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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 and 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) August 26, 1996
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SIGNATURE INNS, INC.
(Exact name of Registrant as specified in charter)
Indiana 0-9659 35-1426996
(State or other jurisdic- (Commission (IRS Employer
tion of incorporation) File Number) Identification No.)
250 East 96th Street, Suite 450, Indianapolis, Indiana 46240
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (317) 581-1111
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N/A
(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
The Company issued the following press release today regarding its plan to
acquire full ownership of all Signature Inn hotels:
FOR IMMEDIATE RELEASE
AUGUST 26, 1996
SIGNATURE INNS, INC. ANNOUNCES PLANS FOR THE ACQUISITION OF PARTNERSHIP OWNED
SIGNATURE INNS HOTELS
INDIANAPOLIS, INDIANA
Signature Inns, Inc. announced today that it is proceeding with a plan to
acquire full ownership of the Signature Inn hotels which are now owned by the
Company's affiliated partnerships and joint ventures. The Company believes
these acquisitions will be beneficial both to its partners and to its
shareholders. The Company proposes to finance the acquisitions by means of
a public offering of its common stock to be commenced in the fall of 1996.
Any offering will be made only by means of a prospectus.
Currently the company operates 23 Signature Inns in six Midwestern states. All
Signature Inns are owned by limited partnerships or joint ventures in which the
Company also has an ownership interest and serves as the general partner or
managing partner.
The first Signature Inn opened in March 1981, when the Company introduced the
mid-priced lodging segment. Signature Inns provide luxury accommodations at
moderate prices with amenities such as a swimming pool, a free continental
breakfast, business center, a Signature Club program, and many other amenities
designed for both business and leisure travelers. The Company's commitment to
continued refurbishing and its unique "legendary service program" has enabled
the hotels and concept to stay fresh and viable.
* * * * *
Also today, John D. Bontreger, President and Chief Executive Officer of the
Company, mailed a letter to all shareholders of the Company conveying the text
of the press release.
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Signature
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.
Signature Inns, Inc.
(Registrant)
By: s/
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John D. Bontreger, President and
Chief Executive Officer
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