SECURITIES AND EXCHANGE
COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of
1934 (Amendment No. )
Servico Inc.SERVICO INC.
(Name of Issuer)
Common StockCommon Stock
(Title of Class of
Securities)
817648108817648108
(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).
(Continued on following pages(s))
CUSIP NO. 817648108
13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NationsBank Corporation
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
North Carolina Corporation
5 SOLE VOTING POWER
1717247
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 1717247
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1717247
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN
SHARES *
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.20%
12 TYPE OF REPORTING PERSON *
HC
*SEE INSTRUCTION BEFORE FILLING OUT!
FOOTNOTE
Exhibit A
As of July 17, 1998, NationsBank Corporation was the beneficial
owner of 247,760 shares of the Issuer's common stock and
1,201,500 7% Convertible Redeemable Equity Structured Trust
Securities ("CRESTS") issued by Lodgian Capital Trust I, which
CRESTS will be convertible at the option of wholly-owned
subsidiaries of NationsBank Corporation on or after September
15, 1998 into 2,804,662 shares of the Issuer's common stock.
The CRESTS are held in connection with certain swap transactions
as well as in connection with the participation by a subsidiary
of NationsBank Corporation in the original private placement of
the CRESTS and related market-making activities.
Exhibit B
The shares of the Issuer's common stock beneficially owned by
NationsBank Corporation are held by two wholly-owned
subsidiaries of NationsBank Corporation: NationsBanc Montgomery
Securities LLC (BD) and NMS Services, Inc. (CO).
SCHEDULE 13G
Item 1(a) Name of Issuer:
Servico Inc.
Item 1(b) Address of Issuer's Principal Executive
Offices: 1601 Belvedere Rd.
West Palm Beach, Florida 33406
Item 2(a) Name of Person(s) Filing:
(a) NationsBank Corporation
Item 2(b) Address of Principal Business Office or, if none,
Residence:
(a) 101 South Tryon Street, NationsBank Plaza,
Charlotte, North Carolina 28255
Item 2(c) Citizenship:
(a) North Carolina corporation
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
817648108
Item 3 If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b),
check whether the person filing is a:
(a) Broker or Dealer registered under Section 15
of the Act
(b) Bank as defined in Section 3(a)(6) of the Act
(c) Insurance Company as defined in Section
3(a)(19) of the Act
(d) Investment Company registered under Section 8
of the Investment
Company Act
(e) Investment Advisor registered under Section
203 of the
Investment Advisors Act of 1940
(f) Employee Benefit Plan, Pension Fund which is
subject to the
provisions of the Employee Retirement Income
Security Act of
1974 or Endowment Fund; see Sub-section 240.13d
1(b)(1)(ii)(F)
(g) X Parent Holding Company in accordance with Sub-
section
240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) Group, in accordance with Sub-section 240.13d-
1(b)(1)(ii)(H)
The following entities are holding companies:
NationsBank Corporation
The following entities are banks:
The following entities are registered investment advisors:
Item 4 Ownership:
With respect to the beneficial ownership of the reporting
entity as of 08/20/98, see Items 5 through 11, inclusive,
of the respective cover pages of this Schedule 13G
applicable to such entity which are incorporated herein by
reference.
See Exhibit A.
Item 5 Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as
of the date hereof the reporting person has ceased to be
the beneficial owner of more than five percent of the class
of securities, check the following
Item 6 Ownership of More Than Five Percent on Behalf of
Another
Person:
To the extent that the reported shares are held in various
fiduciary accounts, dividends and the proceeds of such
shares are payable to other persons, including such
accounts, the beneficiaries or settlors thereof or a
combination of such persons. In certain instances, other
persons (including beneficiaries and settlors) may be
deemed to have the power to direct receipt of dividends or
the proceeds of the sale of shares reported herein. To the
best of the undersigned's knowledge and belief, no one
other person has such an economic interest relating to more
than 5% of the class of reported shares.
Item 7 Identification and Classification of the Subsidiary
Which Acquired
the Security Being Reported on By the Parent Holding
Company:
See Exhibit B.
Item 8 Identification and Classification of Members of the
Group:
Not Applicable
Item 9 Notice of Dissolution of Group:
Not Applicable
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.
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.
NATIONSBANK CORPORATION
Dat August 21, 1998 By:
e:
Name: Satish G. Pattegar
Title: Senior Vice
President
Document3 MJC
