-----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, C5dkQG5xMfDYEQMM6H/qnzZW85ME/dgAD2hAxbuN0WYzuh0YLsbeVDLYK70SZKbl an7IPlFO9hNb0Dda8BQ+aQ== 0001047469-99-016056.txt : 19990426 0001047469-99-016056.hdr.sgml : 19990426 ACCESSION NUMBER: 0001047469-99-016056 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990423 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WESTIN HOTELS LTD PARTNERSHIP CENTRAL INDEX KEY: 0000790549 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 911328985 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-54933 FILM NUMBER: 99599731 BUSINESS ADDRESS: STREET 1: WESTIN BLDG STREET 2: 2001 SIXTH AVE CITY: SEATTLE STATE: WA ZIP: 98121 BUSINESS PHONE: 2064435000 MAIL ADDRESS: STREET 1: 2001 SIXTH AVENUE CITY: SEATTLE STATE: WA ZIP: 98121 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ARLEN CAPITAL LLC CENTRAL INDEX KEY: 0001036045 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 330580997 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1650 HOTEL CIRCLE NORTH STREET 2: SUITE 200 CITY: SAN DIEGO STATE: CA ZIP: 92108 BUSINESS PHONE: 6196862002 MAIL ADDRESS: STREET 1: 1650 HOTEL CIRCLE NORTH STREET 2: SUITE 200 CITY: SAN DIEGO STATE: CA ZIP: 92108 FORMER COMPANY: FORMER CONFORMED NAME: ARLEN CAPITAL ADVISORS LLC DATE OF NAME CHANGE: 19970319 SC 13D/A 1 SC13D/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------- SCHEDULE 14D-1/A TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1) OF THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 3) FINAL AMENDMENT AND SCHEDULE 13D (AMENMENT NO.1) ------------- WESTIN HOTELS LIMITED PARTNERSHIP A DELAWARE LIMITED PARTNERSHIP (NAME OF SUBJECT COMPANY) KALMIA INVESTORS, LLC A DELAWARE LIMITED LIABILITY COMPANY ARLEN CAPITAL, LLC A CALIFORNIA LIMITED LIABILITY COMPANY (Bidder) UNITS OF LIMITED PARTNERSHIP INTERESTS (TITLE OF CLASS OF SECURITIES) 960 377 109 (CUSIP Number of Class of Securities) Arlen Capital, LLC Don Augustine, Manager 1650 Hotel Circle North - Suite 200 San Diego, California 92108 (619) 686-2002 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Bidder) With a copy to: Peter R. Pancione, Esq. Gipson Hoffman & Pancione 1901 Avenue of the Stars - Suite 1100 Los Angeles, California 90067 Telephone: (310) 556-4660 Facsimile: (310) 556-8945 14D-1/A AND 13D - ----------------------- ----------------------- CUSIP NO. 960377109 Page 2 of 4 Pages - ----------------------- ----------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1. Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons Kalmia Investors, LLC - IRS Identification #41-1848556 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) / / (b) / / - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Sources of Funds (See Instructions) WC - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(e) or 2(f) / / - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization State of Delaware - -------------------------------------------------------------------------------- 7. Aggregate Amount Beneficially Owned By Each Reporting Person 12,030 Limited Partnership Interests - -------------------------------------------------------------------------------- 8. Check if the Aggregate in Row (7) Excludes Certain Shares (See Instructions) / / - -------------------------------------------------------------------------------- 9. Percent of Class Represented by Amount in Row (7) Approximately 8.87 percent of the issued and outstanding Limited Partnership Interests - -------------------------------------------------------------------------------- 10. Type of Reporting Persons (See Instructions) OO - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 14D-1/A AND 13D - ----------------------- ----------------------- CUSIP NO. 960377109 Page 3 of 4 Pages - ----------------------- ----------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1. Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons Arlen Capital, LLC - IRS Identification #33-0713478 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) / / (b) / / - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Sources of Funds (See Instructions) AF - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(e) or 2(f) / / - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization State of California - -------------------------------------------------------------------------------- 7. Aggregate Amount Beneficially Owned By Each Reporting Person 12,030 Limited Partnership Interests - -------------------------------------------------------------------------------- 8. Check if the Aggregate in Row (7) Excludes Certain Shares (See Instructions) / / - -------------------------------------------------------------------------------- 9. Percent of Class Represented by Amount in Row (7) Approximately 8.87 percent of the issued and outstanding Limited Partnership Interests - -------------------------------------------------------------------------------- 10. Type of Reporting Persons (See Instructions) OO - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- AMENDMENT NO. 3 TO SCHEDULE 14D-1/ AMENDMENT NO. 1 TO SCHEDULE 13D This Amendment No.3 constitutes (i) the final amendment to the Tender Offer Statement on Schedule 14D-1 as amended and supplemented by Amendment No. 1 and Amendment No. 2 thereto, filed by Kalmia Investors, L.L.C. a Delaware limited partnership (the "Purchaser") and Arlen Capital, LLC, originally filed with the Securities and Exchange Commission (the "Commission") on February 1, 1999 (the "Schedule 14D-1"); and (ii) Amendment No. 1 to Schedule 13D of the Purchaser (together with the Schedule 14D-1 and the amendments thereto, the "Schedules"). The Schedules relate to the the tender offer of the Purchaser to purchase up to 4,900 units of limited partnership interests including any rights attributable to claims, damages, recoveries, including recoveries from any class action lawsuits, and causes of action accruing to the ownership of such units of limited partnership interests ("Units") in Westin Hotels Limited Partnership, a Delaware limited partnership (the "Partnership"), at a purchase price of $1,000 net per Unit, without interest, and less the amount of any cash distributions declared or paid, including any return of capital made in cash with respect to the Units after March 16, 1999 (the "Purchase Price"), upon the terms and conditions set forth in the Offer to Purchase dated February 1, 1999 and in the related Agreement of Sale (which, together with any supplements or amendments, collectively constitute the "Offer"). Terms not otherwise defined herein shall have the meaning ascribed to them in the Schedule 14D-1 and the Offer to Purchase. Item 4. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Item 4 (a) is hereby supplemented and amended as follows: "The total amount of funds required by the Purchaser to purchase the 3,220 Units accepted for payment pursuant to the Offer, exclusive of fees and expenses, is $3,220,000. The Purchaser obtained such funds (plus amounts to pay fees and expenses) from its cash on hand working capital." Item 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY. Item 6 (a) - (b) is hereby supplemented and amended as follows: "The Offer expired at 12:00 Midnight, Eastern Time, on Tuesday, April 6, 1999. The Purchaser accepted for payment 3,220 Units, constituting approximately 2.37 percent of the outstanding Units. To date, the Purchaser has accepted for payment, a total of 12,030 Units, constituting approximately 8.87 percent of the outstanding Units." SIGNATURE After due 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. Dated: April 23, 1999 KALMIA INVESTORS, LLC By: Arlen Capital, LLC its Manager By: /s/ Don Augustine -------------------------------- Don Augustine, Manager ARLEN CAPITAL, LLC By: /s/ Don Augustine -------------------------------- Don Augustine, Manager -----END PRIVACY-ENHANCED MESSAGE-----