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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 30, 1998
Marriott Diversified American Hotels, L.P.
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(Exact name of registrant as specified in its
charter)
Delaware 0-24463 52-1646207
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(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification No.)
10400 Fernwood Road, Bethesda, Maryland 20817
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (301) 380-2070
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ITEM 5. OTHER EVENTS.
On December 30, 1998, following approval by the limited partners,
Marriott Diversified American Hotels, L.P. was acquired by Host Marriott, L.P.,
the Operating Partnership, through a merger as described in the
Prospectus/Consent Solicitation Statement dated October 8, 1998. The final
Exchange Value is $109,472 per Marriott Diversified American Hotels, L.P. Unit.
The minimum number of OP Units (or Common Shares of Host REIT if a limited
partner so elects) a limited partner will receive in exchange for his interest
in Marriott Diversified American Hotels, L.P. is 7,063 per Partnership Unit.
The Note Election Amount is equal to $98,599 per Partnership Unit. The period
of time during which a limited partner may elect to receive an Operating
Partnership Note or Common Shares of Host REIT in exchange for OP Units will
expire at 5:00 p.m., Eastern time, on January 22, 1999, unless extended. If a
limited partner does not make an election, the limited partner will receive and
retain OP Units. The period of time over which the price of an OP Unit will be
determined ends on January 29, 1999. The price per OP Unit will be equal to the
average closing price of Host REIT shares on the New York Stock Exchange (HMT)
over the 20 trading days ending on January 29, 1999 (but will not be greater
than $15.50 or less than $9.50).
The letter sent by Host Marriott, L.P. to the MDAH limited partners is
attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits
Exhibit No. Description
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99.1 Letter from Host Marriott, L.P. to MDAH limited
partners regarding valuation period, election period,
final exchange values and Note election amounts.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MARRIOTT DIVERSIFIED AMERICAN HOTELS, L.P.
By: HMC Diversified LLC, its general partner
Date: December 31, 1998 By: /s/ Donald D. Olinger
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Name: Donald D. Olinger
Title: Vice President and Treasurer