<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
AMENDMENT NO. 3
Under the Securities Exchange Act of 1934
SUPER 8 MOTELS III, LTD.
(Name of Issuer)
UNITS REPRESENTING ASSIGNMENTS OF LIMITED PARTNERSHIP INTERESTS
(Title of Class of Securities)
------------------------
(CUSIP Number)
David I. Lesser
Everest Properties II, LLC
199 South Los Robles Avenue, Suite 440
Pasadena, California 91101
(626) 585-5920
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 10, 1997
(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/A, and is filing this
schedule because of Rule 13d-1 (b) (3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement[ ]. A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such Class.)
(See Rule 13d-7).
Note: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
*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).
SEC 1746 (12-91)
<PAGE>
SCHEDULE 13D
AMENDMENT NO. 3
- ----------------- -------------------------------------------------------------
CUSIP No. PAGE 2 OF 7 PAGES
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Everest Properties, LLC
Taxpayer ID No.: 95-4576844
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
3 SEC USE ONLY
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
4 SOURCE OF FUNDS
AF
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]1
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------- -------------------------------------------------------------
- ---------------------------- --------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH 280 Units
REPORTING PERSON WITH
8 SHARED VOTING POWER
9 SOLE DISPOSITIVE POWER
280 Units
10 SHARED DISPOSITIVE POWER
- ---------------------------- --------------------------------------------------
- ----------------- -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
280 Units
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN
SHARES [ ]2
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 4.7% (Based on 5,941 Units reported
as outstanding as of June 30, 1997)
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- ----------------- -------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT !
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
AMENDMENT NO. 3
- ----------------- -------------------------------------------------------------
CUSIP No. PAGE 3 OF 7 PAGES
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Everest Properties II, LLC
Taxpayer ID No.: 95-4599059
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
3 SEC USE ONLY
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
4 SOURCE OF FUNDS
AF
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]4
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------- -------------------------------------------------------------
- ---------------------------- --------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH 405 Units
REPORTING PERSON WITH
8 SHARED VOTING POWER
9 SOLE DISPOSITIVE POWER
405 Units
10 SHARED DISPOSITIVE POWER
- ---------------------------- --------------------------------------------------
- ----------------- -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
405 Units
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN
SHARES [ ]5
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 6.8% (Based on 5,941 Units reported
as outstanding as of June 30, 1997)
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- ----------------- -------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT !
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
AMENDMENT NO. 3
- ----------------- -------------------------------------------------------------
CUSIP No. PAGE 4 OF 7 PAGES
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Everest Lodging Investors, LLC
Taxpayer ID No.: 95-4619608
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
3 SEC USE ONLY
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
4 SOURCE OF FUNDS
AF
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]6
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------- -------------------------------------------------------------
- ---------------------------- --------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH 360 Units
REPORTING PERSON WITH
8 SHARED VOTING POWER
9 SOLE DISPOSITIVE POWER
360 Units
10 SHARED DISPOSITIVE POWER
- ---------------------------- --------------------------------------------------
- ----------------- -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
360 Units
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN
SHARES [ ]7
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 6.1% (Based on 5,941 Units reported
as outstanding as of June 30, 1997)
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- ----------------- -------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT !
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
AMENDMENT NO. 3
- ----------------- -------------------------------------------------------------
CUSIP No. PAGE 5 OF 7 PAGES
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Everest/Madison Investors, LLC
Taxpayer ID No.: 95-4575843
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
3 SEC USE ONLY
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
4 SOURCE OF FUNDS
AF
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]9
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------- -------------------------------------------------------------
- ---------------------------- --------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY OWNED BY EACH 280 Units
REPORTING PERSON WITH
8 SHARED VOTING POWER
9 SOLE DISPOSITIVE POWER
280 Units
10 SHARED DISPOSITIVE POWER
- ---------------------------- --------------------------------------------------
- ----------------- -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
280 Units
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN
SHARES [ ]10
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 4.7% (Based on 5,941 Units reported
as outstanding as of June 30, 1997)
- ----------------- -------------------------------------------------------------
- ----------------- -------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- ----------------- -------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT !
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
This Amendment No. 3 amends the Schedule 13D filed with the Commission on April
30, 1997, as amended on November 3, 1997, and further amended on December 5,
1997, (the "Schedule 13D"). This Amendment No. 3 is filed to correct an error in
the filing parties on the signature page of Amendment No. 2 to Schedule 13D.
Capitalized terms used but not defined herein have the meanings given to them in
the Schedule 13D.
<PAGE>
SIGNATURES
After due 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: December 11, 1997
EVEREST/MADISON INVESTORS, LLC
By: EVEREST PROPERTIES, LLC, Manager
By: /s/ W. ROBERT KOHORST
--------------------------
W. Robert Kohorst
President
EVEREST LODGING INVESTORS, LLC
By: EVEREST PROPERTIES II, LLC, Manager
By: /s/ W. ROBERT KOHORST
--------------------------
W. Robert Kohorst
President
EVEREST PROPERTIES, LLC
By: /s/ W. ROBERT KOHORST
--------------------------
W. Robert Kohorst
President
EVEREST PARTNERS, LLC
By: /s/ W. ROBERT KOHORST
--------------------------
W. Robert Kohorst
President
