<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)(1)
STARWOOD LODGING TRUST
STARWOOD LODGING CORPORATION
-----------------------------------------------------------
(Name of issuer)
SHARES OF BENEFICIAL INTEREST, $.01 PAR VALUE
SHARES OF COMMON STOCK, $.01 PAR VALUE
-----------------------------------------------------------
(Title of class of securities)
855905 10 5
-----------------------------------------------------------
(CUSIP number)
MADISON F. GROSE
STARWOOD CAPITAL GROUP, L.P.
THREE PICKWICK PLAZA, SUITE 250
GREENWICH, CONNECTICUT 06830
(203) 861-2100
-----------------------------------------------------------
(Name, address and telephone number of person
authorized to receive notices and communications)
JANUARY 23, 1996
-----------------------------------------------------------
(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
/ /
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.
(Continued on following pages)
(Page 1 of 43 Pages)
- --------------
(1) 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 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> 2
SCHEDULE 13D
- ----------------------------- --------------------------------
CUSIP NO. 855905 10 5 PAGE 2 OF 43 PAGES
- ----------------------------- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Berl Holdings L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(c) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING ----------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
1,104,773
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON / /
1,104,773
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 8.0% of the Paired Shares outstanding as of September
30, 1995.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*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> 3
SCHEDULE 13D
- ----------------------------- --------------------------------
CUSIP NO. 855905 10 5 PAGE 3 OF 43 PAGES
- ----------------------------- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Starwood-Apollo Hotel Partners VIII, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(c) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING ----------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
218,576
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON / /
218,576
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 1.6% of the Paired Shares outstanding as of September
30, 1995.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*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> 4
SCHEDULE 13D
- ----------------------------- --------------------------------
CUSIP NO. 855905 10 5 PAGE 4 OF 43 PAGES
- ----------------------------- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Starwood-Apollo Hotel Partners IX, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(c) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING ----------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
174,861
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON / /
174,861
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 1.3% of the Paired Shares outstanding as of September
30, 1995.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*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> 5
SCHEDULE 13D
- ----------------------------- --------------------------------
CUSIP NO. 855905 10 5 PAGE 5 OF 43 PAGES
- ----------------------------- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Starwood-Nomura Hotel Investors, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(c) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING ----------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
875,876
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON / /
875,876
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 6.3% of the Paired Shares outstanding as of September
30, 1995.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*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> 6
SCHEDULE 13D
- ----------------------------- --------------------------------
CUSIP NO. 855905 10 5 PAGE 6 OF 43 PAGES
- ----------------------------- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Starwood/Wichita Investors, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(c) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING ----------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
355,364
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON / /
355,364
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 2.6% of the Paired Shares outstanding as of September
30, 1995.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*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> 7
SCHEDULE 13D
- ----------------------------- --------------------------------
CUSIP NO. 855905 10 5 PAGE 7 OF 43 PAGES
- ----------------------------- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Starwood-Huntington Partners, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(c) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING ----------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
99,671
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON / /
99,671
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 0.7% of the Paired Shares outstanding as of September
30, 1995.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*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> 8
SCHEDULE 13D
- ----------------------------- ------------------------------
CUSIP NO. 855905 10 5 PAGE 8 OF 43 PAGES
- ----------------------------- ------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Woodstar Partners I, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(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(c) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES --------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING --------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
1,104,773
--------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON / /
1,104,773
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 8.0% of the Paired Shares outstanding as of
September 30, 1995.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*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> 9
SCHEDULE 13D
- ---------------------------- ------------------------------
CUSIP NO. 855905 10 5 PAGE 9 OF 43 PAGES
- ---------------------------- ------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Firebird Consolidated Partners, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(c) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES --------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING --------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
813,880
--------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON / /
813,880
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 5.9% of the Paired Shares outstanding as of September
30, 1995.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*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> 10
SCHEDULE 13D
- ---------------------------- ------------------------------
CUSIP NO. 855905 10 5 PAGE 10 OF 43 PAGES
- ---------------------------- ------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Starwood Opportunity Fund II, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(c) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 49,933
SHARES
BENEFICIALLY -------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING -0-
PERSON
WITH -------------------------------------------
9 SOLE DISPOSITIVE POWER
1,104,773
-------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON / /
1,104,773
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 8.0% of the Paired Shares outstanding as of September
30, 1995.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*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> 11
SCHEDULE 13D
- ----------------------------- --------------------------------
CUSIP NO. 855905 10 5 PAGE 11 OF 43 PAGES
- ----------------------------- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barry S. Sternlicht
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(c) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 69,993
SHARES ----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING ----------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
1,104,773
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON / /
1,104,773
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 8.0% of the Paired Shares outstanding as of September
30, 1995.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*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> 12
SCHEDULE 13D
- ----------------------------- --------------------------------
CUSIP NO. 855905 10 5 PAGE 12 OF 43 PAGES
- ----------------------------- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Starwood Capital Group, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(c) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING ----------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
1,104,773
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON / /
1,104,773
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 8.0% of the Paired Shares outstanding as of September
30, 1995.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*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> 13
SCHEDULE 13D
- --------------------- -------------------
CUSIP No. 855905 10 5 Page 13 of 43 Pages
- --------------------- -------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Berl Holdings I, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(c) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
-----------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY -----------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 1,104,773
WITH -----------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON / /
1,104,773
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 8.0% of the Paired Shares outstanding as of
September 30, 1995.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*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> 14
SCHEDULE 13D
- --------------------- -------------------
CUSIP No. 855905 10 5 Page 14 of 43 Pages
- --------------------- -------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SAHI, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(c) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
-----------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY -----------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
WITH -----------------------------------------------
10 SHARED DISPOSITIVE POWER
393,436
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON / /
393,436
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 2.9% of the Paired Shares outstanding as of
September 30, 1995.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*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> 15
SCHEDULE 13D
- --------------------- -------------------
CUSIP No. 855905 10 5 Page 15 of 43 Pages
- --------------------- -------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SNHI, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(c) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
-----------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY -----------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 875,876
WITH -----------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON / /
875,876
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 6.3% of the Paired Shares outstanding as of
September 30, 1995.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*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> 16
SCHEDULE 13D
- --------------------- -------------------
CUSIP No. 855905 10 5 Page 16 of 43 Pages
- --------------------- -------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SRL Holdings, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(c) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
-----------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY -----------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 99,671
WITH -----------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON / /
99,671
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 0.7% of the Paired Shares outstanding as of
September 30, 1995.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*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> 17
SCHEDULE 13D
- --------------------- -------------------
CUSIP No. 855905 10 5 Page 17 of 43 Pages
- --------------------- -------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BSS Capital Partners, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(c) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
-----------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY -----------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 1,104,773
WITH -----------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON / /
1,104,773
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 8.0% of the Paired Shares outstanding as of
September 30, 1995.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*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> 18
SCHEDULE 13D
- --------------------- -------------------
CUSIP No. 855905 10 5 Page 18 of 43 Pages
- --------------------- -------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sternlicht Holdings II, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(c) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
-----------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY -----------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 1,104,773
WITH -----------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON / /
1,104,773
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 8.0% of the Paired Shares outstanding as of
September 30, 1995.
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*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> 19
Page 19 of 43 Pages
ITEM 1. SECURITY AND ISSUER.
This Amendment No. 1. (this "Amendment") amends and supplements the
Statement on Schedule 13D (the "Schedule 13D") originally filed with the
Commission on January 31, 1995 by Berl Holdings L.P. ("Berl Holdings"),
Starwood-Apollo Hotel Partners VIII, L.P. ("Starwood Apollo VIII"),
Starwood-Apollo Hotel Partners IX, L.P. ("Starwood Apollo IX"), Starwood-Nomura
Hotel Investors, L.P. ("Starwood Nomura"), Starwood/Wichita Investors, L.P.
("Starwood Wichita"), Starwood-Huntington Partners, L.P. ("Starwood
Huntington"), Woodstar Partners I, L.P. ("Woodstar"), Firebird Consolidated
Partners, L.P. ("Firebird"), Starwood Opportunity Fund II, L.P. ("SOFI II"),
Mr. Barry S. Sternlicht ("Sternlicht") and Starwood Capital Group, L.P.
("Starwood Capital"), with respect to shares of Beneficial Interest, par value
$.01 per share ("Trust Shares"), of Starwood Lodging Trust (formerly, Hotel
Investors Trust) (the "Trust") and shares of Common Stock, par value $.01 per
share ("Corporation Shares"), of Starwood Lodging Corporation (formerly, Hotel
Investors Corporation) (the "Corporation" and, together with the Trust, the
"Company"). Capitalized terms used but not defined in this Amendment No. 1
have the meanings ascribed to them in the Schedule 13D.
ITEM 2. IDENTITY AND BACKGROUND.
The first paragraph of Item 2 is deleted in its entirety and replaced
with the following:
This Schedule is filed by Berl Holdings L.P. ("Berl
Holdings"), Starwood-Apollo Hotel Partners VIII, L.P. ("Starwood
Apollo VIII"), Starwood-Apollo Hotel Partners IX, L.P. ("Starwood
Apollo IX"), Starwood-Nomura Hotel Investors, L.P. ("Starwood
Nomura"), Starwood/Wichita Investors, L.P. ("Starwood Wichita"),
Starwood-Huntington Partners, L.P. ("Starwood Huntington"), Woodstar
Partners I, L.P. ("Woodstar"), Firebird Consolidated Partners, L.P.
("Firebird"), Starwood Opportunity Fund II, L.P. ("SOFI II"), Mr.
Barry S. Sternlicht ("Sternlicht" or "Mr. Sternlicht"), Starwood
Capital Group, L.P. ("Starwood Capital"), Berl Holdings I, Inc., SAHI,
Inc., SNHI, Inc., BSS Capital Partners, L.P., Sternlicht Holdings II,
Inc. and SRL Holdings, Inc. Berl Holdings, Starwood Apollo VIII,
Starwood Apollo IX, Starwood Nomura, Starwood Wichita, Starwood
Huntington, Woodstar, Firebird, SOFI II, Mr. Sternlicht, Starwood
Capital, Berl Holdings I, Inc., SAHI, Inc., SNHI, Inc., BSS Capital
Partners, L.P., Sternlicht Holdings II, Inc. and SRL Holdings, Inc.
are collectively referred to herein as the "Filing Parties."
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The following paragraph is added after the third paragraph of Item 3:
In addition, in March, 1995, Firebird acquired the Senior Debt
from MLMC. On such date, it exchanged $12,000,000 of such Senior Debt
for 813,880 Units, as contemplated by the Formation Agreement. The
balance was subsequently repaid by the Company.
The table set forth after the third paragraph of Item 3 is deleted in
its entirety and replaced with the following:
<PAGE> 20
Page 20 of 43 Pages
<TABLE>
<CAPTION>
Filing Person Number of Units
------------- ---------------
<S> <C>
Berl Holdings 2,295,063
Starwood Apollo VIII 218,576
Starwood Apollo IX 174,861
Starwood Nomura 875,876
Starwood Wichita 355,364
Starwood Huntington 99,671
Woodstar 1,110,286
Firebird 813,880
SOFI II -0-
Sternlicht -0-
Starwood Capital -0-
Berl GP -0-
SAHI -0-
SNHI -0-
SRL -0-
BSS -0-
Sternlicht Holdings -0-
-------------
Total Units Issued to Filing Persons 5,943,576
</TABLE>
The number of Units set forth above reflects a six-for-one
reverse split of the Paired Shares described in Item 4.
The sixth paragraph of Item 3 is deleted in its entirety.
The eighteenth and nineteenth paragraphs of Item 3 are deleted in
their entirety and replaced with the following:
Except for Woodstar and Firebird, in the Reorganization each
of the Filing Persons which received Units in the Reorganization
contributed to the Partnerships hotel properties and first mortgage
notes, hotel furnishings and equipment in exchange for the Units
issued to it. Woodstar contributed cash to the Partnerships for the
Units issued to it. Such cash came from capital contributions from
Woodstar's partners. Firebird contributed the Senior Debt which it
acquired from MLMC.
Prior to the Reorganization, SOFI II purchased in open market
transactions 49,933 Paired Shares for aggregate consideration of
$872,773 from its own funds.
In connection with the Offering (as such term is defined in
Item 4 below), Mr. Sternlicht purchased 20,000 Paired Shares for
aggregate consideration of $460,000 from his own funds.
ITEM 4. PURPOSE OF TRANSACTION
The following paragraph is added after the second paragraph of Item 4:
<PAGE> 21
Page 21 of 43 Pages
Each of the Filing Persons' primary interest is to maximize
the value of its investment in the Company and has acquired its Units
and/or Paired Shares for investment. To this end, each Filing Person
intends continually to review the Company's business affairs and
financial position and future prospects as well as conditions in the
securities markets and general economic conditions. Based on such
evaluation and review and other factors, each Filing Person will
continue to consider various alternative courses of action and will in
the future take such actions with respect to its equity ownership in
the Company as it deems appropriate in light of the circumstances
existing from time to time. Such actions may include making
recommendations to management concerning various business strategies,
acquisitions, dividend policies and other matters, or such other
actions as such Filing Person may deem appropriate. Such actions may
involve the purchase of additional Units or Paired Shares or,
alternatively, may involve the sale of all or a portion of the Units
or Paired Shares beneficially owned by such Filing Person in the open
market or in privately negotiated transactions to one or more
purchasers.
The second and third sentences of the fourth paragraph in Item 4 are
deleted in their entirety and replaced with the following:
In May, 1995, Starwood Capital acquired an interest in Westin Hotel
Company and certain of its affiliates ("Westin"), in a joint venture
with an affiliate of Goldman, Sachs & Co. The Company agreed, as part
of the Reorganization, that Starwood Capital's interest in Westin
would not be contributed to the Partnerships by Starwood Capital and
would constitute an Existing Acquisition and not be subject to the
Noncompetition Agreement described above. Also in May, 1995, the
Company and Starwood Capital entered into an agreement with Westin
pursuant to which Westin has agreed that, subject to certain
exceptions and limitations, Westin will not acquire or seek to acquire
United States hotel equity interests.
The sixth paragraph in Item 4 is deleted in its entirety and replaced
with the following:
Reverse Split. In connection with the Reorganization, the
Trust and the Corporation effected a six-for-one reverse split of the
Paired Shares, effective in June, 1995.
The tenth and eleventh paragraphs in Item 4 are deleted in their
entirety and replaced with the following:
The Offering. On June 29, 1995, the Trust and the Corporation
consummated a public offering of 11,787,500 Paired Shares (the
"Offering"). In connection with the Offering, the Filing Parties
agreed that they will not offer, sell, contract to sell or otherwise
dispose of any Units or Paired Shares acquired in exchange for Units
for a period of one year after the consummation of the Offering
without the consent of the managing underwriter, the Trust and the
Corporation.
In connection with the Offering, the Trust and the Corporation
paid to Starwood Capital a fee of approximately $3.5 million, as
agreed pursuant to the Reorganization.
The twelfth paragraph in Item 4 is deleted in its entirety and
replaced with the following:
Operation of the Partnerships. After the Reorganization, the
Trust will be the sole general partner of, and will conduct all of its
business and operations through, the Realty Partnership. After the
receipt of Gaming Approval, the Corporation will be the managing
general partner of, and will conduct all of its business and
operations through, the Operating Partnership. The Trust and the
Corporation will have full and complete power, authority and
discretion to take all action necessary or appropriate to carry out
the business of the Realty Partnership and the Operating Partnership,
respectively.
The thirteenth, fourteenth, sixteenth and seventeenth paragraphs in
Item 4 are deleted in their entirety.
<PAGE> 22
Page 22 of 43 Pages
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
The first and second paragraphs of Item 5 are deleted in its entirety
and replaced with the following:
(a) At the date hereof, each of the Filing Persons
beneficially owned the number of Paired Shares set forth opposite its
name below:
<TABLE>
<CAPTION>
Number of Percentage of Paired
Filing Person Paired Shares Shares Outstanding
------------- ------------- ---------------------
<S> <C> <C>
Berl Holdings/ 1,104,773 8.0%
Berl GP
Starwood Apollo VIII/ 218,576 1.6%
SAHI
Starwood Apollo IX/ 174,861 1.3%
SAHI
Starwood Nomura/ 875,876 6.4%
SNHI
Starwood Wichita 355,364 2.6%
Starwood Huntington/ 99,671 0.7%
SRL
Woodstar 1,104,773 8.0%
Firebird 813,880 5.9%
SOFI II 1,104,773 8.0%
Starwood Capital/ 1,104,773 8.0%
BSS/ Sternlicht
Holdings
Sternlicht 1,104,773 8.0%
</TABLE>
Except for 49,933 of the 1,104,773 Paired Shares beneficially
owned by SOFI II and 20,000 of the 1,104,773 Paired Shares beneficially
owned by Mr. Sternlicht, the Paired Shares listed above are owned by
virtue of the ownership of Units which are exchangeable into Paired
Shares as described in Item 3.
The following paragraph is inserted after the third paragraph of Item
5:
In addition, prior to the receipt of Gaming Approval, a Filing
Party must, as a condition to tender of Units, give not less than 90
days' notice to the Trust and the Corporation of its intent to tender
Units which would result in such Filing Party beneficially owning in
excess of 4.9% of the outstanding Paired Shares. After receipt of
Gaming Approval, no such 90-day notice will be required. The Filing
Parties have agreed with the Nevada Gaming Authority that prior to
such time as the required licenses and approvals are obtained or are
no longer required, they will not own, directly or indirectly, more
than 4.9% of the issued and outstanding Paired Shares at any time.
The fourth through the fifteenth paragraphs of Item 5 are deleted in
their entirety and replaced with the following:
<PAGE> 23
Page 23 of 43 Pages
Berl Holdings/Berl GP. Berl Holdings owns 2,295,063 Units
which are, subject to the Ownership Limit, exchangeable for 2,295,063
Paired Shares (representing approximately 16.6% of the outstanding
Paired Shares, assuming exchange of all of the Units owned by Berl
Holdings (and no exchange of Units by any other Filing Party),
irrespective of the Ownership Limit). Because of the Ownership Limit,
Berl Holdings cannot exchange Units for, or otherwise hold, more than
8.0% of the outstanding Paired Shares; accordingly, this Schedule
reports the beneficial ownership by Berl Holdings of 1,104,773 Paired
Shares (the maximum number of Paired Shares that Berl Holdings may
acquire within the Ownership Limit, assuming that no other Filing Party
beneficially owns Paired Shares at the time of such exchange). Berl
GP, by virtue of being the general partner of Berl Holdings, may be
deemed to beneficially own the Paired Shares beneficially owned by Berl
Holdings.
Starwood Apollo VIII/SAHI. Starwood Apollo VIII owns 218,576
Paired Shares issuable upon exchange of the 218,576 Units held by
Starwood Apollo VIII, assuming that such issuance does not violate the
Ownership Limit at the time of such exchange (such Paired Shares
represent approximately 1.6% of the outstanding Paired Shares,
assuming exchange of all of the units owned by Starwood Apollo VIII
(and no exchange of Units by any other Filing Party). Each of SAHI
and AP-VIII, by virtue of being a general partner of Starwood Apollo
VIII, may be deemed to beneficially own the Paired Shares beneficially
owned by Starwood Apollo VIII. AP-VIII is not a Filing Party, is not
controlled by any of the Filing Parties, and is not part of the group
which the Filing Parties comprise.
Starwood Apollo IX/SAHI. Starwood Apollo IX owns 174,861
Paired Shares issuable upon exchange of the 174,861 Units held by
Starwood Apollo IX, assuming that such issuance does not violate the
Ownership Limit at the time of such exchange (such Paired Shares
represent approximately 1.3% of the outstanding Paired Shares, assuming
exchange of all of the Units owned by Starwood Apollo IX (and no
exchange of Units by any other Filing Party)). Each of SAHI and AP-IX,
by virtue of being a general partner of Starwood Apollo IX, may be
deemed to beneficially own the Paired Shares beneficially owned by
Starwood Apollo IX. AP-IX is not a Filing Party, is not controlled by
any of the Filing Parties, and is not part of the group which the
Filing Parties comprise.
Starwood Nomura/SNHI. Starwood Nomura owns 875,876 Paired
Shares issuable upon exchange of the 875,876 Units held by Starwood
Nomura, assuming that such issuance does not violate the Ownership
Limit at the time of such exchange (such Paired Shares represent
approximately 6.4% of the outstanding Paired Shares, assuming exchange
of all of the Units owned by Starwood Nomura (and no exchange of Units
by any other Filing Party)). SNHI, by virtue of being the general
partner of Starwood Nomura, may be deemed to beneficially own the
Paired Shares beneficially owned by Starwood Nomura.
Starwood Wichita. Starwood Wichita owns 355,364 Paired Shares
issuable upon exchange of the 355,364 Units held by Starwood Wichita,
assuming that such issuance does not violate the Ownership Limit at
the time of such exchange (such Paired Shares represent approximately
2.6% of the outstanding Paired Shares, assuming exchange of all of the
Units owned by Starwood Wichita (and no exchange of Units by any other
Filing Party)). Each of SOFI II (by virtue of being a general partner
of Starwood Wichita), Starwood Capital (by virtue of being a general
partner of SOFI II), BSS (by virtue of being a general partner of
Starwood Capital) and Sternlicht Holdings (by virtue of being the
general partner of BSS) may be deemed to beneficially own the Paired
Shares beneficially owned by Starwood Wichita.
<PAGE> 24
Page 24 of 43 Pages
Starwood Huntington/SRL. Starwood Huntington owns 99,671
Paired Shares issuable upon exchange of the 99,671 Units held by
Starwood Huntington, assuming that such issuance does not violate the
Ownership Limit at the time of such exchange (such Paired Shares
represent approximately 0.7% of the outstanding Paired Shares, assuming
exchange of all of the Units owned by Starwood Huntington (and no
exchange of Units by any other Filing Party)). SRL, by virtue of being
a general partner of Starwood Huntington, may be deemed to beneficially
own the Paired Shares beneficially owned by Starwood Huntington.
Woodstar. Woodstar owns 1,110,286 Units which are, subject to
the Ownership Limit, exchangeable for 1,110,286 Paired Shares
(representing approximately 8.04% of the outstanding Paired Shares,
assuming exchange of all of the Units owned by Woodstar, irrespective
of the Ownership Limit (and no exchange of Units by any other Filing
Party)). Because of the Ownership Limit, Woodstar cannot exchange
Units for, or otherwise hold, more than 8.0% of the outstanding Paired
Shares; accordingly, this Schedule reports the beneficial ownership by
Woodstar of 1,104,773 Paired Shares (the maximum number of Paired
Shares that Woodstar may acquire within the Ownership Limit, assuming
that no other Filing Party beneficially owns Paired Shares at the time
of such exchange). Each of Starwood Capital (by virtue of being a
general partner of Woodstar), BSS (by virtue of being a general
partner of Starwood Capital) and Sternlicht Holdings (by virtue of
being the general partner of BSS) may be deemed to beneficially own
the Paired Shares beneficially owned by Woodstar.
Firebird. Firebird owns 813,880 Paired Shares issuable upon
exchange of the 813,880 Units held by Firebird, assuming that such
issuance does not violate the Ownership Limit at the time of such
exchange (such Paired Shares represent approximately 5.9% of the
outstanding Paired Shares, assuming exchange of all of the Units owned
by Firebird (and no exchange of Units by any other Filing Party)).
Each of SOFI II (by virtue of being a general partner of Firebird),
Starwood Capital (by virtue of being the general partner of SOFI II),
BSS (by virtue of being a general partner of Starwood Capital) and
Sternlicht Holdings (by virtue of being the general partner of BSS)
may be deemed to beneficially own the Paired Shares beneficially owned
by Firebird.
SOFI II. SOFI II directly owns 49,933 Paired Shares (such
Paired Shares represent approximately 0.4% of the outstanding Paired
Shares) and, by virtue of its control of Starwood Wichita and Firebird,
may be deemed to beneficially own the Paired Shares beneficially owned
by such entities. Each of Starwood Capital (by virtue of being the
general partner of SOFI II), BSS (by virtue of being a general partner
of Starwood Capital) and Sternlicht Holdings (by virtue of being the
general partner of BSS) may be deemed to beneficially own the Paired
Shares beneficially owned by SOFI II.
Starwood Capital. By virtue of its control of SOFI II and
Woodstar, Starwood Capital may be deemed to beneficially own the Paired
Shares beneficially owned by such entities.
BSS/Sternlicht Holdings. By virtue of BSS's control of
Starwood Capital and Sternlict Holding's control of BSS, each may be
deemed to beneficially own the Paired Shares beneficially owned by
Starwood Capital.
Sternlicht. By virtue of his control of Berl GP (a general
partner of Berl Holdings), SAHI (a general partner of Starwood Apollo
VIII and Starwood Apollo IX), SNHI (a general partner of Starwood
Nomura), Sternlicht Holdings (a general partner of BSS, which is a
general partner of SOFI II (the general partner of Starwood Wichita
and Firebird) and Starwood Capital (a general partner of SOFI II and
Woodstar)), SRL (a general partner of Starwood Huntington), Mr.
Sternlicht may be deemed to beneficially own the Paired Shares
beneficially owned by Berl Holdings, Starwood Apollo VIII, Starwood
Apollo IX, Starwood Nomura, Starwood Wichita, Starwood Huntington,
Woodstar, Firebird and SOFI II (i.e., all of the Paired Shares
reported by such Filing Parties in this Schedule). Because of the
Ownership Limit, Mr. Sternlicht cannot
<PAGE> 25
Page 25 of 43 Pages
own more than 1,104,773 Paired Shares (such amount representing 8.0%
of the outstanding Paired Shares, the maximum number of Paired Shares
that Mr. Sternlicht may acquire within the Ownership Limit).
The Filing Persons may act as a group with respect to the
Paired Shares reported in this Schedule. As a result of the Ownership
Limit, the Filing Parties as a group cannot own more than 1,104,773
Paired Shares (such amount representing 8.0% of the outstanding Paired
Shares, the maximum number of Paired Shares that the Filing Parties as
a group may acquire within the Ownership Limit).
(b) Mr. Sternlicht has the sole power to vote, or direct
the vote of, 20,000 Paired Shares reported herein as beneficially
owned by him. SOFI II has sole power to vote, or direct the vote of,
the 49,933 Paired Shares reported herein as beneficially owned by it.
Because Mr. Sternlicht controls Sternlicht Holdings (the general
partner of BSS, which is the general partner of Starwood Capital,
which is the general partner of SOFI II), Mr. Sternlicht also has the
power to vote or direct the vote of such 49,933 Paired Shares. Other
than such 69,933 Paired Shares, in aggregate, none of the Filing
Parties has any power to vote or direct the vote of any Paired Shares
reported in this Schedule because none of the Paired Shares reported
in this Schedule (other than such 49,933 Paired Shares) is outstanding
or entitled to vote. Each of the Filing Parties has sole dispositive
power with respect to the Paired Shares reported in this Schedule as
beneficially owned by it.
The following sentence is inserted after the sixteenth paragraph of
Item 5:
In connection with the Offering, Mr. Madison Grose, an Executive Vice
President of Sternlicht Holdings, purchased, for his own account, 1,200
Paired Shares (for a purchase price of $23.00 per Paired Share). Such
Paired Shares purchased by Mr. Grose are not reported herein as
beneficially owned by any of the Filing Parties.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
The first, second and third paragraphs in Item 6 are deleted in their
entirety and replaced with the following:
The information set forth in Items 3 and 5 is incorporated
herein.
On November 7, 1994, Starwood Capital received an assignment
of certain claims (the "Assigned Claims") of Leonard M. Ross and his
affiliates ("Ross"), who at that time held approximately 9.8% of the
outstanding Paired Shares. Starwood Capital and Ross agreed to a
put-call under which, if exercised during the 60-day period beginning
on December 15, 1995, Starwood Capital would purchase the 198,398
Paired Shares held by Ross at a price of $33.75 per Paired Share, plus
certain other amounts.
Ross exercised its option on January 2, 1996. The subject
shares were purchased on January 2, 1996 by a third party, thereby
satisfying Starwood Capital's purchase obligation, and none were
purchased
<PAGE> 26
Page 26 of 43 Pages
by Starwood Capital. As a result, at the date hereof, such Paired
Shares are not beneficially owned by Starwood Capital or any other
Filing Party.
As part of the Reorganization, the Trust and the Corporation
agreed to indemnify and hold harmless the Filing Parties and their
affiliates against liabilities, losses or damages and reasonable
out-of-pocket expenses under or in respect of the Assignment Agreement
up to $1,800,000. In connection with the sale by Ross of the 198,398
Paired Shares, the Corporation's out-of-pocket expenses were
approximately $1,170,000 and remain subject to insurance proceeds.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
<PAGE> 27
Page 27 of 43 Pages
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.
January 23, 1996
BERL HOLDINGS L.P.
By: BERL HOLDINGS I, INC.,
general partner
By: /s/ Barry S. Sternlicht
-----------------------
<PAGE> 28
Page 28 of 43 Pages
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.
January 23, 1996
STARWOOD-APOLLO HOTEL PARTNERS
VIII, L.P.
By: SAHI, INC.,
general partner
By: /s/ Barry S. Sternlicht
-----------------------
<PAGE> 29
Page 29 of 43 Pages
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.
January 23, 1996
STARWOOD-APOLLO HOTEL PARTNERS IX, L.P.
By: SAHI, INC.,
general partner
By: /s/ Barry S. Sternlicht
-----------------------
<PAGE> 30
Page 30 of 43 Pages
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.
January 23, 1996
STARWOOD-NOMURA HOTEL INVESTORS, L.P.
By: SNHI, INC.,
general partner
By: /s/ Barry S. Sternlicht
-----------------------
<PAGE> 31
Page 31 of 43 Pages
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.
January 23, 1996
STARWOOD-WICHITA INVESTORS, L.P.
By: STARWOOD OPPORTUNITY FUND, II, L.P.,
general partner
By: STARWOOD CAPITAL GROUP, L.P.,
general partner
By: BSS CAPITAL PARTNERS, L.P.,
general partner
By: STERNLICHT HOLDINGS II, INC.,
general partner
By: /s/ Barry S. Sternlicht
-----------------------
<PAGE> 32
Page 32 of 43 Pages
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.
January 23, 1996
STARWOOD-HUNTINGTON PARTNERS, L.P.
By: SRL HOLDINGS, INC.,
general partner
By: /s/ Barry S. Sternlicht
-----------------------
<PAGE> 33
Page 33 of 43 Pages
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.
January 23, 1996
WOODSTAR PARTNERS I, L.P.
By: STARWOOD CAPITAL GROUP, L.P.
general partner
By: BSS CAPITAL PARTNERS, L.P.
general partner
By: STERNLICHT HOLDINGS II, INC.,
general partner
By: /s/ Barry S. Sternlicht
-----------------------
<PAGE> 34
Page 34 of 43 Pages
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.
January 23, 1996
FIREBIRD CONSOLIDATED PARTNERS, L.P.
By: STARWOOD OPPORTUNITY FUND II, L.P.,
general partner
By: STARWOOD CAPITAL GROUP, L.P.,
general partner
By: BSS CAPITAL PARTNERS, L.P.,
general partner
By: STERNLICHT HOLDINGS II, INC.,
general partner
By: /s/ Barry S. Sternlicht
-----------------------
<PAGE> 35
Page 35 of 43 Pages
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.
January 23, 1996
STARWOOD OPPORTUNITY FUND II, L.P.,
general partner
By: STARWOOD CAPITAL GROUP, L.P.,
general partner
By: BSS CAPITAL PARTNERS, L.P.,
general partner
By: STERNLICHT HOLDINGS II, INC.,
general partner
By: /s/ Barry S. Sternlicht
-----------------------
<PAGE> 36
Page 36 of 43 Pages
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.
January 23, 1996
STARWOOD CAPITAL GROUP, L.P.,
general partner
By: BSS CAPITAL PARTNERS, L.P.,
general partner
By: STERNLICHT HOLDINGS II, INC.,
general partner
By: /s/ Barry S. Sternlicht
-----------------------
<PAGE> 37
Page 37 of 43 Pages
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.
January 23, 1996
/s/ Barry S. Sternlicht
-----------------------
Barry S. Sternlicht
<PAGE> 38
Page 38 of 43 Pages
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.
January 23, 1996
BERL HOLDINGS I, INC.,
general partner
By: /s/ Barry S. Sternlicht
-----------------------
<PAGE> 39
Page 39 of 43 Pages
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.
January 23, 1996
SAHI, INC.,
general partner
By: /s/ Barry S. Sternlicht
-----------------------
<PAGE> 40
Page 40 of 43 Pages
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.
January 23, 1996
SNHI, INC.,
general partner
By: /s/ Barry S. Sternlicht
-----------------------
<PAGE> 41
Page 41 of 43 Pages
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.
January 23, 1996
SRL HOLDINGS, INC.,
general partner
By: /s/ Barry S. Sternlicht
-----------------------
<PAGE> 42
Page 42 of 43 Pages
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.
January 23, 1996
BSS CAPITAL PARTNERS, L.P.,
general partner
By: STERNLICHT HOLDINGS II, INC.,
general partner
By: /s/ Barry S. Sternlicht
-----------------------
<PAGE> 43
Page 43 of 43 Pages
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.
January 23, 1996
By: STERNLICHT HOLDINGS II, INC.,
general partner
By: /s/ Barry S. Sternlicht
-----------------------
