RULES 424(b)(3) AND 424(c)
REGISTRATION NO. 333-05101
AMENDED PROSPECTUS SUPPLEMENT
DATED MARCH 2, 1999
TO PROSPECTUS DATED JUNE 9, 1997
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HOSPITALITY WORLDWIDE SERVICES, INC.
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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
Name of Transferor Stock
Watertone Holdings, L.P. 200,000
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
Name Beneficially Owned at Shares Class to be Owned After the
- ----------------------------------- ---------------------- ---------------- ---------------------------------
<S> <C> <C> <C>
Robert A. Berman................. 595,751(3) 66,666 529,085/4.2%
Alan G. Friedberg................ 594,847(4) 66,666 528,181/4.0%
Guillermo Montero................ 481,939(5) 66,668 415,271/3.2%
</TABLE>
* Less than 1%
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(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) 550,751 shares of Common Stock held individually by Mr.
Berman; (ii) 13,000 shares of Common Stock held by Watermark
Investments Limited, LLC ("Watermark"), as to which Mr. Berman is
<PAGE>
attributed beneficial ownership pursuant to Rule 13d-3 of the
Securities Exchange Act of 1934 (the "Exchange Act"); and (iii) 32,000
shares of Common Stock underlying presently exercisable options
currently held by Mr. Berman. Mr. Berman disclaims beneficial ownership
of all shares held by Watermark, other than those shares deemed to be
beneficially owned by him pursuant to Rule 16a-1(a)(2)(ii)(B) of the
Exchange Act. Mr. Berman is the Company's Chairman and Chief Executive
Officer.
(4) Consists of (i) 194,847 shares of Common Stock held individually by Mr.
Friedberg; and (ii) 400,000 shares of Common Stock underlying presently
exercisable options currently held by Mr. Friedberg
(5) Consists of (i) 181,939 shares of Common Stock held individually by Mr.
Montero; and (ii) 300,000 shares of Common Stock underlying 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.
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