LONESTAR HOSPITALITY CORP /TX/
NT 10-Q, 1996-02-15
SHORT-TERM BUSINESS CREDIT INSTITUTIONS
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                       U.S. SECURITIES AND EXCHANGE COMMISSION

                                WASHINGTON, D.C. 20549

                                     FORM 12b-25

                             NOTIFICATION OF LATE FILING

                                     (Check One):

           [X]  Form 10-KSB    [ ]  Form 20-F   [ ]  Form 11-K   [ ]  Form
                               10-QSB   [X]  Form N-SAR
                         For Period Ended:  December 31, 1995

                                                                           

                    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:  Not Applicable
                                                                           

          Part I Registration Information
                                                                           

               Full Name of Registrant:  LoneStar Hospitality Corporation

               Former Name if Applicable:  

               Address of Principal Executive Office (Street and Number)

                    3131 Turtle Creek Boulevard, Suite 1301  Dallas, Texas 
          75219
                         (City, State and Zip Code)
                                                                           

          Part II Rules 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;

          [X]  (b)  The  subject quarterly  report on  Form 10-QSB  will be
          filed on  or  before the  fifteenth  calendar day  following  the
          prescribed due date; and




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          [ ]  (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-QSB
          could not be filed within the prescribed period.

                    LoneStar  Hospitality Corporation  (the "Company")
               is negotiating the  sale of its restaurant  assets in a
               transaction to be described in its Report.  The outcome
               of these  negotiations and  the structure  the proposed
               transaction affect certain information presented in the
               financial statements to be included in the Form 10-QSB.
               The Company was not able to determine the likelihood of
               success  of such  negotiations   in sufficient  time to
               permit the filing within  the prescribed period of time
               for its quarterly report on Form 10-QSB.
                                                                           

          Part IV Other Information
                                                                           

               (1)  Name  and  telephone number  of  person  to contact  in
          regard to this notification

                         Steven B. Solomon             (214)
          520-9292
                         (Name)                        (Area Code)         
          (Telephone Number)

               (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.






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                           LoneStar Hospitality Corporation
                     (Name of Registrant as specified in charter)

          has caused  this notification to  be signed on its  behalf by the
          undersigned thereunto duly authorized.

          Date:  February __, 1996           By:                           
                                             Steven B. Solomon, President

          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 field with
          the form.
                                                                           

                                      ATTENTION

               Intentional  misstatements or  omissions of  fact constitute
          Federal Criminal Violations (See 18 U.S.C. 1001).
                                                                           



































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                           LoneStar Hospitality Corporation
                     (Name of Registrant as specified in charter)

          has caused  this notification to  be signed on its  behalf by the
          undersigned thereunto duly authorized.

          Date:  February __, 1996           By:   /s/ Steven B. Solomon   
                                             Steven B. Solomon, President

          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 field with
          the form.
                                                                           

                                      ATTENTION

               Intentional  misstatements or  omissions of  fact constitute
          Federal Criminal Violations (See 18 U.S.C. 1001).
                                                                           



































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