-----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, Fmr8Lj9vH4w0duAm7pV11IjUb9MZRKBPBf18H2s/pWV9cxFuVO6mtg7exRyFXR8T mta9SdACi9G0VFnLQ3zp3A== 0000950153-03-002487.txt : 20031212 0000950153-03-002487.hdr.sgml : 20031212 20031212161543 ACCESSION NUMBER: 0000950153-03-002487 CONFORMED SUBMISSION TYPE: SC TO-T/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20031212 GROUP MEMBERS: WHLP ACQUISITION LLC 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 13E3/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-54933 FILM NUMBER: 031052110 BUSINESS ADDRESS: STREET 1: 777 WESTCHESTER AVE CITY: WHITE PLAINS STATE: NY ZIP: 10604 BUSINESS PHONE: 2064435000 MAIL ADDRESS: STREET 1: 2001 SIXTH AVENUE CITY: SEATTLE STATE: WA ZIP: 98121 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 TO-T/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-54933 FILM NUMBER: 031052111 BUSINESS ADDRESS: STREET 1: 777 WESTCHESTER AVE CITY: WHITE PLAINS STATE: NY ZIP: 10604 BUSINESS PHONE: 2064435000 MAIL ADDRESS: STREET 1: 2001 SIXTH AVENUE CITY: SEATTLE STATE: WA ZIP: 98121 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STARWOOD HOTEL & RESORTS WORLDWIDE INC CENTRAL INDEX KEY: 0000316206 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 521193298 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-T/A BUSINESS ADDRESS: STREET 1: 1111 WESTCHESTER AVENUE CITY: WHITE PLAINS STATE: NY ZIP: 10604 BUSINESS PHONE: 9146408100 MAIL ADDRESS: STREET 1: 2231 E CAMELBACK RD. 4TH FL STREET 2: SUITE 4O0 CITY: PHOENIX STATE: AZ ZIP: 85016 FORMER COMPANY: FORMER CONFORMED NAME: STARWOOD LODGING CORP DATE OF NAME CHANGE: 19950215 FORMER COMPANY: FORMER CONFORMED NAME: HOTEL INVESTORS CORP DATE OF NAME CHANGE: 19920703 SC TO-T/A 1 p68508esctovtza.htm SC TO-T/A sctovtza
 

________________________________________________________________________________
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


Schedule TO

(Rule 14d-100)
TENDER OFFER STATEMENT
UNDER SECTION 14(d)(1) OR 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)


Westin Hotels Limited Partnership

(Name of Subject Company)

Starwood Hotels & Resorts Worldwide, Inc.

WHLP Acquisition LLC

(Names of Offerors)


UNITS OF LIMITED PARTNERSHIP INTEREST

(Title of Class of Securities)

960 377 109

(CUSIP Number of Class of Securities)

Kenneth S. Siegel, Esq.

Executive Vice President, General Counsel and Secretary
Starwood Hotels & Resorts Worldwide, Inc.
1111 Westchester Avenue
White Plains, NY 10604
(914) 640-8100
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Filing Persons)


Copies to:

Thomas W. Christopher, Esq.

Kirkland & Ellis LLP
153 East 53rd Street
New York, New York 10022
(212) 446-4800

CALCULATION OF FILING FEE

     


Transaction Valuation: Amount of Filing Fee:

$84,750,000*
  $6,856.28**


  *  Estimated for purposes of calculating the amount of filing fee only. Transaction value was derived by multiplying 135,600 (the number of units of limited partnership interest of registrant outstanding as of October 15, 2003 according to the Schedule 14D-9 filed by the registrant with the Securities and Exchange Commission on October 16, 2003) by $625 (the purchase price per unit offered to be purchased).

**  Previously paid. The amount of the filing fee, calculated in accordance with Rule 0-11 of the Securities and Exchange Act of 1934, as amended, and Fee Advisory #11 for Fiscal Year 2003 issued by the Securities and Exchange Commission on February 21, 2003, equals 0.008090% of the transaction valuation.

o Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
 
o Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

     þ    Third-party tender offer subject to Rule 14d-1

     o    Issuer tender offer subject to Rule 13e-4.

     þ    Going-private transaction subject to Rule 13e-3.

     o    Amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer:    o




 

SCHEDULE TO

      This Amendment No. 4 to the Tender Offer Statement on Schedule TO relates to an offer by WHLP Acquisition LLC (the “Purchaser”), a Delaware limited liability company and wholly owned subsidiary of Starwood Hotels & Resorts Worldwide, Inc., a Maryland corporation (“Starwood” and together with the Purchaser, the “Filing Persons”) for all of the outstanding units of limited partnership interest (the “Units”) of Westin Hotels Limited Partnership, a Delaware limited partnership (the “Partnership”), at a cash price of $625 per Unit, without interest, reduced by the amount of distributions per Unit, if any, declared or paid by the Partnership from October 1, 2003 until the date on which Purchaser purchases the Units tendered pursuant to the Offer to Purchase and Solicitation Statement, dated November 4, 2003, as it may be supplemented or amended from time to time (the “Offer to Purchase”), upon the terms of and subject to the conditions set forth in the Offer to Purchase and the related Agreement of Assignment and Transfer, as it may be supplemented or amended from time to time (the “Agreement of Assignment and Transfer,” which, together with the Offer to Purchase, constitutes the “Offer”). Because the Offer to Purchase is also serving as a solicitation statement relating to a consent solicitation by the Filing Persons, it has also been filed as part of the Definitive Proxy Statement filed on Schedule 14A by the Filing Persons. Because the tender offer is also a Rule 13e-3 transaction, this Schedule TO is also being filed on the date hereof in compliance with that rule.

      The information set forth in the Offer to Purchase, including all schedules and annexes thereto, and the Agreement of Assignment and Transfer is hereby incorporated by reference herein in answer to the items of the Schedule TO amended hereby.

Item 5.     Past Contracts, Transactions, Negotiations and Agreements.

      Item 5 of the Schedule TO is hereby amended and supplemented to amend and supplement the information set forth in “SPECIAL FACTORS — Background to the Offer” of the Offer to Purchase as follows:

      (b) Significant Corporate Events. On December 8, 2003, employees of Starwood contacted representatives of Kalmia and participated in a conference call with them to discuss the Offer. During that call, the representatives of Kalmia indicated that at that time Kalmia did not intend to tender its Units to Starwood in the Offer in the current context.

Item 12.     Exhibits.

     
(a)(1)(A)
  Offer to Purchase.*
(a)(1)(B)
  Agreement of Assignment and Transfer.*
(a)(1)(C)
  Consent Form.*
(a)(1)(D)
  Notice of Withdrawal from the Offer.*
(a)(1)(E)
  Notice of Withdrawal from the Kalmia Offer.*
(a)(1)(F)
  Letter to Unitholders.*
(a)(3)
  Offer to Purchase (filed as Exhibit (a)(1)(A) above).
(a)(5)(A)
  Text of Starwood press release, dated August 4, 2003.(1)
(a)(5)(B)
  Text of Starwood press release, dated August 20, 2003.(2)
(a)(5)(C)
  Letter to Unitholders, dated August 22, 2003.(3)
(a)(5)(D)
  Text of Starwood press release, dated August 28, 2003.(4)
(a)(5)(E)
  Letter to Unitholders, dated September 23, 2003.(5)
(a)(5)(F)
  Letter to Unitholders, dated October 30, 2003.(6)
(a)(5)(G)
  Text of Starwood press release, dated October 30, 2003.(7)
(a)(5)(H)
  Text of Starwood press release, dated November 4, 2003.(8)

2


 

     
(a)(5)(I)
  Text of Starwood Press Release, dated December 5, 2003.(9)
(d)(1)
  Amended and Restated Agreement of Limited Partnership of Westin Hotels Limited Partnership dated as of December 31, 1986, as amended.(10)
(d)(2)
  Merger Agreement (included as Annex F to the Offer to Purchase and Solicitation Statement filed as Exhibit (a)(1)(A) above).
(d)(3)
  Letter to the Board of Directors of the general partner of the Partnership, dated November 21, 2003.(11)
(d)(4)
  Text of Partnership Press Release dated November 25, 2003.(12)


  * Previously filed.

(1)  Incorporated by reference from the Schedule TO filed with the SEC by the Filing Persons on August 4, 2003.
 
(2)  Incorporated by reference from the Schedule TO filed with the SEC by the Filing Persons on August 20, 2003.
 
(3)  Incorporated by reference from the Schedule TO filed with the SEC by the Filing Persons on August 25, 2003.
 
(4)  Incorporated by reference from the Schedule TO filed with the SEC by the Filing Persons on August 28, 2003.
 
(5)  Incorporated by reference from the Schedule TO filed with the SEC by the Filing Persons on September 24, 2003.
 
(6)  Incorporated by reference from the Schedule TO filed with the SEC by the Filing Persons on October 30, 2003.
 
(7)  Incorporated by reference from the Schedule TO filed with the SEC by the Filing Persons on October 30, 2003.
 
(8)  Incorporated by reference from the Schedule TO filed with the SEC by the Filing Persons on November 4, 2003.
 
(9)  Incorporated by reference from the Schedule TO filed with the SEC by the Filing Persons on December 5, 2003.
 
(10)  Incorporated by reference from Exhibit (d)(1) to the Schedule TO filed with the SEC by the Filing Persons on August 27, 2003.
 
(11)  Incorporated by reference from the Schedule TO filed with the SEC by the Filing Persons on November 21, 2003.
 
(12)  Incorporated by reference from Exhibit (a)(1)(A) to Amendment No. 1 to the Schedule 14D-9 filed with the SEC by the Partnership on November 25, 2003.

                Item 13.     Information Required By Schedule 13e-3.

       Item 5 of Item 13 of the Schedule TO is hereby amended and supplemented to amend and supplement the information set forth in “SPECIAL FACTORS — Background to the Offer” of the Offer to Purchase as follows:

                Item 5.     Past Contracts, Transactions, Negotiations and Agreements.

      (c) Negotiations or Contacts. On December 8, 2003, employees of Starwood contacted representatives of Kalmia and participated in a conference call with them to discuss the Offer. During that call, the representatives of Kalmia indicated that at that time Kalmia did not intend to tender its Units to Starwood in the Offer in the current context.

3


 

      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.

  STARWOOD HOTELS & RESORTS
  WORLDWIDE, INC.
 
  By: /s/ KENNETH S. SIEGEL
 
            Name: Kenneth S. Siegel
            Title:  Executive Vice President and General Counsel
            Date:  December 12, 2003
 
  WHLP ACQUISITION LLC
 
  By: /s/ KENNETH S. SIEGEL
 
            Name: Kenneth S. Siegel
            Title:  Vice President and Secretary
            Date:  December 12, 2003

4


 

EXHIBIT INDEX

     
Exhibit No. Description


(a)(1)(A)
  Offer to Purchase.*
(a)(1)(B)
  Agreement of Assignment and Transfer.*
(a)(1)(C)
  Consent Form.*
(a)(1)(D)
  Notice of Withdrawal from the Offer.*
(a)(1)(E)
  Notice of Withdrawal from the Kalmia Offer.*
(a)(1)(F)
  Letter to Unitholders.*
(a)(3)
  Offer to Purchase (filed as Exhibit (a)(1)(A) above).
(a)(5)(A)
  Text of Starwood press release, dated August 4, 2003.(1)
(a)(5)(B)
  Text of Starwood press release, dated August 20, 2003.(2)
(a)(5)(C)
  Letter to Unitholders, dated August 22, 2003.(3)
(a)(5)(D)
  Text of Starwood press release, dated August 28, 2003.(4)
(a)(5)(E)
  Letter to Unitholders, dated September 23, 2003.(5)
(a)(5)(F)
  Letter to Unitholders, dated October 30, 2003.(6)
(a)(5)(G)
  Text of Starwood press release, dated October 30, 2003.(7)
(a)(5)(H)
  Text of Starwood press release, dated November 4, 2003.(8)
(a)(5)(I)
  Text of Starwood Press Release, dated December 5, 2003.(9)
(c)(1)
  Houlihan Lokey Fairness Opinion dated October 15, 2003 with respect to the October 6, 2003 offer to purchase Units by Kalmia Investors, LLC.(10)
(c)(2)
  Houlihan Lokey Fairness Opinion dated August 1, 2003 with respect to the July 24, 2003 offer to purchase Units by Kalmia Investors, LLC.(11)
(c)(3)
  Fairness Presentation to the Board of Directors of the General Partner dated August 1, 2003 by Houlihan Lokey.(12)
(c)(4)
  Houlihan Lokey Fairness Opinion dated July 18, 2003 with respect to the July 7, 2003 offer to purchase Units by Windy City Investments LLC.(13)
(c)(5)
  Draft Refinancing Valuation by Jones Lang LaSalle as of July 24, 2003.(14)
(c)(6)
  Draft Refinancing Valuation by Jones Lang LaSalle as of May 7, 2003.(15)
(c)(7)
  Appraisal Update Report, The Westin Michigan Avenue-Chicago, Chicago, Illinois, prepared by HVS International dated September 25, 2000.(16)
(c)(8)
  Self-Contained Appraisal Update Report, The Westin-Chicago, Chicago, Illinois, prepared by HVS International, dated March 8, 1998.(17)
(d)(1)
  Amended and Restated Agreement of Limited Partnership of Westin Hotels Limited Partnership dated as of December 31, 1986, as amended.(18)
(d)(2)
  Merger Agreement (included as Annex F to the Offer to Purchase and Solicitation Statement filed as Exhibit (a)(1)(A) above).
(d)(3)
  Letter to the Board of Directors of the general partner of the Partnership, dated November 21, 2003.(19)
(d)(4)
  Text of Partnership Press Release dated November 25, 2003.(20)


  * Previously filed.

  (1)  Incorporated by reference from the Schedule TO filed with the SEC by the Filing Persons on August 4, 2003.
 
  (2)  Incorporated by reference from the Schedule TO filed with the SEC by the Filing Persons on August 20, 2003.
 
  (3)  Incorporated by reference from the Schedule TO filed with the SEC by the Filing Persons on August 25, 2003.
 
  (4)  Incorporated by reference from the Schedule TO filed with the SEC by the Filing Persons on August 28, 2003.

5


 

  (5)  Incorporated by reference from the Schedule TO filed with the SEC by the Filing Persons on September 24, 2003.
 
  (6)  Incorporated by reference from the Schedule TO filed with the SEC by the Filing Persons on October 30, 2003.
 
  (7)  Incorporated by reference from the Schedule TO filed with the SEC by the Filing Persons on October 30, 2003.
 
  (8)  Incorporated by reference from the Schedule TO filed with the SEC by the Filing Persons on November 4, 2003.
 
  (9)  Incorporated by reference from the Schedule TO filed with the SEC by the Filing Persons on December 5, 2003.

(10)  Incorporated by reference from Exhibit (e)(1) to the Schedule 14D-9 filed with the SEC by the Partnership on October 16, 2003.
 
(11)  Incorporated by reference from Exhibit (e)(1) to the Schedule 14D-9 filed with the SEC by the Partnership on August 6, 2003.
 
(12)  Incorporated by reference from Exhibit (e)(2) to the Schedule TO filed with the SEC by the Filing Persons on August 27, 2003.
 
(13)  Incorporated by reference from Exhibit (e)(1) to the Schedule 14D-9 filed with the SEC by the Partnership on July 18, 2003.
 
(14)  Incorporated by reference from Exhibit (c)(4) to the Schedule TO filed with the SEC by the Filing Persons on August 27, 2003.
 
(15)  Incorporated by reference from Exhibit (c)(5) to the Schedule TO filed with the SEC by the Filing Persons on August 27, 2003.
 
(16)  Incorporated by reference from Exhibit (c)(6) to the Schedule TO filed with the SEC by the Filing Persons on August 27, 2003.
 
(17)  Incorporated by reference from Exhibit (c)(7) to the Schedule TO filed with the SEC by the Filing Persons on August 27, 2003.
 
(18)  Incorporated by reference from Exhibit (d)(1) to the Schedule TO filed with the SEC by the Filing Persons on August 27, 2003.
 
(19)  Incorporated by reference from the Schedule TO filed with the SEC by the Filing Persons on November 21, 2003.
 
(20)  Incorporated by reference from Exhibit (a)(1)(A) to Amendment No. 1 to the Schedule 14D-9 filed with the SEC by the Partnership on November 25, 2003.

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