[LIVE]
<PAGE>
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the Quarter ended March 31, 1996 Commission File Number 0-9659
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SIGNATURE INNS, INC.
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(Exact name of registrant as specified in its charter)
Indiana 35-1426996
--------------------------------- -----------------------------------
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
250 East 96th Street, Suite 450, Indianapolis, Indiana 46240
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code (317) 581-1111
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Check whether the Registrant (1) has filed all reports required to be filed
by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months, and (2) has been subject to such filing requirements for
the past 90 days.
Yes X No
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7,784,327 Common Shares were outstanding as of May 7, 1996.
<PAGE>
SIGNATURES
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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 thereunto duly authorized.
SIGNATURE INNS, INC.
Date May 7, 1996 By:
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John D. Bontreger, President and C.E.O.
Date May 7, 1996 By:
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Mark D. Carney, Vice President Finance
and C.F.O.
Date May 7, 1996 By:
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Martin D. Brew, Treasurer/Controller
<PAGE>
EXHIBIT INDEX
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FINANCIAL DATA SCHEDULE EXHIBIT 27
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Consolidated Balance Statement and Consolidated Statement of Operations of
Signature Inns, Inc. as of and for the three months ended March 31, 1996, and
is qualified in its entirety by reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> MAR-31-1996
<CASH> 2,273,202
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 2,943,254
<PP&E> 3,846,610
<DEPRECIATION> 5,149,403
<TOTAL-ASSETS> 17,325,940
<CURRENT-LIABILITIES> 1,529,498
<BONDS> 10,649,603
0
0
<COMMON> 5,146,839
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 17,325,940
<SALES> 0
<TOTAL-REVENUES> 1,815,343
<CGS> 0
<TOTAL-COSTS> 1,426,579
<OTHER-EXPENSES> (28,220)
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 270,246
<INCOME-PRETAX> 146,738
<INCOME-TAX> 0
<INCOME-CONTINUING> 146,738
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 146,738
<EPS-PRIMARY> .02
<EPS-DILUTED> .02
</TABLE>
