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) August 15, 1997 --------------- MANHATTAN BEACH HOTEL PARTNERS, L.P. ----------------------------------- Exact Name of Registrant as Specified in its Charter Delaware 33-17274 95-4201183 -------- -------- ---------- State or other Commission IRS Employer jurisdiction of incorporation File Number Identification No. 3 World Financial Center, 29th Floor New York, NY Attn.: Andre Anderson 10285 - ---------------------------------- ----- Address of principal executive offices Zip Code Registrant's telephone number, including area code (212) 526-3237 -------------- Item 2. ACQUISITION OR DISPOSITION OF ASSETS On August 15, 1997, Manhattan Beach Hotel Partners, L.P., a Delaware limited partnership ("MBHP"), consummated the sale of its principal asset (the "Sale"), the hotel and golf course and related improvements and personalty located at 1400 Parkview Avenue, Manhattan Beach, California, commonly known as the "Radisson Plaza Hotel and Golf Course" (collectively, the "Hotel"). The Hotel was sold to HMC/Interstate Manhattan Beach, L.P., a Delaware limited partnership ("Buyer"). The Sale was accomplished pursuant to a Purchase and Sale Agreement and Joint Escrow Instructions (the "Purchase Agreement"), dated as of June 30, 1997, between MBHP and Buyer. Pursuant to the Purchase Agreement, the Hotel was sold for $38,250,000 cash, subject to various closing adjustments and prorations. The transaction resulted in a taxable loss on sale of approximately $2.3 million, which will be reflected in the Partnership's statement of operations for the period ending September 30, 1997. As a result of the Sale, the Partnership is expected to dissolve by year-end 1997. 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, thereunto duly authorized. MANHATTAN BEACH HOTEL PARTNERS, L.P. BY: MANHATTAN BEACH COMMERCIAL PROPERTIES III INC. General Partner Date: August 27, 1997 BY: /s/Jeffrey C. Carter -------------------- President, Director and Chief Financial Officer