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 (Date of earliest event reported) August 15, 1997
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MANHATTAN BEACH HOTEL PARTNERS, L.P.
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Exact Name of Registrant as Specified in its Charter
Delaware 33-17274 95-4201183
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State or other Commission IRS Employer
jurisdiction of incorporation File Number Identification No.
3 World Financial Center, 29th Floor
New York, NY Attn.: Andre Anderson 10285
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Address of principal executive offices Zip Code
Registrant's telephone number, including area code (212) 526-3237
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Item 2. ACQUISITION OR DISPOSITION OF ASSETS
On August 15, 1997, Manhattan Beach Hotel Partners, L.P., a Delaware
limited partnership ("MBHP"), consummated the sale of its principal asset (the
"Sale"), the hotel and golf course and related improvements and personalty
located at 1400 Parkview Avenue, Manhattan Beach, California, commonly known as
the "Radisson Plaza Hotel and Golf Course" (collectively, the "Hotel"). The
Hotel was sold to HMC/Interstate Manhattan Beach, L.P., a Delaware limited
partnership ("Buyer"). The Sale was accomplished pursuant to a Purchase and
Sale Agreement and Joint Escrow Instructions (the "Purchase Agreement"), dated
as of June 30, 1997, between MBHP and Buyer. Pursuant to the Purchase
Agreement, the Hotel was sold for $38,250,000 cash, subject to various closing
adjustments and prorations. The transaction resulted in a taxable loss on sale
of approximately $2.3 million, which will be reflected in the Partnership's
statement of operations for the period ending September 30, 1997. As a result
of the Sale, the Partnership is expected to dissolve by year-end 1997.
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, thereunto duly authorized.
MANHATTAN BEACH HOTEL PARTNERS, L.P.
BY: MANHATTAN BEACH COMMERCIAL PROPERTIES III INC.
General Partner
Date: August 27, 1997
BY: /s/Jeffrey C. Carter
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President, Director and
Chief Financial Officer
