SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
(Amendment No. 2)
HOSPITALITY WORLDWIDE SERVICES, INC.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
44106N 10 0
(CUSIP Number)
E.W. Plaut
c/o Relco Inc.
3 Stamford Landing, 24 Southfield Avenue
Stamford, Connecticut 06902
(203) 975-7254
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 4, 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 [ ].
(Continued on following pages)
(Page 1 of 4 Pages)
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CUSIP No. 44106N 10 0 13D Page 2 of 4 Pages
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1 Name of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Watertone LLC 06-1453054
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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 Source of Funds
Not applicable
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5 Check box if disclosure of legal proceedings is required
pursuant to Item 2(d) or 2(e) [ ]
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6 Citizenship or Place of Organization: Delaware
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7 Number of shares beneficially owned by each reporting person
with sole voting power: 346,500
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8 Number of shares beneficially owned by each reporting person
with shared voting power: Not applicable
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9 Number of shares beneficially owned by each reporting person
with sole dispositive power: 346,500
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10 Number of shares beneficially owned by each reporting person
with shared dispositive power: Not applicable
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11 Aggregate amount beneficially owned by each reporting person
346,500
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12 Check box if the aggregate amount in Row (11) excludes certain
shares [ ]
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13 Percent of class represented by amount in Row (11)
4.4%
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14 Type of Reporting Person
OO(1)
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1 The reporting person is a Delaware limited liability company.
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CUSIP No. 44106N 10 0 13D Page 3 of 4 Pages
This Amendment No. 2 ("Amendment No. 2") amends the Schedule 13D dated
December 23, 1996 and Amendment No. 1 thereto dated January 31, 1997 (together,
the "Schedule 13D") filed by Watertone LLC. Except as specifically amended
hereby, the Schedule 13D remains in full force and effect.
Item 4 of the Schedule 13D is hereby amended in its entirety to read:
ITEM 4. PURPOSE OF TRANSACTION.
This Amendment No. 2 relates to disposition of shares of Hospitality
Common Stock on the open market by the reporting person resulting in the
termination of the Reporting Person's reporting obligations under Rule 13(d) of
the Securities Exchange Act of 1934, as amended.
Item 5 of the Schedule 13D is hereby amended in its entirety to read:
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of September 4, 1997, the reporting person owned beneficially
346,500 shares of Hospitality Common Stock, which constitutes 4.4% of the shares
of Hospitality Common Stock outstanding based upon the 7,814,739 shares
outstanding according to Hospitality's Quarterly Report on Form 10-Q for the
quarter ended June 30, 1997.
(b) The Reporting Person has the sole power to vote and to dispose of
all of the shares of Hospitality Common Stock beneficially owned by it. Messrs.
Garraty, Asen and Plaut, as Managers of the Reporting Person, each have shared
power to vote and to dispose of all of the shares of Hospitality Common Stock
held by the Reporting Person.
(c) The Reporting Person disposed of 31,500 shares of Hospitality
Common Stock on the open market on September 2, 1997 at a price of $8.00 per
share; 17,000 shares of Hospitality Common Stock on the open market on
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CUSIP No. 44106N 10 0 13D Page 4 of 4 Pages
September 3, 1997 at a price of $8.00 per share; and 105,000 shares of
Hospitality Common Stock on the open market on September 4, 1997 at a price of
$8.0244 per share.
(d) No person other than the Reporting Person has the right to receive
or the power to direct the receipt of dividends from, or the proceeds from the
sale of, the shares of Hospitality Common Stock that are the subject of this
Schedule 13D.
(e) On September 4, 1997, the Reporting Person ceased to be the
beneficial owner of more than five percent of the outstanding Hospitality Common
Stock.
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.
Dated: September 16, 1997
/s/ John A. Garraty, Jr.
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Name: John A. Garraty, Jr.
Title: Manager
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