UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___)
Amerihost Properties, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
03070-D-209
(CUSIP Number)
Raymond Dayan
1000 Lake Shore Plaza
Chicago, Illinois 60611
(312) 751-1325
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
January 1997
(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 / /.
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.
*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 ("Act") 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).
SCHEDULE 13D
CUSIP No. Page 2 of
03070-D-209 6 Pages
1 NAMES OF REPORTING PERSONS S.S. OR
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Raymond Dayan
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP* (a) X
(b) //
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
PURSUANT TO ITEMS 2(d) or 2(e) //
6 CITIZENSHIP OF PLACE OF ORGANIZATION
United States
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY
OWNED 73,775
BY EACH
8 SHARED VOTING POWER REPORTING
PERSON
-0- WITH
9 SOLE DISPOSITIVE POWER
73,775
1 SHARED DISPOSITIVE POWER
0
-0-
1 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
1 PERSON
73,775
1 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(11)
2 EXCLUDES CERTAIN SHARES*
1 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3
1.2%
1 TYPE OF REPORTING PERSON*
4
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.
SCHEDULE 13D
CUSIP No. Page 3 of
03070-D-209 6 Pages
1 NAMES OF REPORTING PERSONS S.S. OR
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Liliane R. Dayan
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b) //
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
PURSUANT TO ITEMS 2(d) or 2(e) //
6 CITIZENSHIP OF PLACE OF ORGANIZATION
United States
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY
OWNED 290,999
BY EACH 8 SHARED VOTING POWER
REPORTING
PERSON -0-
WITH
9 SOLE DISPOSITIVE POWER
290,999
10 SHARED DISPOSITIVE POWER
-0-
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
290,999
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(11)
EXCLUDES CERTAIN SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.6%
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.
Item 1. Security and Issuer.
Common Stock, par value $0.005 per share
Amerihost Properties, Inc. ("Amerihost")
2400 East Devon Avenue, Suite 280
Des Plaines, Illinois 60018
Item 2. Identity and Background.
(a) Name:
Raymond Dayan
Liliane R. Dayan
(b) Residence Address:
1000 Lake Shore Plaza
Chicago, Illinois 60611
(c) Mr. and Mrs. Dayan are private investors.
(d) During the past five years, neither Mr. Dayan nor Mrs. Dayan has
been convicted in a criminal proceeding (excluding traffic
violations and similar misdemeanors).
(e) During the last five years, neither Mr. Dayan nor Mrs. Dayan has
been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of
which proceeding Mr. Dayan or Mrs. Dayan was or is subject to (i)
a judgment, decree or final order enjoining future violations of,
or prohibiting or mandating activities subject to, federal or
state securities laws or (ii) a finding of any violation with
respect to such laws.
(f) Mr. Dayan and Mrs. Dayan are both citizens of the United States
of America.
Item 3. Source and Amount of Funds or Other Considerations.
Mr. and Mrs. Dayan have, directly and indirectly, invested in joint
ventures with Amerihost for the purpose of constructing or acquiring hotels.
All of the shares reported as beneficially owned by Liliane Dayan in Item 5
were acquired as distributions from (using shares obtained by the joint
ventures as part of lease arrangements) or as part of an investment in such
joint ventures. Such investments were made using personal funds of the
Dayans. The shares reported as beneficially owned by Raymond Dayan in Item 5
were acquired during the period July 1989 - January 1995, through open market
or direct purchases, note conversions, warrant exercises or in connection
with mortgages extended to Amerihost or a subsidiary or affiliate of
Amerihost.
Item 4. Purpose of Transaction.
Mr. Dayan and Mrs. Dayan acquired their shares of common stock, and
the securities exercisable or convertible into shares of common stock for
investment purposes.
Neither Mr. Dayan nor Mrs. Dayan presently has any plans regarding an
extraordinary corporate transaction, such as a merger, reorganization or
liquidation, involving the Company or a sale or transfer of a material amount
of assets of the Company or any of its subsidiaries.
Both Mr. Dayan and Mrs. Dayan reserve the right to acquire additional
shares of Common Stock, to dispose of shares of Common Stock or to formulate
other purposes, plans or proposals deemed advisable regarding the Company.
Item 5. Interest in Securities of the Issuer.
(a) and (b) Raymond Dayan: Through his living trust, Mr. Dayan
beneficially owns 73,775 shares of Common Stock of
Amerihost, which represents 1.2% of the outstanding
shares of Common Stock of Amerihost. Included in these
shares are options to acquire 11,800 shares. Mr. Dayan
has the sole power to vote and dispose of such shares.
Liliane R. Dayan: Through her living trust, Liliane Dayan
beneficially owns 19,788 (0.3% of the outstanding shares) of
Common Stock of Amerihost. As trustee of the Deborah Dayan
Trust dated January 17, 1995, Liliane Dayan beneficially
owns 90,211 shares (1.4% of the outstanding shares) of
Common Stock of Amerihost (1.4% of the outstanding shares),
which includes options and rights to acquire 51,558 shares.
As trustee of the Brigitte Dayan Trust dated March 24, 1993,
Liliane Dayan beneficially owns 90,211 shares of Common
Stock of Amerihost (1.4% of the outstanding shares), which
includes options and rights to acquire 51,558 shares. As
trustee of the Yael Dayan Trust dated March 24, 1993,
Liliane Dayan beneficially owns 90,789 shares (1.4% of the
outstanding shares) of Common Stock of Amerihost, including
options and rights to acquire 51,588 shares. Liliane Dayan
has sole power to vote and dispose of such shares.
(c) No transactions during the past sixty days.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understanding or Relationships with Respect
to Securities of the Issuer.
None.
Item 7. Material to be filed as Exhibits.
None.
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.
August 25, 1997 /s/ Raymond Dayan
Raymond Dayan
/s/ L.R. Dayan
Liliane R. Dayan
