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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4)
Servico Inc.
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(Name of Issuer)
Common Stock
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(Title of class of securities)
817648108
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(CUSIP number)
Check the following box if a fee is being paid with this statement / / (A fee is
not required only if the filing 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).
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 the
disclosures provided in a prior cover page.
The information required in 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).
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CUSIP No. 817648108 13G Page 2 of 8 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Morgan Stanley, Dean Witter, Discover & Co.
IRS # 39-314-5972
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 598,200
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
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PERSON WITH 8 SHARED DISPOSITIVE POWER
602,000
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
602,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.41%
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12 TYPE OF REPORTING PERSON*
IA, CO,
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* SEE INSTRUCTIONS BEFORE FILLING OUT !
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CUSIP No. 817648108 13G Page 3 of 8 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Morgan Stanley Asset Management Inc.
IRS # 13-304-0307
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 382,400
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
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PERSON WITH 8 SHARED DISPOSITIVE POWER
386,200
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
386,200
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.11%
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12 TYPE OF REPORTING PERSON*
IA, CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT !
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CUSIP No. 817648108 13G Page 4 of 8 Pages
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Item 1(a) Name of Issuer
Servico Inc.
Item 1(b) Address of issuer's principal executive offices
1601 Belvedere Road
West Palm Beach, Florida 33406
Item 2 (a) Name of person filing
(a) Morgan Stanley, Dean Witter, Discover & Co.
(b) Morgan Stanley Asset Management Inc.
Item 2 (b) Principal business office
(a) 1585 Broadway
New York, New York 10036
(b) 1221 Avenue of the Americas
New York, New York 10020
Item 2 (c) Citizenship
Incorporated by reference to Item 4 of the cover
page pertaining to each reporting person.
Item 2 (d) Title of class of Securities
Common Stock
Item 2 (e) Cusip No.
817648108
Item 3 (a) Morgan Stanley, Dean Witter, Discover & Co.
is (e) an Investment Adviser registered under
section 203 of the Investment Advisers Act of 1940.
(b) Morgan Stanley Asset Management Inc. is (e) an
Investment Adviser registered under Section 203 of
the Investment Advisers Act of 1940.
Item 4 Ownership
Incorporated by reference to Items (5) - (9) and
(11) of the cover page.
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CUSIP No. 817648108 13G Page 5 of 8 Pages
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Item 5 Ownership of 5 Percent or Less of a Class
(a) Inapplicable
(b) As of the date hereof, Morgan Stanley Asset Management Inc.
has ceased to be the beneficial owner of more than five
percent of the class of securities.
Item 6 Ownership of More than 5 Percent on Behalf of Another Person
(a) Accounts managed on a discretionary basis by wholly
owned subsidiaries of Morgan Stanley, Dean Witter, Discover
& Co., are known to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds
from, the sale of such securities. No such account holds
more than 5 percent of the class.
(b) Inapplicable
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company
Inapplicable
Item 8 Identification and Classification of Members of the Group
Inapplicable
Item 9 Notice of Dissolution of Group
Inapplicable
Item 10 Certification
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired
in the ordinary course of business and were not acquired for
the purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in
any transaction having such purpose or effect.
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CUSIP No. 817648108 13G Page 6 of 8 Pages
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.
Date : July 11, 1997
Signature : /s/ DONALD P. RYAN
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Name / Title : Donald P. Ryan / Vice President Morgan Stanley Asset
Management Inc.
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MORGAN STANLEY ASSET MANAGEMENT INC.
July 11, 1997
Signature : /s/ BRUCE BROMBERG
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Name / Title : Bruce Bromberg / Morgan Stanley & Co. Incorporated
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MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
INDEX TO EXHIBITS PAGE
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EXHIBIT 1 Agreement to Make a Joint Filing 7
EXHIBIT 2 Secretary's Certificate Authorizing Bruce
Bromberg to Sign on behalf of Morgan Stanley,
Dean Witter, Discover & Co. 8
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CUSIP No. 817648108 13G Page 7 of 8 Pages
EXHIBIT 1 TO SCHEDULE 13G
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July 11, 1997
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MORGAN STANLEY, DEAN WITTER, DISCOVER & CO. and MORGAN STANLEY
ASSET MANAGEMENT INC., hereby agree that, unless differentiated,
this Schedule 13G is filed on behalf of each of the parties.
MORGAN STANLEY ASSET MANAGEMENT INC.
BY: /s/ DONALD P. RYAN
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Donald P. Ryan/ Vice President, Morgan Stanley Asset
Management Inc.
MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
BY: /s/ BRUCE BROMBERG
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Bruce Bromberg / Morgan Stanley & Co., Incorporated
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EXHIBIT 2 PAGE 8 of 8 Pages
MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
SECRETARY'S CERTIFICATE
I, Charlene R. Herzer, a duly elected and acting Assistant Secretary
of Morgan Stanley, Dean Witter, Discover & Co., a corporation organized and
existing under the laws of the State of Delaware (the "Corporation"), certify
that, as approved by a Unanimous Consent of Directors in Lieu of a Meeting
dated as of May 31, 1997, the following persons are each authorized to sign
reports to be filed under Sections 13 and 16 of the Securities Exchange Act of
1934 on behalf of the Corporation, and such authorizations are in full force
and effect as of this date:
Stuart J. M. Breslow
Robert G. Koppenol
Bruce Bromberg
Robin Sherak
IN WITTNESS WHEREOF, I have hereunto set my name and affixed the seal
of the Corporation as of the 3rd day of June, 1997.
/s/ CHARLENE R. HERZER
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Charlene R. Herzer
Assistant Secretary
[SEAL]
