INTERNATIONAL LEISURE HOSTS LTD /NEW/
NT 10-K, 1998-06-30
HOTELS & MOTELS
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                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 12b-25
                                                   Commission File Number 0-3858
                                                                          ------
                           NOTIFICATION OF LATE FILING
<TABLE>
<S>              <C>               <C>              <C>               <C>              <C>
(Check One):     |X|  Form 10-K    |_|  Form 11-K   |_|  Form 20-F    |_|  Form 10-Q   |_|  Form N-SAR
</TABLE>

For Period Ended: 3/31/98

|_|  Transition Report on Form 10-K         |_|  Transition Report on Form 10-Q
|_|  Transition Report on Form 20-F         |_|  Transition Report on Form N-SAR
|_|  Transition Report on Form 11-K

For the Transition Period Ended:

Read attached instruction sheet before preparing form. Please print or type.

Nothing  in this  form  shall be  construed  to imply  that the  Commission  has
verified any information  contained  herein.  If the  notification  relates to a
portion  of the  filing  checked  above,  identify  the  item(s)  to  which  the
notification relates:

                                     PART I
                             REGISTRANT INFORMATION

Full name of registrant: International Leisure Hosts, Ltd.

Former name, if applicable:

Address of principal executive office (street and number):  3207 S. Hardy Drive

City, state and zip code:                                   Tempe, Arizona 85282

                                     PART II
                             RULE 12b-25 (b) AND (c)

If the subject report could not be filed without  unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate.) |X|

(a)      The reasons  described  in  reasonable  detail in Part III of this form
         could not be eliminated without unreasonable effort or expense;
(b)      The subject annual report,  semi-annual  report,  transition  report on
         Form 10-K, 20-F, 11-K or Form N-SAR or portion thereof will be filed on
         or before the 15th calendar day following the  prescribed  due date; or
         the  subject  quarterly  report  or  transition  report on Form 10-Q or
         portion  thereof  will be filed on or  before  the fifth  calendar  day
         following the prescribed due date; and
(c)      The accountant's  statement or other exhibit required by Rule 12b-25(c)
         has been attached if applicable.

                                    PART III
                                    NARRATIVE

State below in reasonable  detail the reasons why Form 10-K,  11-K,  20-F, 10-Q,
N-SAR or the  transition  report  portion  thereof could not be filed within the
prescribed time period. (Attach extra sheets if needed.)

See attached  letter from  Deloitte & Touche,  LLP,  auditors for  International
Leisure Hosts, Ltd.
<PAGE>
                                     PART IV
                                OTHER INFORMATION

1.      Name and  telephone  number  of  person  to  contact  in regard to this
notification:          Michael P. Perikly
                       602-829-7600

2.      Have all other  periodic  reports  required under Section 13 or 15(d) of
the Securities  Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940  during the  preceding  12 months or for such  shorter  period  that the
registrant was required to file such report(s) been filed?  If the answer is no,
identify report(s).|X| Yes |_| No

3.      Is it anticipated  that any significant  change in results of operations
from the corresponding  period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof? 
                                                                |_| Yes   |X| No

If so: attach an explanation of the  anticipated  change,  both  narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.

Name of registrant as specified in Charter:  International  Leisure Hosts,  Ltd.
has  caused  this  notification  to be signed on its  behalf by the  undersigned
thereunto duly authorized.


Date   June 30, 1998                           By   /s/ Michael P. Perikly, CFO
    --------------------------------             ------------------------------

Instruction. The form may be signed by an executive officer of the registrant or
by any other duly  authorized  representative.  The name and title of the person
signing  the form  shall  be typed or  printed  beneath  the  signature.  If the
statement is signed on behalf of the registrant by an authorized  representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.

                                    ATTENTION

Intentional  misstatements  or omissions  of fact  constitute  federal  criminal
violations (see 18 U.S.C. 1001).

                              GENERAL INSTRUCTIONS

1.   This form is required by Rule 12b-25 of the General Rules  and  Regulations
under the Securities Exchange Act of 1934.

2.   One signed original and four conformed  copies of this form and  amendments
thereto must be completed and filed with the Securities and Exchange Commission,
Washington,  DC 20549,  in  accordance  with Rule 0-3 of the  General  Rules and
Regulations  under the Act. The information  contained in or filed with the form
will be made a matter of the public record in the Commission files.

3.   A manually signed  copy of the form and  amendments thereto shall  be filed
with each national  securities  exchange on which any class of securities of the
registrant is registered.

4.   Amendments to the notifications  must also be filed on Form 12b-25 but need
not restate  information  that has been correctly  furnished.  The form shall be
clearly identified as an amended notification.

5.   Electronic Filers. This form shall  not be used by electronic filers unable
to timely file a report solely due to electronic difficulties.  Filers unable to
submit a report  within  the  time  period  prescribed  due to  difficulties  in
electronic  filing  should comply with either Rule 201 or Rule 202 of Regulation
S-T or  apply  for an  adjustment  in  filing  date  pursuant  to Rule  13(b) of
Regulation S-T.
<PAGE>
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<S>                                             <C>                          <C> 
Deloitte &
  Touche LLP                                                                           
- ------------                                    -------------------------------------------------------
                                                Suite 1220                   Telephone:  (602) 234-5100
                                                2901 North Central Avenue    Facisimile: (602) 234-5186
                                                Phoenix, Arizona 85012-2799                            
</TABLE>




June 30, 1998

Michael Perikly
Chief Financial Officer
International Leisure Hosts, Ltd.
3207 South Hardy Drive
Tempe, Arizona 85282

This  letter is to  confirm to you that we have not  completed  our audit of the
financial  statements of International  Leisure  Hosts,  Ltd. for the year ended
March 31, 1998.  However, we anticipate that our audit will be completed by July
15, 1998.

/s/ DELOITTE & TOUCHE LLP
DELOITTE & TOUCHE LLP
Phoenix, Arizona





- ----------------
Deloitte Touche
Tohmatsu
International
- ----------------


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