UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Filed Pursuant to Section 13 or 15(d) of
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 2, 1998
CAPSTAR HOTEL COMPANY
(Exact name of registrant as specified in its charter)
DELAWARE 1-12017 52-1979383
(State or other jurisdiction of (Commission File (IRS Employer Identification
incorporation) Number) Number)
1010 Wisconsin Avenue, N.W.
Suite 650
Washington, D.C. 20007
(Address of principal executive offices)
Registrant's telephone number, including area code: (202) 965-4455
Item 2. ACQUISITIONS
On March 2, 1998, CapStar Hotel Company (the "Company") completed its
review of the currently available information with respect to certain recently
acquired hotel properties. The current information with respect to the
Sheraton Grande Hotel in Los Angeles, California (the "Hotel") demonstrated
for the first time that the Company's acquisition of the Hotel constituted an
acquisition of a "significant amount of assets" as defined in Item 2 of Form
8-K and Sections 210.11-01(d), 210.11-01(b) and 210.3-05(b)(2)(ii) of
Regulation S-X of the Securities Exchange Commission.
The Company acquired the Hotel from Metropolitan Life Insurance Company
for an aggregate purchase price of approximately $56.8 million. The
acquisition was funded from the Company's cash balances. Based on the
financial statements and related information available to the Company on the
date of the acquisition (December 18, 1997), such acquisition did not
constitute an acquisition of a "significant amount of assets" at such date.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) (b) It is not practical for the Company to provide required financial
statements and pro forma financial information for the acquired assets as of
the date hereof. The Company intends to file such financial information as
soon as it becomes available and in any event within 60 days of this Report
on Form 8-K.
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.
CAPSTAR HOTEL COMPANY
(Registrant)
By: /s/ JOHN EMERY
--------------------------
John Emery
Chief Financial Officer
Dated: March 17, 1998