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 22, 1999
Super 8 Motels III, Ltd., a California limited partnership
(Exact name of registrant as specified in its charter)
California 0-10134 94-2664921
(State or other (Commission (IRS Employer
jurisdiction File Number) Identification No.)
of incorporation)
2030 J Street, Sacramento, CA 95814
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 916-442-9183
N/A
(Former name or former address, if changed since last report)
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Item 2. ACQUISITION OR DISPOSTION OF ASSETS.
On February 22, 1999, the Partnership sold its motel and related assets located
in San Bernardino, California for cash in the amount of $1,600,000 and its motel
and related assets located in Bakersfield, California for cash in the amount of
$1,300,000. Each purchase price is equal to the appraised fair market value of
the respective motel as of January 1, 1998 as determined by an independent
appraiser. The properties were purchased by Tiburon Hospitality LLC, a
California limited liability company in which Mark Grotewohl has a 50% profits
interest. Mark Grotewohl is the son of the two owners of the registrant's
general partner.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS.
a. Financial statements of businesses acquired.
Inapplicable.
b. Pro forma financial information.
To be provided upon availability.
c. Exhibits.
10.1 Purchase and Sale Agreement dated as of April 30, 1998, previously
filed as Exhibit 10.1 to Amendment No. 4 to the Schedule 14A filed by
the registrant on November 2, 1998, is hereby incorporated as an
exhibit herein by this reference.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SUPER 8 MOTELS III, LTD.,
a California limited partnership
Date: March 3, 1999 By: Grotewohl Management Services, Inc.,
General Partner
By: /s/ Philip B. Grotewohl
Philip B. Grotewohl,
President
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