RULES 424(b)(3) AND 424(c) REGISTRATION NO. 333-05101 AMENDED PROSPECTUS SUPPLEMENT DATED APRIL 23, 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. 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) - ----------------------------------- ---------------------- ----------------- --------------------------------- 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 Phil Datloff........................ 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 Bruce Rosen......................... 6,435 6,435 0/0 Richard Rose........................ 38,610 38,610 0/0 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) - ----------------------------------- ---------------------- ----------------- --------------------------------- Kimi Sato........................... 6,435 6,435 0/0 Robert Berman....................... 687,085(3) 474,085 213,000/1.8% FAF LLC............................. 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 13,000 13,000 0/0 LLC................................. * 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-