-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VBoVGr8KEHtKtMN3cZmPtUVE/PS+OK90S2JkK61dMzR45HwyVHVRQyFosM6SiAGi oH0iVQYJMsnWEAQiGI+FCg== 0001411686-07-000058.txt : 20071108 0001411686-07-000058.hdr.sgml : 20071108 20071108102624 ACCESSION NUMBER: 0001411686-07-000058 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20071108 DATE AS OF CHANGE: 20071108 GROUP MEMBERS: HARLAN B. KORENVAES GROUP MEMBERS: KORENVAES CAPITAL PARTNERS LP GROUP MEMBERS: KORENVAES LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Key Hospitality Acquisition CORP CENTRAL INDEX KEY: 0001326959 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 202742464 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-81105 FILM NUMBER: 071223837 BUSINESS ADDRESS: STREET 1: 4 BECKER FARM ROAD CITY: ROSELAND STATE: NJ ZIP: 07068 BUSINESS PHONE: 973-992-3707 MAIL ADDRESS: STREET 1: 4 BECKER FARM ROAD CITY: ROSELAND STATE: NJ ZIP: 07068 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Korenvaes Capital Management LP CENTRAL INDEX KEY: 0001416088 IRS NUMBER: 200173173 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 200 CRESCENT COURT STREET 2: SUITE 1070 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 214-871-8600 MAIL ADDRESS: STREET 1: 200 CRESCENT COURT STREET 2: SUITE 1070 CITY: DALLAS STATE: TX ZIP: 75201 SC 13G 1 form13g.htm SCHEDULE 13G FILED BY KORENVAES CAPITAL MANAGEMENT LP, ISSUER KEY HOSPITALITY ACQUISITION CORP 11-8-2007 form13g.htm
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*


Key Hospitality Acquisition Corporation
-------------------------------------------------------------------------------
(Name of Issuer)

Common Stock
-------------------------------------------------------------------------------
(Title of Class of Securities)

49308X103
----------------------------------------
(CUSIP Number)

November 5, 2007
-------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[  ]           Rule 13d-1(b)

[X]           Rule 13d-1(c)

[  ]           Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMD control number.

SEC 1745 (3-06)


PAGE 1 OF 8

-----------------------------------------------------------
 
CUSIP No.  49308X103
-----------------------------------------------------------
 
---------------------------------------------------------------------------------------------------------------------------------
1
Names of Reporting Persons
 
I.R.S. Identification Nos. of above persons (entities only)
 
 
Korenvaes Capital Management LP
 
20-0173173
---------------------------------------------------------------------------------------------------------------------------------
2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
 
(a)  [   ]
 
(b)  [ X ]
---------------------------------------------------------------------------------------------------------------------------------
3
SEC Use Only
---------------------------------------------------------------------------------------------------------------------------------
4
Citizenship or Place of Organization
 
 
Texas
---------------------------------------------------------------------------------------------------------------------------------
Number of
5
Sole Voting Power                   407,200
---------------------------------------------------------------------------------------------------------------------------------
Shares
 
Beneficially
6
Shared Voting Power                   0
---------------------------------------------------------------------------------------------------------------------------------
Owned by
 
Each
7
Sole Dispositive Power            407,200
---------------------------------------------------------------------------------------------------------------------------------
Reporting
 
Person With:
8
Shared Dispositive Power            0
---------------------------------------------------------------------------------------------------------------------------------
 
9
Aggregate Amount Beneficially Owned by Each Reporting Person
 
 
407,200
----------------------------------------------------------------------------------------------------------------------------------------------------------------
10
Check if the Aggregate Amount in Row (9) Excludes Certain Shares  (See Instructions)     [  ]
   
----------------------------------------------------------------------------------------------------------------------------------------------------------------
11
Percent of Class Represented by Amount in Row (9)
 
 
5.1%
----------------------------------------------------------------------------------------------------------------------------------------------------------------
12
Type of Reporting Person (See Instructions)
 
 
IA, PN
----------------------------------------------------------------------------------------------------------------------------------------------------------------
 
 

PAGE 2 OF 8

---------------------------------------------------------
 
CUSIP No.  49308X103
---------------------------------------------------------
 
---------------------------------------------------------------------------------------------------------------------------------
1
Names of Reporting Persons
 
I.R.S. Identification Nos. of above persons (entities only)
 
 
Harlan B. Korenvaes
---------------------------------------------------------------------------------------------------------------------------------
2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
 
(a)  [  ]
 
(b)  [ X ]
---------------------------------------------------------------------------------------------------------------------------------
3
SEC Use Only
---------------------------------------------------------------------------------------------------------------------------------
4
Citizenship or Place of Organization
 
 
United States
---------------------------------------------------------------------------------------------------------------------------------
Number of
5
Sole Voting Power                 407,200
  --------------------------------------------------------------------------------------------------------------------------------
Shares
 
Beneficially
6
Shared Voting Power                 0
  --------------------------------------------------------------------------------------------------------------------------------
Owned by
 
Each
7
Sole Dispositive Power          407,200
  --------------------------------------------------------------------------------------------------------------------------------
Reporting
 
Person With:
8
Shared Dispositive Power          0
---------------------------------------------------------------------------------------------------------------------------------
 
9
Aggregate Amount Beneficially Owned by Each Reporting Person
   
 
407,200
------------------------------------------------------------------------------------------------------------------------------------------------------------------
10
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  [  ]
   
-------------------------------------------------------------------------------------------------------------------------------------------------------------------
11
Percent of Class Represented by Amount in Row (9)
 
 
5.1%
-------------------------------------------------------------------------------------------------------------------------------------------------------------------
12
Type of Reporting Person (See Instructions)
 
 
IN, HC
-------------------------------------------------------------------------------------------------------------------------------------------------------------------
 
 
PAGE 3 OF 8

----------------------------------------------------------
 
CUSIP No.  49308X103
----------------------------------------------------------
 
---------------------------------------------------------------------------------------------------------------------------------
1
Names of Reporting Persons
 
I.R.S. Identification Nos. of above persons (entities only)
 
 
Korenvaes LLC
 
20-1419253
---------------------------------------------------------------------------------------------------------------------------------
2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
 
(a)  [  ]
 
(b)  [ X ]
---------------------------------------------------------------------------------------------------------------------------------
3
SEC Use Only
---------------------------------------------------------------------------------------------------------------------------------
4
Citizenship or Place of Organization
 
 
Texas
---------------------------------------------------------------------------------------------------------------------------------
Number of
5
Sole Voting Power                   407,200
  --------------------------------------------------------------------------------------------------------------------------------
Shares
 
Beneficially
6
Shared Voting Power                   0
  --------------------------------------------------------------------------------------------------------------------------------
Owned by
 
Each
7
Sole Dispositive Power           407,200
  --------------------------------------------------------------------------------------------------------------------------------
Reporting
 
Person With:
8
Shared Dispositive Power            0
----------------------------------------------------------------------------------------------------------------------------------
 
9
Aggregate Amount Beneficially Owned by Each Reporting Person
 
 
407,200
------------------------------------------------------------------------------------------------------------------------------------------------------------------
10
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  [  ]
   
-------------------------------------------------------------------------------------------------------------------------------------------------------------------
11
Percent of Class Represented by Amount in Row (9)
 
 
5.1%
-------------------------------------------------------------------------------------------------------------------------------------------------------------------
12
Type of Reporting Person (See Instructions)
 
 
OO
-------------------------------------------------------------------------------------------------------------------------------------------------------------------
 

PAGE 4 OF 8

---------------------------------------------------------
 
CUSIP No.  49308X103
---------------------------------------------------------
 
---------------------------------------------------------------------------------------------------------------------------------
1
Names of Reporting Persons
 
I.R.S. Identification Nos. of above persons (entities only)
 
 
Korenvaes Capital Partners LP
 
20-0254791
---------------------------------------------------------------------------------------------------------------------------------
2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
 
(a)  [  ]
 
(b)  [ X ]
---------------------------------------------------------------------------------------------------------------------------------
3
SEC Use Only
---------------------------------------------------------------------------------------------------------------------------------
4
Citizenship or Place of Organization
 
 
Delaware
---------------------------------------------------------------------------------------------------------------------------------
Number of
5
Sole Voting Power                        0
  --------------------------------------------------------------------------------------------------------------------------------
Shares
 
Beneficially
6
Shared Voting Power               407,200
  --------------------------------------------------------------------------------------------------------------------------------
Owned by
 
Each
7
Sole Dispositive Power                 0
  --------------------------------------------------------------------------------------------------------------------------------
Reporting
 
Person With:
8
Shared Dispositive Power        407,200
---------------------------------------------------------------------------------------------------------------------------------
 
9
Aggregate Amount Beneficially Owned by Each Reporting Person
 
 
407,200
-----------------------------------------------------------------------------------------------------------------------------------------------------------------
10
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  [  ]
   
-----------------------------------------------------------------------------------------------------------------------------------------------------------------
11
Percent of Class Represented by Amount in Row (9)
 
 
5.1%
-----------------------------------------------------------------------------------------------------------------------------------------------------------------
12
Type of Reporting Person (See Instructions)
 
 
PN
-----------------------------------------------------------------------------------------------------------------------------------------------------------------
 

PAGE 5 OF 8
 

 
Item 1(a)
Name of Issuer
   
 
Key Hospitality Acquisition Corporation
   
Item 1(b)
Address of Issuer's Principal Executive Offices
   
 
4 Becker Farm Road
 
Roseland, New Jersey 07068
   
Item 2(a)
Name of Person Filing
   
 
Korenvaes Capital Management LP, Harlan B. Korenvaes, Korenvaes LLC, and Korenvaes Capital Partners LP.
 
Harlan B. Korenvaes is the managing member and control person of Korenvaes LLC.  Korenvaes LLC is the general partner of Korenvaes Capital Management LP.  Korenvaes Capital Management LP is the general partner and investment manager of Korenvaes Capital Partners LP, a security holder of the issuer.
   
Item 2(b)
Address of Principal Business Office or, if none, Residence
   
 
200 Crescent Court, Suite 1070
Dallas, TX 75201
 
Item 2(c)
Citizenship
   
 
See the response(s) to Item 4 on the attached cover page(s).
   
Item 2(d)
Title of Class of Securities
   
 
Common Stock
   
Item 2(e)
CUSIP Number
   
 
49308X103
   
Item 3
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: 
   
 
Not Applicable


PAGE 6 OF 8
 
 
Item 4
Ownership
 
 
 (a)
Amount Beneficially owned:
 
See the response(s) to Item 9 on the attached cover page(s).
 
 
 (b)
Percent of Class:
 
See the response(s) to Item 11 on the attached cover page(s).
   
 
 (c)
Number of shares as to which the person has:
 
 
(i)
Sole power to vote or to direct the vote:
   
See the response(s) to Item 5 on the attached cover page(s).
 
 
(ii)
Shared power to vote or to direct the vote:
   
See the response(s) to Item 6 on the attached cover page(s).
 
 
(iii)
Sole power to dispose or to direct the disposition of:
   
See the response(s) to Item 7 on the attached cover page(s).
 
 
(iv)
Shared power to dispose or to direct the disposition of:
  
  
See the response(s) to Item 8 on the attached cover page(s).
 
 
Item 5
Ownership of Five Percent or Less of a Class.
 
Not Applicable.
 
Item 6
Ownership of More Than Five Percent on Behalf of Another Person.
 
Not Applicable.
 
Item 7
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
 
Not Applicable.
 
Item 8
Identification and Classification of Members of the Group.
 
Not Applicable.
 
Item 9
Notice of Dissolution of Group.
 
Not Applicable.
 
Item 10
Certification.
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


PAGE 7 OF 8
 

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.


DATE:
November 8, 2007
    
 
KORENVAES CAPITAL MANAGEMENT LP
  
     
   
 
By:  KORENVAES LLC
  
 
        General Partner
  
     
 
By: /s/ HARLAN B. KORENVAES
  
   
  Name: Harlan B. Korenvaes   
 
Title:   Managing Member
  
     
     
 
/s/  HARLAN B. KORENVAES
  
   
 
Name: Harlan B. Korenvaes
  
     
   
KORENVAES LLC
  
     
 
By: /s/ HARLAN B. KORENVAES
  
     
 
Name: Harlan B. Korenvaes
  
 
Title:   Managing Member
  
     
     
 
KORENVAES CAPITAL PARTNERS LP
  
     
 
By:  KORENVAES CAPITAL MANAGEMENT LP
  
 
        General Partner
  
     
 
By:  KORENVAES LLC
  
 
        General Partner
  
     
 
By: /s/ HARLAN B. KORENVAES
  
     
 
Name: Harlan B. Korenvaes
  
 
Title:   Managing Member
  

 

 
PAGE 8 OF 8

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