<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report
January 15, 1997
AIRCOA HOTEL PARTNERS, L.P.
(Exact name of registrant as specified in its charter)
State of Delaware
(State or other jurisdiction of incorporation)
1-9563 84-1042607
(Commission File Number) (IRS Employer Identification No.)
5775 DTC Boulevard, Suite 300
Englewood, Colorado 80111
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code
(303) 220-2000
<PAGE>
Item 5. Other Events.
AIRCOA HOTEL PARTNERS, L.P.
ANNOUNCES CHANGES TO ADVISORY COMMITTEE
Englewood, Colorado, January 15, 1997 -- AIRCOA Hotel Partners, L.P.
(AMEX:AHT) announced today the resignations of two current members of the
Partnership's Advisory Committee and the appointment today of two new members
to the Committee. Douglas M. Pasquale, President of AIRCOA Hospitality
Services, Inc., the general partner of the Partnership, stated that William
Arthur and Frank Hughes had resigned as members of the Advisory Committee
resulting from differences relating to the basis of their continued engagement.
In their place, James W. Hire and Anthony C. Dimond have been appointed as
members. Messrs. Hire and Dimond will also serve as members of a special
committee being formed to consider the recently announced offer of Regal Hotel
Management, Inc. ("Regal") to acquire all of the Class A Units and Class B Units
of the Partnership not owned by Regal or its affiliates.
"I would like to thank Bill Arthur and Frank Hughes for their efforts on
behalf of the Partnership as members of the Advisory Committee, which are
greatly appreciated," said Mr. Pasquale. "I would also like to welcome Jim Hire
and Tony Dimond, whose background and business experience in the hospitality and
real estate industries should enable them to serve the unitholders well both as
members of the Advisory Committee and of the special committee."
Mr. Hire is a principal of Hire & Associates, an Evergreen, Colorado based
firm that provides consulting services to the hospitality and tourism
industries. Prior to founding Hire & Associates in 1988, Mr. Hire had been the
Senior Principal and Executive-in-Charge of the Management Advisory Services
Department of the Denver office of Pannell Kerr Forster, an accounting and
consulting firm. Mr. Hire is a founding member of the International Society of
Hospitality Consultants.
Mr. Dimond is a principal of Miramar Asset Management, Inc., a Redwood
City, California based real estate consulting firm that provides asset
management and evaluation services and that performs receivership functions.
Prior to forming Miramar in 1989, Mr. Dimond was Senior Vice President for
Metric Partners, a joint venture between Metropolitan Life Insurance Company and
The Fox Group with responsibility for commercial and residential real estate
projects in major cities throughout the United States. Mr. Dimond is a founding
director of the Hospitality Asset Managers Association.
AIRCOA Hotel Partners, L.P. owns and operates six hotel and resort
properties located in geographically diverse areas of the continental U.S. Each
property is a full service facility serving the vacation, leisure, meetings,
convention and business segments of the hotel market. AIRCOA Hotel Partners,
L.P. owns and operates the properties through six operating partnerships.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AIRCOA HOTEL PARTNERS, L.P.
By: AIRCOA Hospitality Services, Inc.,
General Partner
Date: January 15, 1997 By: /s/ Douglas M. Pasquale
------------------ -----------------------------------------
Douglas M. Pasquale
President and Director
(Principal Executive and Financial
Officer)
