
Aspen Enterprises International Holdings, Ltd.
By: /s/Tarek Ayoubi
-----------------------------------
Name: Tarek Ayoubi
Attorney-in-fact
9
<PAGE> 10
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.
Date: March 10, 1998
Polestar Limited
By: /s/Tarek Ayoubi
----------------------------------
Name: Tarek Ayoubi
Attorney-in-fact
10
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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.
Date: March 10, 1998
Moonbeam Enterprises International, Ltd.
By: /s/Tarek Ayoubi
------------------------------------
Name: Tarek Ayoubi
Attorney-in-fact
11
