RULES 424(b)(3) AND 424(c)
REGISTRATION NO. 333-05101
AMENDED PROSPECTUS SUPPLEMENT
DATED OCTOBER 8, 1998
TO PROSPECTUS DATED JUNE 9, 1997
HOSPITALITY WORLDWIDE SERVICES, INC.
THE ATTACHED PROSPECTUS FOR HOSPITALITY WORLDWIDE SERVICES, INC. (THE
"COMPANY") IS HEREBY SUPPLEMENTED AS FOLLOWS:
The party listed below (the "Transferor"), which is listed herein as a
Selling Shareholder, has assigned and transferred to the parties listed below
(the "Transferees") the number of shares of the Company's common stock set forth
opposite their names below (the "Shares").
Number of Shares of Common
Stock Issuable Upon Exercise
Name of Transferor of Options
------------------ --------------------------------
Watertone Holdings, L.P. 1,100,000
The following table sets forth certain information with respect to the
Transferees and shall be added to the Selling Shareholders table beginning on
page 6 herein. Except as otherwise stated herein, none of the Transferees is an
affiliate of the Company nor has any had a material relationship with the
Company during the past three years.
<TABLE>
<CAPTION>
No. of Shares Shares Beneficially Owned
of Common Stock No. of After Offering/Percantage of
Beneficially Owned at Shares Class to be Owned After the
Name April 9, 1998(1) Offered Completion of the Offering (1)
- ----------------------------------- ---------------------- ----------------- ---------------------------------
<S> <C> <C> <C>
Gunter Arzberger.................... 6,435 6,435 0/0
Bill Bard........................... 6,435 6,435 0/0
Shlomo Ben-Hamoo.................... 644 644 0/0
Daryl Cramer........................ 1,609 1,609 0/0
Kenneth Cramer...................... 3,218 3,218 0/0
Independent Trust Corp. f/b/o
Philip Datlof, M.D................ 38,610 38,610 0/0
Paul deBary......................... 38,610 38,610 0/0
Stephen Goldberg.................... 10,618 10,618 0/0
Leonard Parker...................... 271,435 6,435 265,000/2.2%
Burt Bloom.......................... 3,218 3,218 0/0
Steven Schwimmer.................... 3,218 3,218 0/0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
No. of Shares Shares Beneficially Owned
of Common Stock No. of After Offering/Percantage of
Beneficially Owned at Shares Class to be Owned After the
Name April 9, 1998(1) Offered Completion of the Offering (1)
- ----------------------------------- ---------------------- ----------------- ---------------------------------
<S> <C> <C> <C>
Dean Witter Reynolds, Inc. C/F
Mr. Bruce Rosen, PSP.............. 6,435 6,435 0/0
Richard J. Rose, M.D. UTA
Charles Schwab & Co., Inc.
IRA Rollover DTD 5/8/96........... 38,610 38,610 0/0
Kimi Sato........................... 6,435 6,435 0/0
Robert Berman....................... 687,085(3) 474,085 213,000/1.8%
Alan G. Friedberg................... 118,181 118,181 0/0
Guillermo Montero................... 406,939(4) 181,939 225,000/1.9%
Scott Kaniewski..................... 100,423(5) 90,090 10,333/*
Philip Berman....................... 32,175 32,175 0/0
Larry Friedberg..................... 10,000 10,000 0/0
Sheryl Smul......................... 10,000 10,000 0/0
Watermark Investments Limited
LLC............................... 13,000 13,000 0/0
</TABLE>
* Less than 1%
- -------------
(1) The persons named in the table, to the Company's knowledge, have sole
voting and investment power with respect to all shares shown as
beneficially owned by them, subject to community property laws where
applicable and the footnotes to this table. The calculation of shares
of Common Stock beneficially owned was determined in accordance with
Rule 13-3(d) of the Exchange Act.
(2) Assumes that all Common Stock offered by the Selling Shareholders is
sold.
(3) Consists of (i) 474,085 shares of Common Stock held individually by Mr.
Berman; (ii) 200,000 shares of Common Stock held by the Transferor as
to which Mr. Berman is attributed beneficial ownership pursuant to Rule
13d-3 ("Rule 13d-3") of the Securities Exchange Act of 1934 (the
"Exchange Act"); and (iii) 13,000 shares of Common Stock held by
Watermark Investments Limited, LLC ("Watermark") as to which Mr. Berman
is attributed beneficial ownership pursuant to Rule 13d-3 of the
Exchange Act. As the sole manager of Watermark, the general partner of
the Transferor, Mr. Berman has the sole power to vote and dispose of
the 200,000 shares held by the Transferor. Mr. Berman disclaims
beneficial ownership of all shares held by the Transferor, other than
those shares deemed to be beneficially owned by him pursuant to Rule
16a-1(a)(2)(ii)(B) of the Exchange Act.
(4) Consists of (i) 181,939 shares of Common Stock held individually by Mr.
Montero; and (ii) 225,000 shares of Common Stock issuable upon exercise
of presently exercisable options currently held by Mr. Montero. Does
not include 19,792 shares of Common Stock held by Mr. Montero's wife
Maria Elizabeth Leon, as to which Mr. Montero disclaims beneficial
ownership pursuant to Rule 16a-1(a)(2)(ii)(A) of the Exchange Act.
(5) Consists of (i) 92,090 shares of Common Stock held individually by Mr.
Kaniewski; and (ii) 8,333 shares of Common Stock issuable upon exercise
of presently exercisable options currently held by Mr. Kaniewski.
-2-
