<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d - 102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULES 13d-1(b) AND (c) AND AMENDMENTS
THERETO FILED PURSUANT TO 13d-2(b)
International Leisure Hosts, Ltd.
(Name of Issuer)
Common Stock, $0.01 par value per share
(Title of Class of Securities)
459759-10-6
(CUSIP Number)
<PAGE> 2
SCHEDULE 13G
Page 2 of 7
CUSIP NO. 459759-10-6
================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
William S. Levine
================================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
N/A (b) / /
================================================================================
3 SEC USE ONLY
================================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- ---------------------------------===============================================
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 124,233*
OWNED BY
EACH
REPORTING
PERSON
WITH
----===============================================
6 SHARED VOTING POWER
0
----===============================================
7 SOLE DISPOSITIVE POWER
124,233*
----===============================================
8 SHARED DISPOSITIVE POWER
0
================================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
124,233*
================================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES / /
================================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
17.89%
================================================================================
12 TYPE OF REPORTING PERSON
IN
================================================================================
<PAGE> 3
SCHEDULE 13G
Page 3 of 7
CUSIP NO. 459759-10-6
================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Levine Investments Limited Partnership
================================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) / /
================================================================================
3 SEC USE ONLY
================================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona
- ---------------------------------===============================================
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 106,733
OWNED BY
EACH
REPORTING
PERSON
WITH
----===============================================
6 SHARED VOTING POWER
0
----===============================================
7 SOLE DISPOSITIVE POWER
106,733
----===============================================
8 SHARED DISPOSITIVE POWER
0
================================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
106,733
================================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES / /
================================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.37%
================================================================================
12 TYPE OF REPORTING PERSON
PN
================================================================================
<PAGE> 4
SCHEDULE 13G
Page 4 of 7
ITEM 1(a). NAME OF ISSUER:
International Leisure Hosts, Ltd.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1702 E. Highland, Suite 312, Phoenix, Arizona 85016
ITEM 2(a). NAME OF PERSON FILING:
William S. Levine and Levine Investments Limited Partnership ("Levine
Investments"). Mr. Levine is the general partner of Levine Investments. Mr.
Levine disclaims beneficial ownership of the shares of Common Stock beneficially
owned by Levine Investments, except to the extent of his partnership interest.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
1702 E. Highland, Suite 312, Phoenix, Arizona 85016
ITEM 2(c). CITIZENSHIP:
United States of America
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, $0.01 par value per share
ITEM 2(e). CUSIP NUMBER:
459759-10-6
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS:
(h) /X/ Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
ITEM 4. OWNERSHIP AS OF DECEMBER 31, 1997:
(a) Amount beneficially owned: 124,233*
(b) Percent of class: 17.89%
(c) Number of shares as to which such person has
(i) sole power to vote or direct the vote: 124,233*
(ii) shared power to vote or direct the vote: 0
(iii) sole power to dispose or to direct the disposition
of: 124,233*
(iv) shared power to dispose or direct the disposition
of: 0
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
N/A
- --------------------
* Includes 106,733 shares owned by Levine Investments Limited Partnership, of
which Mr. Levine is the general partner.
<PAGE> 5
SCHEDULE 13G
Page 5 of 7
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
N/A
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
N/A
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF THE MEMBERS OF THE GROUP:
See Item 3(h).
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
N/A
ITEM 10. CERTIFICATION:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purpose or effect.
<PAGE> 6
SCHEDULE 13G
Page 6 of 7
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.
/s/ William S. Levine
----------------------------------------
William S. Levine
LEVINE INVESTMENTS LIMITED PARTNERSHIP
By: /s/ William S. Levine
-------------------------------------
William S. Levine
General Partner
<PAGE> 7
SCHEDULE 13G
Page 7 of 7
EXHIBIT A
MEMBERS OF GROUP
<TABLE>
<CAPTION>
NAME CLASSIFICATION
- ---- --------------
<S> <C>
William S. Levine IN
Levine Investments Limited Partnership PN
</TABLE>
