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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Act of 1934
Date of Report (Date of earliest event reported): January 24, 1996
Commission file number: Commission file number:
1-6828 1-7959
STARWOOD LODGING TRUST STARWOOD LODGING CORPORATION
(Exact name of registrant as (Exact name of registrant as
specified in its charter) specified in its charter)
Maryland Maryland
(State or other jurisdiction (State or other jurisdiction
of incorporation or organization) of incorporation or organization)
52-0901263 52-1193298
(I.R.S. employer identification (I.R.S. employer identification
number) number)
11845 W. Olympic Blvd., Suite 550 11845 W. Olympic Blvd., Suite 560
Los Angeles, California 90064 Los Angeles, California 90064
(Address of principal executive (Address of principal executive
offices, including zip code) offices, including zip code)
310-575-3900 310-575-3900
(Registrant's telephone number, (Registrant's telephone number,
including area code) including area code)
Not applicable
(Former name or former address, if changed since last report)
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Item 2. Other Events.
On January 24, 1996, Starwood Lodging Trust and Starwood
Lodging Corporation completed a transaction to acquire the Boston Park Plaza
Hotel Complex in Boston Massachusetts, in partnership with Donald L. Saunders.
The complex includes the 977-room Boston Park Plaza Hotel and Towers, the
250,000-square-foot Statler Office Building connected to the hotel and the
52,000-square-foot Park Plaza Castle and Exhibition Hall.
The corporation has assumed management of the hotel and
exhibition hall while Saunders Real Estate Corp. continues to manage the
Statler Office Building. The trust contributed approximately $42 million in
cash and now owns a 58 percent interest in the newly formed Starwood/Donald
Saunders partnership (the "partnership") which now owns the complex, while
Saunders contributed his interest in the complex for a 42 percent interest in
the partnership.
The partnership will assume approximately $25 million of
existing debt which it intends to refinance within the next four months.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED. The historical
financial statements required to be provided in this Form 8-K will be filed
under cover of Form 8-K/A not later than 60 days after this Form 8-K must be
filed.
(b) PRO FORMA FINANCIAL INFORMATION. The pro forma financial
information required to be provided in this Form 8-K will be filed under cover
of Form 8-K/A not later than 60 days after this Form 8-K must be filed.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
each registrant has duly caused this report to be signed on its behalf by the
undersigned, thereto duly authorized.
STARWOOD LODGING TRUST STARWOOD LODGING CORPORATION
By: /s/ RONALD C. BROWN By: /s/ KENNETH J. BIEHL
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Ronald C. Brown Kenneth J. Biehl
Vice President and Vice President and
Chief Financial Officer Principal Financial and
Accounting Officer
Date: February 5, 1996
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