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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
AMENDMENT NO. 2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Doubletree Corporation
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- -------------------------------------------------------------------------------
(Title of Class of Securities)
258624-10-5
- -------------------------------------------------------------------------------
(CUSIP Number)
Michael M. Pastore, General Electric Investment Corporation, 3003 Summer Street,
Stamford, CT 06904, (203) 326-3212.
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
DECEMBER 19, 1997
- -------------------------------------------------------------------------------
(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).
Total Pages 14
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SCHEDULE 13D
- ---------------------------- -------------------------
CUSIP NO. 258624-10-5 PAGE 2 OF 14 PAGES
- ---------------------------- -------------------------
- ---------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON
DTPT Investment Corporation
- ---------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)X
- ---------- --------------------------------------------------------------------
3 SEC USE ONLY
- ---------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
- ---------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- ---------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- --------------- -------- ------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY -------- ------------------------------------------------------
8 SHARED VOTING POWER
OWNED BY EACH
0
REPORTING
-------- ------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
0
-------- ------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ---------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ---------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
- ---------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
- ---------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- ---------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNITURE ATTESTATION.
Page 2 of 14 Pages
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SCHEDULE 13D
- ---------------------------- --------------------------
CUSIP NO. 258624-10-5 PAGE 3 OF 14 PAGES
- ---------------------------- --------------------------
- ---------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON
GE Investment Hotel Partners I, Limited Partnership
- ---------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)X
- ---------- --------------------------------------------------------------------
3 SEC USE ONLY
- ---------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
- ---------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- ---------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- --------------- -------- ------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY -------- ------------------------------------------------------
8 SHARED VOTING POWER
OWNED BY EACH
0
REPORTING
-------- ------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
-------- ------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ---------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ---------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
- ---------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
- ---------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNITURE ATTESTATION.
Page 3 of 14 Pages
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SCHEDULE 13D
- ------------------------------- ----------------------------
CUSIP NO. 258624-10-5 PAGE 4 OF 14 PAGES
- ------------------------------- ----------------------------
- ---------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON
GE Investment Management Incorporated
- ---------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)X
- ---------- --------------------------------------------------------------------
3 SEC USE ONLY
- ---------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
- ---------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- ---------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- --------------- -------- ------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
-------- ------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH 0
-------- ------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
-------- ------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
0
- ---------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ---------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
- ---------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
- ---------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- ---------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNITURE ATTESTATION.
Page 4 of 14 Pages
<PAGE>
SCHEDULE 13D
- ----------------------------- -------------------------------
CUSIP NO. 258624-10-5 PAGE 5 OF 14 PAGES
- ----------------------------- ------------------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON
General Electric Company
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)X
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
- ---------- ---------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- ---------- ---------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of New York
- --------------- -------- -------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
-------- -------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH
0
REPORTING -------- -------------------------------------------------------
9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------- -------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ---------- ---------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ---------- ---------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
- ---------- ---------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
- ---------- ---------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNITURE ATTESTATION.
Page 5 of 14 Pages
<PAGE>
SCHEDULE 13D
- ------------------------------ ----------------------------------
CUSIP NO. 258624-10-5 PAGE 6 OF 14 PAGES
- ------------------------------ ----------------------------------
- ---------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON
Trustees of General Electric Pension Trust
- ---------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)X
- ---------- --------------------------------------------------------------------
3 SEC USE ONLY
- ---------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
- ---------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- ---------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of New York
- --------------- -------- ------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
-------- ------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH
0
REPORTING -------- ------------------------------------------------------
9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------- ------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ---------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ---------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
- ---------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
- ---------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
EP
- ---------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNITURE ATTESTATION.
Page 6 of 14 Pages
<PAGE>
This Amendment No. 2 amends and supplements that certain Schedule
13D filed on November 18, 1996 and amended on September 1, 1997 (as amended, the
"Schedule 13D"), by GEHOP, GE, GEIM, GEPT and PT, as defined therein, to report
such entities' beneficial ownership of shares of Common Stock of Doubletree
Corporation (the "Issuer"). All capitalized terms not otherwise defined herein
shall have the meaning set forth in the Schedule 13D.
Text of the Schedule 13D is hereby deleted in its entirety, and shall
read as follows: "On September 1, 1997, the Issuer, Promus Hotel Corporation
("Old Promus"), and New Promus (a newly formed corporation jointly owned by the
Issuer and Old Promus) entered into an Agreement and Plan of Merger (the "Merger
Agreement"), pursuant to which New Promus formed two subsidiaries that merged
with and into the Issuer and Old Promus such that the Issuer and Old Promus
became wholly owned subsidiaries of New Promus (the "Mergers"). Pursuant to the
Merger Agreement, upon the consummation of the Mergers on December 19, 1997, (i)
each outstanding share of Common Stock of the Issuer has been converted into the
right to receive one share of common stock of New Promus, (ii) each outstanding
share of common stock of Old Promus has been converted into the right to receive
0.925 shares of common stock of New Promus, and (iii) each outstanding warrant
or option to purchase shares of the Issuer Common Stock or Old Promus common
stock has been converted into an option to purchase shares of common stock of
New Promus on a 1:1 and 0.925:1 basis, respectively. As a result of the
foregoing, the Issuer and Old Promus became wholly owned subsidiaries of New
Promus.
Upon consummation of the Mergers, the shares of Common Stock of
the Issuer beneficially owned by the Reporting Persons prior to the Mergers were
converted into the shares of common stock of New Promus on a 1:1 basis. As a
result, the Reporting Persons no longer own any shares of Common Stock of the
Issuer."
Page 7 of 14 Pages
<PAGE>
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.
GE INVESTMENT HOTEL PARTNERS I,
LIMITED PARTNERSHIP
By: GE Investment Management Incorporated, Its General
Partner
By: /s/ Michael M. Pastore
-----------------------------
Name: Michael M. Pastore
Title: Vice President
Dated: January 30, 1998
Page 8 of 14 Pages
<PAGE>
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.
GENERAL ELECTRIC COMPANY
By: /s/ John H. Myers
--------------------------------
Name: John H. Myers
Title: Vice President
Dated: January 30, 1998
Page 9 of 14 Pages
<PAGE>
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.
GE INVESTMENT MANAGEMENT INCORPORATED
By: /s/ Michael M. Pastore
--------------------------------
Name: Michael M. Pastore
Title: Vice President
Dated: January 30, 1998
Page 10 of 14 Pages
<PAGE>
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.
TRUSTEES OF GENERAL ELECTRIC PENSION TRUST
By: /s/ Alan M. Lewis
------------------------------------
Name: Alan M. Lewis
Title: Trustee
Dated: January 30, 1998
Page 11 of 14 Pages
<PAGE>
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.
DTPT INVESTMENT CORPORATION
By: /s/ Michael M. Pastore
--------------------------------
Name: Michael M. Pastore
Title: Vice President
Dated: January 30, 1998
Page 12 of 14 Pages
<PAGE>
Schedule I
JOINT FILING AGREEMENT
The undersigned parties hereby agree that the Schedule 13D filed
herewith (and any amendments thereto) relating to the Stock of Doubletree
Corporation is being filed jointly with the Securities and Exchange Commission
pursuant to Section 13-d-1(f) on behalf of each such person.
Dated: January 30, 1998
GE INVESTMENT HOTEL PARTNERS,
LIMITED PARTNERSHIP
By: GE Investment Management Incorporated, Its
General Partner
By: /s/ Michael M. Pastore
--------------------------------------
Name: Michael M. Pastore
Title: Vice President
GENERAL ELECTRIC COMPANY
By: /s/ John H. Myers
--------------------------------------
Name: John H. Myers
Title: Vice President
GE INVESTMENT MANAGEMENT
INCORPORATED
By: /s/ Michael M. Pastore
--------------------------------------
Name: Michael M. Pastore
Title: Vice President
Page 13 of 14 Pages
<PAGE>
TRUSTEES OF GENERAL ELECTRIC PENSION TRUST
By: /s/ Alan M. Lewis
------------------------------------
Name: Alan M. Lewis
Title: Trustee
DTPT INVESTMENT CORPORATION
By: /s/ Michael M. Pastore
------------------------------------
Name: Michael M. Pastore
Title: Vice President
Page 14 of 14 Pages
