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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 1)
Under the Securities Exchange Act of 1934
DOUBLETREE CORPORATION
(Name of issuer)
Common Stock
(Title of class of securities)
258624 10 5
(CUSIP number)
William L. Perocchi
410 North 44th Street, Suite 700
Phoenix, Arizona 85008
______________________________________________
(Name, address and telephone number of person
authorized to receive notices and communications)
COPY TO:
Kimberly L. Wilkinson
Latham & Watkins
505 Montgomery Street, Suite 1900
San Francisco, California 94111-2562
(415) 391-0600
__________________________________________________
(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 statement because of Rule 13d-1(b)(3) or (4), check the following
box: [ ]
Page 1 of 8 Pages
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CUSIP No. 258624 10 5 SCHEDULE 13D Page 2 of 8 Pages
--------------------- -------- --------
(1) Name of Reporting Person
Richard J. Ferris
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(2) Check the Appropriate Box if a Member of a Group (a) [ x ]
(b) [ ]
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(3) SEC Use Only
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(4) SOURCE OF FUNDS
00
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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(6) Citizenship or Place of Organization
United States Citizen
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(7) Sole Voting Power
Number of 30,000 shares of Common Stock
Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned By 1,532,432 shares of Common Stock
Each --------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 30,000 shares of Common Stock
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(10) Shared Dispositive Power
1,532,432 shares of Common Stock
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,562,432
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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)
4.0% (see Item 5)
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(14) Type of Reporting Person
IN
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CUSIP No. 258624 10 5 SCHEDULE 13D Page 3 of 8 Pages
--------------------- -------- --------
(1) Name of Reporting Person
Kelrick, Inc.
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(2) Check the Appropriate Box if a Member of a Group (a) [ x ]
(b) [ ]
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(3) SEC Use Only
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(4) SOURCE OF FUNDS
00
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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(6) Citizenship or Place of Organization
Illinois
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(7) Sole Voting Power
Number of -0- shares of Common Stock
Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned By 1,532,432 shares of Common Stock
Each --------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With -0- shares of Common Stock
--------------------------------------------------------
(10) Shared Dispositive Power
1,532,432 shares of Common Stock
--------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,532,432
---------------------------------------------------------------------
(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)
3.9% (see Item 5)
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(14) Type of Reporting Person
00
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CUSIP No. 258624 10 5 SCHEDULE 13D Page 4 of 8 Pages
--------------------- -------- --------
(1) Name of Reporting Person
Ridge Partners, L.P.
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(2) Check the Appropriate Box if a Member of a Group (a) [ x ]
(b) [ ]
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(3) SEC Use Only
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(4) SOURCE OF FUNDS
00
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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(6) Citizenship or Place of Organization
Delaware
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(7) Sole Voting Power
Number of -0- shares of Common Stock
Shares --------------------------------------------------------
Beneficially (8) Shared Voting Power
Owned By 1,532,432 shares of Common Stock
Each --------------------------------------------------------
Reporting (9) Sole Dispositive Power
Person With -0- shares of Common Stock
--------------------------------------------------------
(10) Shared Dispositive Power
1,532,432 shares of Common Stock
--------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,532,432
---------------------------------------------------------------------
(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)
3.9% (see Item 5)
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(14) Type of Reporting Person
PN
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<PAGE> 5
DOUBLETREE CORPORATION
COMMON STOCK
CUSIP NO. 258624 10 5
SCHEDULE 13D
This Amendment No.1 to Schedule 13D amends the Statement on Schedule 13D filed
November 18, 1994 ("Schedule 13D") by Ridge Partners, L.P., Kelrick, Inc. and
Richard J. Ferris (together, the "Reporting Persons"). Capitalized terms used
herein without definitions shall have the meanings set forth in the Schedule
13D.
Item 1. Security and Issuer.
This statement relates to the Common Stock, par value $.01 per
share (the "Common Stock"), issued by Doubletree Corporation, a Delaware
corporation ("the Company"), whose principal executive offices are at 410 North
44th Street, Suite 700, Phoenix, Arizona 85008.
Item 2. Identity and Background.
2.1 Ridge Partners
(a) This statement is filed by Ridge Partners, L.P., a
Delaware limited partnership ("Ridge Partners"). Ridge Partners holds
1,532,432 shares of Common Stock and acquired the Common Stock as a
partnership.
(b) The business address of Ridge Partners is 1436 Ridge
Road, Northbrook, Illinois 60062.
(c) Ridge Partners is in the investment business.
(d) Ridge Partners has not, during the last five years,
been convicted in a criminal proceeding.
(e) Ridge Partners has not, during the last five years,
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and has not been and is not now, as a result of such
proceeding, subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
(f) Ridge Partners is a limited partnership formed under
the laws of the State of Delaware.
2.2 Kelrick, Inc.
(a) This statement is also filed by Kelrick, Inc., an
Illinois corporation ("Kelrick"). Kelrick is the sole general partner of Ridge
Partners and has sole power to vote and
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dispose of the 1,532,432 shares of Common Stock held by Ridge Partners. The
directors and executive officers of Kelrick are as follows:
Richard J. Ferris President, Assistant
Secretary and Director
Kelsey K. Ferris Vice President, Secretary,
Treasurer and Director
In addition, Richard J. Ferris is the Co-Chairman of the
Company and both Richard Ferris and Kelsey Ferris are private investors.
(b) The business address of Kelrick is 1436 Ridge Road,
Northbrook, Illinois 60062.
(c) Kelrick is in the investment business.
(d) Kelrick has not, during the last five years, been
convicted in a criminal proceeding.
(e) Kelrick has not, during the last five years, been a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and has not been and is not now, as a result of such proceeding,
subject to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
(f) Kelrick is a corporation formed under the laws of the
State of Illinois.
2.3 Richard J. Ferris
(a) This statement is also filed by Richard J. Ferris
(hereinafter "Ferris"). Ferris is the President and holder of 51% of the
shares of the Common Stock of Kelrick and may be deemed to have sole power to
vote and dispose of 1,532,432 shares of Common Stock. This statement shall not
be construed as an admission that he is, for purposes of Sections 13(d) or
13(g) of the Act, the beneficial owner of any securities covered by this
statement. Ferris has the sole power to vote and dispose of 30,000 restricted
shares of Doubletree Corporation Common Stock granted on January 2, 1997 in
return for Ferris' future service as Co-Chairman of the Board of Doubletree
Corporation.
(b) The business address of Ferris is 1436 Ridge Road,
Northbrook, Illinois 60062.
(c) Ferris is a Co-Chairman of the Board of the Company.
(d) Ferris has not, during the last five years, been
convicted in a criminal proceeding.
(e) Ferris has not, during the last five years, been a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and has not been and is not now, as a result of such proceeding,
subject to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
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(f) Ferris is a United States citizen.
Item 5. Interest in Securities of the Issuer.
(e) By reason of the increase in the number of
outstanding shares of Common Stock, as of November 8, 1996, the Reporting
Entities ceased to be the owners of more than five percent of the Company's
outstanding shares of Common Stock.
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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: May 1, 1997
<TABLE>
<S> <C>
RIDGE PARTNERS, L.P.
a Delaware limited partnership
By: Kelrick, Inc.
an Illinois corporation
Its general partner
By: /s/ Richard J. Ferris
------------------------------------------
Name: Richard J. Ferris
Title: President
KELRICK, INC.
an Illinois corporation
By: /s/ Richard J. Ferris
------------------------------------------
Name: Richard J. Ferris
Title: President
/s/ Richard J. Ferris
--------------------------------------------------
RICHARD J. FERRIS
</TABLE>
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