EDISON THOMAS INNS INC
SC 13D/A, 1995-12-12
HOTELS & MOTELS
Previous: VAUGHN COMMUNICATIONS INC, 10-Q, 1995-12-12
Next: BAKER HUGHES INC, DEF 14A, 1995-12-12





                           UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C. 20549

                           SCHEDULE 13D
                         (Amendment No. 1)

             Under the Securities Exchange Act of 1934
                                 
         THOMAS EDISON INNS, INC., a Michigan corporation
                         (Name of Issuer)

                   Common Stock, $.01 par value
                  (Title of Class of Securities)

                            884396 10 2
                          (CUSIP Number)

                        Gerard Belisle, Jr.
              Meritage Hospitality Group Incorporated
                 40 Pearl Street, N.W., Suite 430
                      Grand Rapids, MI  49503

                          (616) 776-2600
    (Name, Address and Telephone Number of Person Authorized to
                Receive Notices and Communications)

                         November 17, 1995
      (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 [ ].


Check the following box if a fee is being paid with the statement [ ].
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent
of the class of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership of five percent
or less of such class.) (See Rule 13d-7.)

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. 884396 10 2                           


 1   Name of Reporting Person
     S.S. or I.R.S. Identification No. of Above Person

     Meritage Hospitality Group Incorporated
     65 - 0457574

 2   Check The Appropriate Box If A Member Of A Group               (a)[ ]
                                                                    (b)[x]

 3   SEC Use Only



 4   Source of Funds

     SC

 5  Check Box If Disclosure Of Legal Proceedings Is                   [ ]
    Required Pursuant To Items 2(d) or 2(E)


 6   Citizenship Or Place of Organization

     Florida, United States

                7    Sole Voting Power

  Number Of             1,554,405
   Shares       8    Shared Voting Power
 Beneficially
   Owned By              -0-
     Each       9    Sole Dispositive Power
  Reporting
   Person              1,554,405
    With        10   Shared Dispositive Power

                         -0-
 11  Aggregate Amount of Beneficially Owned By Each Reporting Person

       1,554,405
 12  Check Box If The Aggregate Amount In Row (11) Excludes            [ ]
     Certain Shares

 13  Percent Of Class Represented By Amount In Row (11)

       51.5%
 
14  Type Of Reporting Person

     CO




                           SCHEDULE 13D

                                                 
 CUSIP No.  884396 10 2                          


 1   Name of Reporting Person
     S.S. or I.R.S. Identification No. of Above Person

     Christopher B. Hewett

 2   Check The Appropriate Box If A Member Of A Group               (a)[ ]
                                                                    (b)[x]

 3   SEC Use Only



 4   Source of Funds

     PF
 
5    Check Box If Disclosure Of Legal Proceedings Is                   [ ]
     Required Pursuant To Items 2(d) or 2(E)


 6   Citizenship Or Place of Organization

     United States of America
                7    Sole Voting Power

  Number Of              3,000
   Shares       8    Shared Voting Power
 Beneficially
   Owned By            1,554,405
     Each       9    Sole Dispositive Power
  Reporting
   Person                3,000
    With        10   Shared Dispositive Power

                       1,554,405
 11  Aggregate Amount of Beneficially Owned By Each Reporting Person

        1,557,405
 12  Check Box If The Aggregate Amount In Row (11) Excludes            [ ]
     Certain Shares

 13  Percent Of Class Represented By Amount In Row (11)

       51.6%
 14  Type Of Reporting Person

     IN



                           SCHEDULE 13D

                                                 
 CUSIP No.  884396 10 2                          


 1   Name of Reporting Person
     S.S. or I.R.S. Identification No. of Above Person

     Robert E. Schermer, Jr.

 2   Check The Appropriate Box If A Member Of A Group               (a)[ ]
                                                                    (b)[x]

 3   SEC Use Only



 4   Source of Funds

     PF
 
5   Check Box If Disclosure Of Legal Proceedings Is                   [ ]
    Required Pursuant To Items 2(d) or 2(E)


 6   Citizenship Or Place of Organization

     United States of America
                7    Sole Voting Power

  Number Of               100
   Shares       8    Shared Voting Power
 Beneficially
   Owned By            1,554,405
     Each       9    Sole Dispositive Power
  Reporting
    Person                 100
    With        10   Shared Dispositive Power

                       1,554,405
 11  Aggregate Amount of Beneficially Owned By Each Reporting Person

       1,554,505
 12  Check Box If The Aggregate Amount In Row (11) Excludes            [ ]
     Certain Shares

 13  Percent Of Class Represented By Amount In Row (11)

         51.5%
 14  Type Of Reporting Person

     IN




     This is the first amendment to a statement on Schedule 13D originally
filed on September 29, 1995, (the "Original Statement") with respect to the
common stock, $.01 par value of Thomas Edison Inns, Inc., a Michigan
corporation (the "Issuer").  Item 4 of the Original Statement is hereby
amended as set forth below.

Item 4.    Purpose of Transaction.

     Item 4 is amended by adding the following information:

     On November 17, 1995, Meritage accepted a commitment from American
Financial Group, Inc., to provide $15 million in new mortgage financing to
the Issuer.  The Issuer's Board of Directors may close on such financing
after the Stock Purchase Agreement is closed.

                             SIGNATURE


     After reasonable inquiry and to the best of their knowledge and
belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.


Dated: December 8, 1995


MERITAGE HOSPITALITY GROUP INCORPORATED

/s/Christopher B. Hewett
- --------------------------
Christopher B. Hewett
President



/s/Christopher B. Hewett
- --------------------------
Christopher B. Hewett
Individually



/s/Robert E. Schermer, Jr.
- ---------------------------
Robert E. Schermer, Jr.
Individually



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission