SC 13D/A 1 tp13da-interstate_cglh.txt SCHEDULE 13D (AMENDMENT #2) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D AMENDMENT NO.2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Interstate Hotels & Resorts, Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock (Par Value $ 0.01 Per Share) -------------------------------------------------------------------------------- (Title of Class of Securities) 46088S 10 6 -------------------------------------------------------------------------------- (CUSIP Number) Jonathan L. Mechanic, Esq. Richard E. Schatz, Esq. Fried, Frank, Harris, Shriver & Jacobson Stearns Weaver Miller Weissler One New York Plaza Alhadeff & Sitterson, P.A. New York, NY 10004 150 West Flagler Street, Suite 2200 (212) 859-8000 Miami, Florida 33130 (305) 789-3570 Hughes & Luce LLP 1717 Main Street Suite 2800 Dallas, TX 75201 (214) 939-5425 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) September 30, 2003 -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box |_|. SCHEDULE 13D --------------------------------- CUSIP No. 46088S 10 6 --------------------------------- ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CGLH PARTNERS I LP ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS WC/AF ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ---------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 1,122,119 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 EACH ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 1,122,119 PERSON ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 0 ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,805,824* ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0%** ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ---------- --------------------------------------------------------------------- * Represents the aggregate amount of Common Stock beneficially owned by both CGLH Partners I LP and CGLH Partners II LP and includes 73,108 shares of Common Stock of which such entities are deemed to have beneficial ownership by virtue of Rule 13d-5(b)(1). See Item 5. ** Based on 20,622,004 shares of Common Stock issued and outstanding as at August 7, 2003, as disclosed by the Issuer on its Form 10-Q for the period ended June 30, 2003. SCHEDULE 13D --------------------------------- CUSIP No. 46088S 10 6 --------------------------------- ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CGLH PARTNERS II LP ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS WC/AF ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ---------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 5,610,597 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 EACH ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 5,610,597 PERSON ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 0 ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,805,824* ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33%** ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ---------- --------------------------------------------------------------------- * Represents the aggregate amount of Common Stock beneficially owned by both CGLH Partners I LP and CGLH Partners II LP and includes 73,108 shares of Common Stock of which such entities are deemed to have beneficial ownership by virtue of Rule 13d-5(b)(1). See Item 5. ** Based on 20,622,004 shares of Common Stock issued and outstanding as at August 7, 2003, as disclosed by the Issuer on its Form 10-Q for the period ended June 30, 2003. SCHEDULE 13D --------------------------------- CUSIP No. 46088S 10 6 --------------------------------- ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON LB INTERSTATE GP LLC ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS WC/AF ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ---------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 6,732,716 EACH ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,732,716 ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,805,824* ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0%** ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO ---------- --------------------------------------------------------------------- * Includes 73,108 shares of Common Stock of which such entities are deemed to have beneficial ownership by virtue of Rule 13d-5(b)(1). See Item 5. ** Based on 20,622,004 shares of Common Stock issued and outstanding as at August 7, 2003, as disclosed by the Issuer on its Form 10-Q for the period ended June 30, 2003. SCHEDULE 13D --------------------------------- CUSIP No. 46088S 10 6 --------------------------------- ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON LB INTERSTATE LP LLC ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS WC/AF ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ---------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 6,732,716 EACH ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,732,716 ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,805,824* ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0 %** ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO ---------- --------------------------------------------------------------------- * Includes 73,108 shares of Common Stock of which the Reporting Person is deemed to have beneficial ownership by virtue of Rule 13d-5(b)(1). See Item 5. ** Based on 20,622,004 shares of Common Stock issued and outstanding as at August 7, 2003, as disclosed by the Issuer on its Form 10-Q for the period ended June 30, 2003. SCHEDULE 13D --------------------------------- CUSIP No. 46088S 10 6 --------------------------------- ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON PAMI LLC ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS WC/AF ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ---------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 6,732,716 EACH ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,732,716 ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,805,824* ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0%** ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO ---------- --------------------------------------------------------------------- * Includes 73,108 shares of Common Stock of which the Reporting Person is deemed to have beneficial ownership by virtue of Rule 13d-5(b)(1). See Item 5. ** Based on 20,622,004 shares of Common Stock issued and outstanding as at August 7, 2003, as disclosed by the Issuer on its Form 10-Q for the period ended June 30, 2003. SCHEDULE 13D --------------------------------- CUSIP No. 46088S 10 6 --------------------------------- ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON PROPERTY ASSET MANAGEMENT INC. ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS WC/AF ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ---------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 6,732,716 EACH ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,732,716 ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,805,824* ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0%** ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO ---------- --------------------------------------------------------------------- * Includes 73,108 shares of Common Stock of which the Reporting Person is deemed to have beneficial ownership by virtue of Rule 13d-5(b)(1). See Item 5. ** Based on 20,622,004 shares of Common Stock issued and outstanding as at August 7, 2003, as disclosed by the Issuer on its Form 10-Q for the period ended June 30, 2003. SCHEDULE 13D --------------------------------- CUSIP No. 46088S 10 6 --------------------------------- ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON LEHMAN ALI INC. ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS WC/AF ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ---------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 6,732,716 EACH ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,732,716 ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,805,824* ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0%** ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO ---------- --------------------------------------------------------------------- * Includes 73,108 shares of Common Stock of which the Reporting Person is deemed to have beneficial ownership by virtue of Rule 13d-5(b)(1). See Item 5. ** Based on 20,622,004 shares of Common Stock issued and outstanding as at August 7, 2003, as disclosed by the Issuer on its Form 10-Q for the period ended June 30, 2003. SCHEDULE 13D --------------------------------- CUSIP No. 46088S 10 6 --------------------------------- ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON LEHMAN BROTHERS HOLDINGS INC. ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS WC ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ---------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 6,732,716 EACH ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,732,716 ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,805,824* ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0%** ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON HC/CO ---------- --------------------------------------------------------------------- * Includes 73,108 shares of Common Stock of which the Reporting Person is deemed to have beneficial ownership by virtue of Rule 13d-5(b)(1). See Item 5. ** Based on 20,622,004 shares of Common Stock issued and outstanding as at August 7, 2003, as disclosed by the Issuer on its Form 10-Q for the period ended June 30, 2003. SCHEDULE 13D --------------------------------- CUSIP No. 46088S 10 6 --------------------------------- ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON MK/CG GP LLC ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS WC/AF ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ---------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 6,732,716 EACH ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,732,716 ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,805,824* ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0%** ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO ---------- --------------------------------------------------------------------- * Includes 73,108 shares of Common Stock of which the Reporting Person is deemed to have beneficial ownership by virtue of Rule 13d-5(b)(1). See Item 5. ** Based on 20,622,004 shares of Common Stock issued and outstanding as at August 7, 2003, as disclosed by the Issuer on its Form 10-Q for the period ended June 30, 2003. SCHEDULE 13D --------------------------------- CUSIP No. 46088S 10 6 --------------------------------- ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON MK/CG LP LLC ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS WC/AF ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ---------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 6,732,716 EACH ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,732,716 ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,805,824* ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0%** ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO ---------- --------------------------------------------------------------------- * Includes 73,108 shares of Common Stock of which the Reporting Person is deemed to have beneficial ownership by virtue of Rule 13d-5(b)(1). See Item 5. ** Based on 20,622,004 shares of Common Stock issued and outstanding as at August 7, 2003, as disclosed by the Issuer on its Form 10-Q for the period ended June 30, 2003. SCHEDULE 13D --------------------------------- CUSIP No. 46088S 10 6 --------------------------------- ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CG INTERSTATE ASSOCIATES LLC ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS WC/AF ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ---------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 6,732,716 EACH ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,732,716 ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,805,824* ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0%** ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO ---------- --------------------------------------------------------------------- * Includes 73,108 shares of Common Stock of which the Reporting Person is deemed to have beneficial ownership by virtue of Rule 13d-5(b)(1). See Item 5. ** Based on 20,622,004 shares of Common Stock issued and outstanding as at August 7, 2003, as disclosed by the Issuer on its Form 10-Q for the period ended June 30, 2003. SCHEDULE 13D --------------------------------- CUSIP No. 46088S 10 6 --------------------------------- ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CONTINENTAL GENCOM HOLDINGS, LLC ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS WC/AF ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ---------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 6,732,716 EACH ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,732,716 ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,805,824* ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0%** ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO ---------- --------------------------------------------------------------------- * Includes 73,108 shares of Common Stock of which the Reporting Person is deemed to have beneficial ownership by virtue of Rule 13d-5(b)(1). See Item 5. ** Based on 20,622,004 shares of Common Stock issued and outstanding as at August 7, 2003, as disclosed by the Issuer on its Form 10-Q for the period ended June 30, 2003. SCHEDULE 13D --------------------------------- CUSIP No. 46088S 10 6 --------------------------------- ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SMW-IHC, LLC ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS WC/AF ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ---------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 6,732,716 EACH ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,732,716 ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,805,824* ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0%** ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO ---------- --------------------------------------------------------------------- * Includes 73,108 shares of Common Stock of which the Reporting Person is deemed to have beneficial ownership by virtue of Rule 13d-5(b)(1). See Item 5. ** Based on 20,622,004 shares of Common Stock issued and outstanding as at August 7, 2003, as disclosed by the Issuer on its Form 10-Q for the period ended June 30, 2003. SCHEDULE 13D --------------------------------- CUSIP No. 46088S 10 6 --------------------------------- ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DEL-IHC, LLC ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS WC/AF ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ---------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 6,732,716 EACH ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,732,716 ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,805,824* ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0%** ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO ---------- --------------------------------------------------------------------- * Includes 73,108 shares of Common Stock of which the Reporting Person is deemed to have beneficial ownership by virtue of Rule 13d-5(b)(1). See Item 5. ** Based on 20,622,004 shares of Common Stock issued and outstanding as at August 7, 2003, as disclosed by the Issuer on its Form 10-Q for the period ended June 30, 2003. SCHEDULE 13D --------------------------------- CUSIP No. 46088S 10 6 --------------------------------- ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON KFP INTERSTATE ASSOCIATES, LLC ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS WC/AF ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ---------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 6,732,716 EACH ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,732,716 ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,805,824* ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0%** ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO ---------- --------------------------------------------------------------------- * Includes 73,108 shares of Common Stock of which the Reporting Person is deemed to have beneficial ownership by virtue of Rule 13d-5(b)(1). See Item 5. ** Based on 20,622,004 shares of Common Stock issued and outstanding as at August 7, 2003, as disclosed by the Issuer on its Form 10-Q for the period ended June 30, 2003. SCHEDULE 13D --------------------------------- CUSIP No. 46088S 10 6 --------------------------------- ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON KFP INTERSTATE, LLC ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS WC/AF ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ---------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 6,732,716 EACH ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,732,716 ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,805,824* ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0%** ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO ---------- --------------------------------------------------------------------- * Includes 73,108 shares of Common Stock of which the Reporting Person is deemed to have beneficial ownership by virtue of Rule 13d-5(b)(1). See Item 5. ** Based on 20,622,004 shares of Common Stock issued and outstanding as at August 7, 2003, as disclosed by the Issuer on its Form 10-Q for the period ended June 30, 2003. SCHEDULE 13D --------------------------------- CUSIP No. 46088S 10 6 --------------------------------- ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON GROSVENOR, LC ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS WC/AF ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION TEXAS ---------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 6,732,716 EACH ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,732,716 ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,805,824* ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0%** ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO ---------- --------------------------------------------------------------------- * Includes 73,108 shares of Common Stock of which the Reporting Person is deemed to have beneficial ownership by virtue of Rule 13d-5(b)(1). See Item 5. ** Based on 20,622,004 shares of Common Stock issued and outstanding as at August 7, 2003, as disclosed by the Issuer on its Form 10-Q for the period ended June 30, 2003. SCHEDULE 13D --------------------------------- CUSIP No. 46088S 10 6 --------------------------------- ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON KFP HOLDINGS, LTD. ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS WC/AF ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION TEXAS ---------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 6,732,716 EACH ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,732,716 ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,805,824* ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0%** ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO ---------- --------------------------------------------------------------------- * Includes 73,108 shares of Common Stock of which the Reporting Person is deemed to have beneficial ownership by virtue of Rule 13d-5(b)(1). See Item 5. ** Based on 20,622,004 shares of Common Stock issued and outstanding as at August 7, 2003, as disclosed by the Issuer on its Form 10-Q for the period ended June 30, 2003. SCHEDULE 13D --------------------------------- CUSIP No. 46088S 10 6 --------------------------------- ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON QUADRANGLE TRUST COMPANY (BVI) LIMITED ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS WC/AF ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION BRITISH VIRGIN ISLANDS ---------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 6,732,716 EACH ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,732,716 ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,805,824* ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0%** ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO ---------- --------------------------------------------------------------------- * Includes 73,108 shares of Common Stock of which the Reporting Person is deemed to have beneficial ownership by virtue of Rule 13d-5(b)(1). See Item 5. ** Based on 20,622,004 shares of Common Stock issued and outstanding as at August 7, 2003, as disclosed by the Issuer on its Form 10-Q for the period ended June 30, 2003. SCHEDULE 13D --------------------------------- CUSIP No. 46088S 10 6 --------------------------------- ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SHERWOOD M. WEISER ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS PF ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA ---------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 23,330 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 6,732,716 EACH ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 23,330 PERSON ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,732,716 ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,805,824* ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0%** ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN ---------- --------------------------------------------------------------------- * Includes 49,778 shares of Common Stock of which the Reporting Person is deemed to have beneficial ownership by virtue of Rule 13d-5(b)(1). See Item 5. ** Based on 20,622,004 shares of Common Stock issued and outstanding as at August 7, 2003, as disclosed by the Issuer on its Form 10-Q for the period ended June 30, 2003. SCHEDULE 13D --------------------------------- CUSIP No. 46088S 10 6 --------------------------------- ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DONALD E. LEFTON ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS PF ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA ---------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 19,678 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 6,732,716 EACH ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 19,678 PERSON ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,732,716 ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,805,824* ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0%** ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN ---------- --------------------------------------------------------------------- * Includes 53,430 shares of Common Stock of which the Reporting Person is deemed to have beneficial ownership by virtue of Rule 13d-5(b)(1). See Item 5. ** Based on 20,622,004 shares of Common Stock issued and outstanding as at August 7, 2003, as disclosed by the Issuer on its Form 10-Q for the period ended June 30, 2003. SCHEDULE 13D --------------------------------- CUSIP No. 46088S 10 6 --------------------------------- ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON KARIM ALIBHAI ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS PF ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA ---------- --------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 30,100 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 6,732,716 EACH ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 30,100 PERSON ------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 6,732,716 ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,805,824* ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.0%** ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN ---------- --------------------------------------------------------------------- * Includes 43,008 shares of Common Stock of which the Reporting Person is deemed to have beneficial ownership by virtue of Rule 13d-5(b)(1). See Item 5. ** Based on 20,622,004 shares of Common Stock issued and outstanding as at August 7, 2003, as disclosed by the Issuer on its Form 10-Q for the period ended June 30, 2003. Pursuant to Rule 13d-2(a) of Regulation 13D of the general Rules and Regulations under the Securities Exchange Act of 1934, as amended, the undersigned hereby amend their Schedule 13D statement filed with the Securities and Exchange Commission on August 12, 2002 as amended on September 10, 2002 (the "Original Statement"), relating to the shares of common stock, par value $.01 per share (the "Common Stock") of Interstate Hotels & Resorts, Inc., a Delaware corporation (the "Company") as set forth herein. Capitalized terms used herein but not defined shall have the meanings set forth in the Original Statement. The Reporting Persons have entered into a Joint Filing Agreement, dated as of September 30, 2003, a copy of which is attached hereto as Exhibit 99.1. Neither the fact of this filing nor anything contained herein shall be deemed an admission by the Reporting Persons that the constitute a "group" as such term is used in Section 13(d)(1)(k) of the rules and regulations under the Exchange Act. ITEM 5. IDENTITY AND BACKGROUND. On September 30, 2003 CGLH Partners I LP disposed of an aggregate of 27,881 shares of the Company's Common Stock and CGLH Partners II LP disposed of an aggregate of 139,403 shares of the Company's Common Stock pursuant to an effective registration statement, each in satisfaction of existing contractual obligations. This statement also reflects the acquisition of beneficial ownership of 2,500 shares of the Company's Common Stock by each of Mr. Weiser and Mr. Alibhai pursuant to directors' stock options which have vested and become exercisable. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. 99.1 Joint Filing Agreement 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. September 30, 2003 CGLH Partners I LP By: /s/ Joseph J. Flannery -------------------------------- Name: Joseph J. Flannery Title: Authorized Signatory CGLH Partners II LP By: /s/ Joseph J. Flannery -------------------------------- Name: Joseph J. Flannery Title: Authorized Signatory LB Interstate GP LLC By: /s/ Joseph J. Flannery -------------------------------- Name: Joseph J. Flannery Title: Authorized Signatory LB Interstate LP LLC By: /s/ Joseph J. Flannery -------------------------------- Name: Joseph J. Flannery Title: Authorized Signatory PAMI LLC By: /s/ Joseph J. Flannery -------------------------------- Name: Joseph J. Flannery Title: Authorized Signatory Property Asset Management Inc. By: /s/ Joseph J. Flannery -------------------------------- Name: Joseph J. Flannery Title: Authorized Signatory Lehman ALI Inc. By: /s/ Joseph J. Flannery -------------------------------- Name: Joseph J. Flannery Title: Authorized Signatory Lehman Brothers Holdings Inc. By: /s/ Joseph J. Flannery -------------------------------- Name: Joseph J. Flannery Title: Authorized Signatory MK/CG GP LLC By: /s/ Donald E. Lefton -------------------------------- Name: Donald E. Lefton Title: Authorized Signatory MK/CG LP LLC By: /s/ Donald E. Lefton -------------------------------- Name: Donald E. Lefton Title: Authorized Signatory CG Interstate Associates LLC By: /s/ Donald E. Lefton -------------------------------- Name: Donald E. Lefton Title: Authorized Signatory Continental Gencom Holdings, LLC By: /s/ Donald E. Lefton -------------------------------- Name: Donald E. Lefton Title: Authorized Signatory DEL-IHC, LLC By: /s/ Donald E. Lefton -------------------------------- Name: Donald E. Lefton Title: Authorized Signatory Donald E. Lefton /s/ Donald E. Lefton ----------------------------------- SMW-IHC, LLC By: /s/ Sherwood M. Weiser -------------------------------- Name: Sherwood M. Weiser Title: Authorized Signatory Sherwood M. Weiser /s/ Sherwood M. Weiser ----------------------------------- KFP Interstate Associates, LLC By: /s/ Jaffer Khimji -------------------------------- Name: Jaffer Khimji Title: Authorized Signatory KFP Interstate, LLC By: /s/ Jaffer Khimji -------------------------------- Name: Jaffer Khimji Title: Authorized Signatory Grosvenor, LC By: /s/ Jaffer Khimji -------------------------------- Name: Jaffer Khimji Title: Authorized Signatory Quadrangle Trust Company (BVI) Limited as trustee of The Newlyn Trust By: /s/ Nicholas Lane and Euan O'Neill -------------------------------- Name: Nicholas Lane / Euan O'Neill Title: Authorized Signatories KFP Holdings, Ltd. By: /s/ Jaffer Khimji -------------------------------- Name: Jaffer Khimji Title: Authorized Signature Karim Alibhai /s/ Karim Alibhai -----------------------------------