-----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, VsMf1NK88EjYnRsPvDaXDBP/8atAGl8B7Kff5r/VwkvA9JKAh7u/UXVmm20YleVT bqIrXFSccRfQJiJFLPQqkQ== 0001047469-98-004951.txt : 19980212 0001047469-98-004951.hdr.sgml : 19980212 ACCESSION NUMBER: 0001047469-98-004951 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19980211 SROS: NASD GROUP MEMBERS: SALOMON BROTHERS HOLDING COMPANY INC. GROUP MEMBERS: SALOMON SMITH BARNEY HOLDINGS INC. GROUP MEMBERS: SB MOTEL CORP. GROUP MEMBERS: TRAVELERS GROUP INC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HUDSON HOTELS CORP CENTRAL INDEX KEY: 0000846469 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 161312167 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-40393 FILM NUMBER: 98532266 BUSINESS ADDRESS: STREET 1: ONE AIRPORT WAY STE 200 CITY: ROCHESTER STATE: NY ZIP: 14624 BUSINESS PHONE: 7164366000 MAIL ADDRESS: STREET 1: ONE AIRPORT WAY STREET 2: STE 200 CITY: ROCHESTER STATE: NY ZIP: 14624 FORMER COMPANY: FORMER CONFORMED NAME: MICROTEL FRANCHISE & DEVELOPMENT CORP /NY DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TRAVELERS GROUP INC CENTRAL INDEX KEY: 0000831001 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 521568099 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 388 GREENWICH ST STREET 2: LEGAL DEPT 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10013 BUSINESS PHONE: 2128168000 MAIL ADDRESS: STREET 1: 388 GREENWICH ST STREET 2: LEGAL DEPT 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10013 FORMER COMPANY: FORMER CONFORMED NAME: TRAVELERS INC DATE OF NAME CHANGE: 19940103 FORMER COMPANY: FORMER CONFORMED NAME: PRIMERICA CORP /NEW/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: COMMERCIAL CREDIT GROUP INC DATE OF NAME CHANGE: 19890102 SC 13D/A 1 SCHEDULE 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------- SCHEDULE 13D/A (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a) (Amendment No. 3)* Hudson Hotels Corporation (Name of Issuer) Common Stock, par value $0.001 (Title of Class of Securities) 443794102 (CUSIP Number) Stephanie B. Mudick Deputy General Counsel Travelers Group Inc. 388 Greenwich Street New York, New York 10013 (212) 816-8000 (Name, address and telephone number of person authorized to receive notices and communications) January 29, 1998 (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(b)(3) or (4), check the following box [ ]. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. (Continued on following pages) - ------------------------ * 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 disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 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). Page 1 of 18 - ------------------------- --------------------- CUSIP NO. 443794102 13D PAGE 2 OF 18 PAGES - ------------------------- --------------------- - ----------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SB Motel Corp., 13-3742249 - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - ----------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [X] - ----------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------- -------- --------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF -------- --------------------------------------------- SHARES 8 SHARED VOTING POWER 370,657 BENEFICIALLY OWNED BY -------- --------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER 0 REPORTING -------- --------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 370,657 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 370,657 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.2% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ----------- -------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT - ----------------------- ------------------------ CUSIP NO. 443794102 13D PAGE 3 OF 18 PAGES - ----------------------- ------------------------ - ----------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Salomon Brothers Holding Company Inc, 13-3082695 - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - ----------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [X] - ----------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------- -------- --------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF -------- --------------------------------------------- SHARES 8 SHARED VOTING POWER 370,657 BENEFICIALLY OWNED BY -------- --------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER 0 REPORTING -------- --------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 370,657 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 370,657 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.2% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* HC - ----------- -------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT - ------------------------- --------------------- CUSIP NO. 443794102 13D PAGE 4 OF 18 PAGES - ------------------------- --------------------- - ----------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Salomon Smith Barney Holdings Inc., 22-1660266 - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - ----------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [X] - ----------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------- -------- --------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF -------- --------------------------------------------- SHARES 8 SHARED VOTING POWER 383,057 BENEFICIALLY OWNED BY -------- --------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER 0 REPORTING -------- --------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 383,057 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 383,057 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.4% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* HC - ----------- -------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT - ------------------------ ------------------------ CUSIP NO. 443794102 13D PAGE 5 OF 18 PAGES - ------------------------ ------------------------ - ----------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Travelers Group Inc., 52-1568099 - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - ----------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [X] - ----------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------- -------- --------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF -------- --------------------------------------------- SHARES 8 SHARED VOTING POWER 383,057 BENEFICIALLY OWNED BY -------- --------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER 0 REPORTING -------- --------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 383,057 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 383,057 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.4% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* HC - ----------- -------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Travelers Group Inc. and certain of its subsidiaries hereby amend the Statement on Schedule 13D of Travelers Group Inc., certain of its subsidiaries and John P. Buza relating to the Common Stock, $0.001 par value (the "Common Stock"), of Hudson Hotels Corporation, a New York corporation (the "Issuer"), dated November 27, 1996 (the "Schedule 13D"), as amended by Amendment No. 1 to the Schedule 13D, dated February 7, 1997 ("Amendment No. 1"), and further amended by Amendment No. 2 to the Schedule 13D, dated December 8, 1997 ("Amendment No. 2"). All references herein to the Amended Schedule 13D shall be to the Schedule 13D as amended by Amendment No. 1 and Amendment No. 2. All terms defined in the Amended Schedule 13D have the same meanings in this Amendment No. 3. Item 2. IDENTITY AND BACKGROUND. (a), (b), (c) and (f) The first paragraph of this item as set forth in the Amended Schedule 13D is deleted and the following is inserted in its place: "This Statement on Schedule 13D is being filed by SB Motel Corp., a Delaware corporation ("SBMC"), Salomon Brothers Holding Company Inc, a Delaware corporation ("SBHC"), Salomon Smith Barney Holdings Inc. (formerly Salomon Inc), a Delaware corporation ("SSB Holdings"), and Travelers Group Inc., a Delaware corporation ("TRV"). John P. Buza, a director of the Issuer and formerly a Vice President of SBMC (as defined below), is no longer a reporting person hereunder, as described in Item 4 below. All of the Common Stock reported herein, other than the Common Stock held in accounts managed by a subsidiary of SSB Holdings, is directly beneficially owned by SBMC. As described in Item 4, beneficial ownership of the Common Stock reported herein was originally acquired jointly by twelve wholly owned subsidiaries of SBMC (collectively, the "SBMC Subsidiaries"), each of which is a corporation organized under the laws of the State of Delaware. SBMC is a wholly owned subsidiary of SBHC, which is a wholly owned subsidiary of SSB Holdings. SSB Holdings is a wholly owned subsidiary of TRV. The principal executive offices of SBMC, SBHC, SSB Holdings and TRV are located, and the principal business of each are conducted, at 388 Greenwich Street, New York, New York 10013." The fourth paragraph of this item as set forth in the Amended Schedule 13D is deleted in its entirety. Item 4. PURPOSE OF TRANSACTION. The following is inserted after the final paragraph of the item as set forth in the Amended Schedule 13D: "Effective January 29, 1998, John P. Buza, a director of the Issuer, ceased to be an employee of Salomon Brothers Inc ("SBI"), a subsidiary of TRV, and an officer of SBI and SBMC. Mr. Buza, who became a director of the Issuer on November 27, 1996 following his appointment pursuant to the Amended Agreement, is no longer SBI's nominee to the Board of the Issuer and therefore is no longer required to provide information with respect to the Amended Schedule 13D. PAGE 6 OF 18 SBI presently has no intention of appointing a new nominee pursuant to the Amended Agreement but reserves its right to do so." Item 5. INTEREST IN SECURITIES OF THE ISSUER. (a) and (b) This item as set forth in the Amended Schedule 13D is deleted and the following is inserted in its place: "By reason of their relationship, TRV, SSB Holdings and SBHC may be deemed to share voting and dispositive power with respect to shares of Common Stock directly beneficially owned by SBMC. Similarly, TRV and SSB Holdings may be deemed to have an indirect beneficial interest in the shares of Common Stock held in accounts managed by a subsidiary of SSB Holdings. As of January 29, 1998, TRV, SSB Holdings and SBHC may be deemed to beneficially own the 370,657 shares of Common Stock owned by SBMC and the 12,400 shares of Common Stock held in accounts managed by a subsidiary of SSB Holdings, which represents 383,057 shares of Common Stock or 7.4% of the outstanding shares of Common Stock (based on 5,153,162 shares of Common Stock outstanding as of October 16, 1997, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 1997). TRV, SSB Holdings, SBHC and SBMC disclaim beneficial ownership of any shares of Common Stock that Mr. Buza has acquired, or will acquire in the future, either pursuant to the exercise of his Options or otherwise. Except as set forth or incorporated by reference herein, none of TRV, SSB Holdings, SBHC, SBMC or, to the best knowledge of TRV, the persons listed in Annexes A or B hereto beneficially owned any Common Stock on January 29, 1998." (c) This item as set forth in the Amended Schedule 13D is deleted and the following is inserted in its place: "The dates, number of shares and prices per share for all purchases and sales of Common Stock by a subsidiary of SSB Holdings from December 8, 1997, the date Amendment No. 2 was filed, through the date hereof are shown on Annex C hereto, which is incorporated herein by reference. All such purchases and sales of Common Stock were effected in the over-the-counter market." (e) The following is hereby inserted as this item: "Effective January 29, 1998, Mr. Buza ceased to be SBI's nominee to the Board of the Issuer and accordingly, has ceased to be a reporting person hereunder." Page 7 of 18 Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. This item as set forth in the Amended Schedule 13D is deleted and the following is inserted in its place: "Other than the provisions of the Amended Agreement described in Item 4, none of TRV, SSB Holdings, SBHC, SBMC or, to the best knowledge of TRV, the persons listed in Annexes A or B hereto has any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to securities of the Issuer." Item 7. MATERIAL TO BE FILED AS EXHIBITS. The following replaces the Exhibit 6 as set forth in the Amended Schedule 13D: "EXHIBIT 6. Agreement among SBMC, SBHC, SSB Holdings and TRV as to joint filing of Schedule 13D." Page 8 of 18 ANNEXES A. Executive Officers and Directors of Travelers Group Inc. B. Executive Officers and Directors of SB Motel Corp. C. Description of Purchases and Sales of shares of Common Stock by a subsidiary of SSB Holdings from December 8, 1997 through the date hereof. Page 9 of 18 SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 9, 1998 SB MOTEL CORP. By: /s/ Matthew Levitan -------------------------- Name: Matthew Levitan Title: Secretary and Director SALOMON BROTHERS HOLDING COMPANY INC By: /s/ Stephanie B. Mudick -------------------------- Name: Stephanie B. Mudick Title: Assistant Secretary SALOMON SMITH BARNEY HOLDINGS INC. By: /s/ Howard M. Darmstadter -------------------------- Name: Howard M. Darmstadter Title: Assistant Secretary TRAVELERS GROUP INC. By: /s/ Stephanie B. Mudick -------------------------- Name: Stephanie B. Mudick Title: Assistant Secretary Page 10 of 18 February 1998 ANNEX A EXECUTIVE OFFICERS AND DIRECTORS OF TRAVELERS GROUP INC. NAME, TITLE AND CITIZENSHIP PRINCIPAL OCCUPATION AND BUSINESS ADDRESS C. Michael Armstrong Chairman & Chief Executive Officer Director (USA) AT&T Corp. 295 North Maple Avenue Basking Ridge, New Jersey 07920 Judith Arron Executive Director Director (USA) Carnegie Hall Corporation 881 Seventh Avenue New York, New York 10019 Kenneth J. Bialkin Partner Director (USA) Skadden, Arps, Slate, Meagher & Flom LLP 919 Third Avenue New York, New York 10022 Edward H. Budd Retired Chairman Director (USA) Travelers Insurance Companies One Tower Square Hartford, Connecticut 06183 Joseph A. Califano, Jr. Chairman & Chief Executive Officer Director (USA) The Center on Addiction & Substance Abuse at Columbia University 152 West 57th Street New York, New York 10019 Douglas D. Danforth Executive Associates Director (USA) One PPG Place Suite 2210 Pittsburgh, Pennsylvania 15222 James Dimon President & Chief Operating Officer Director & Executive Officer (USA) Travelers Group Inc. 388 Greenwich Street New York, New York 10013 Page 11 of 18 Leslie B. Disharoon Former Chairman, President & Director (USA) Chief Executive Officer Monumental Corporation 2 Chittenden Lane Owings Mills, Maryland 21117 The Honorable Gerald R. Ford Former President of the United Director (USA) States Post Office Box 927 Rancho Mirage, California 92270 Thomas W. Jones Vice Chairman Director & Executive Officer (USA) Travelers Group Inc. 388 Greenwich Street New York, New York 10013 Ann Dibble Jordan Consultant Director (USA) Former Director of Social Services, University of Chicago Medical Center 4610 Kenmore Drive, NW Washington, DC 20007 Robert I. Lipp Vice Chairman Director & Executive Officer (USA) Travelers Group Inc. 388 Greenwich Street New York, New York 10013 Michael T. Masin Vice Chairman & President - Director (USA) International GTE Corporation One Stamford Forum Stamford, Connecticut 06904 Deryck C. Maughan Vice Chairman Director (Great Britain) Travelers Group Inc. 388 Greenwich Street New York, New York 10013 Dudley C. Mecum Managing Director Director (USA) Capricorn Management 30 East Elm Street Greenwich, Connecticut 06830 Page 12 of 18 Andrall E. Pearson Chairman & Chief Executive Officer Director (USA) Tricon Global Restaurants, Inc. 660 Steamboat Road Greenwich, Connecticut 06830 Frank J. Tasco Retired Chairman Director (USA) Marsh & McLennan Companies, Inc. 1166 Avenue of the Americas New York, New York 10036 Linda J. Wachner Chairman, President & Chief Director (USA) Executive Officer Warnaco Group Inc. 90 Park Avenue New York, New York 10016 Sanford I. Weill Chairman & Chief Executive Officer Director & Executive Officer (USA) Travelers Group Inc. 388 Greenwich Street New York, New York 10013 Joseph R. Wright, Jr. Chairman & Chief Executive Officer Director (USA) AMTEC, Inc. 599 Lexington Avenue New York, New York 10022-6030 Arthur Zankel Co-Managing Partner Director (USA) First Manhattan Company 437 Madison Avenue New York, New York 10022 Steven D. Black Vice Chairman Executive Officer (USA) Smith Barney Inc. 388 Greenwich Street New York, New York 10013 Michael A. Carpenter Vice Chairman Executive Officer (USA) Travelers Group Inc. One Tower Square Hartford, Connecticut 06183 Charles J. Clarke Vice Chairman Executive Officer (USA) Travelers Property Casualty Corp. One Tower Square Hartford, Connecticut 06183 Page 13 of 18 Donald R. Cooper Chairman Executive Officer (USA) Resource Deployment Inc. 307 West 7th Street Fort Worth, Texas 76102 Peter M. Dawkins Chairman & Chief Executive Officer Executive Officer (USA) Travelers Group Diversified Distribution Services, Inc. 388 Greenwich Street New York, New York 10013 Irwin Ettinger Executive Vice President Executive Officer (USA) Travelers Group Inc. 388 Greenwich Street New York, New York 10013 Jay S. Fishman Senior Vice President Executive Officer (USA) Travelers Group Inc. 388 Greenwich Street New York, New York 10013 Jeffrey B. Lane Vice Chairman Executive Officer (USA) Travelers Group Inc. 388 Greenwich Street New York, New York 10013 Jon C. Madonna Vice Chairman Executive Officer (USA) Travelers Group Inc. 388 Greenwich Street New York, New York 10013 Marjorie Magner President & Chief Operating Officer Executive Officer (USA) Commercial Credit Company 300 St. Paul Place Baltimore, Maryland 21202 Heidi G. Miller Senior Vice President & Chief Executive Officer (USA) Financial Officer Travelers Group Inc. 388 Greenwich Street New York, New York 10013 Page 14 of 18 Joseph J. Plumeri II Vice Chairman Executive Officer (USA) Travelers Group Inc. 388 Greenwich Street New York, New York 10013 Charles O. Prince, III Executive Vice President, General Executive Officer (USA) Counsel & Secretary Travelers Group Inc. 388 Greenwich Street New York, New York 10013 Marc P. Weill Senior Vice President Executive Officer (USA) Travelers Group Inc. 388 Greenwich Street New York, New York 10013 Robert B. Willumstad Vice Chairman Executive Officer (USA) Travelers Group Inc. 388 Greenwich Street New York, New York 10013 Page 15 of 18 February 1998 ANNEX B EXECUTIVE OFFICERS AND DIRECTORS OF SB MOTEL CORP. NAME, TITLE AND CITIZENSHIP PRINCIPAL OCCUPATION AND BUSINESS ADDRESS David C. Fisher Managing Director Treasurer (USA) Salomon Brothers Inc 8800 Hidden River Parkway Tampa, Florida 33637 Matthew Levitan Managing Director Secretary and Director (USA) Salomon Brothers Inc 388 Greenwich Street New York, New York 10013 Deryck C. Maughan Vice Chairman President and Director (Great Britain) Travelers Group Inc. 388 Greenwich Street New York, New York 10013 Saul M. Rosen Managing Director Assistant Treasurer (USA) Salomon Brothers Inc 388 Greenwich Street New York, New York 10013 Zachary Snow Managing Director Director (USA) Salomon Brothers Inc 388 Greenwich Street New York, New York 10013 Jaime H. Taicher Vice President Assistant Secretary (USA) Salomon Brothers Inc 388 Greenwich Street New York, New York 10013 Page 16 of 18 ANNEX C Set forth below are the purchases and sales of shares of Common Stock by a subsidiary of SSB Holdings from December 8, 1997 through the date hereof. Number of Number of Trade Date Shares Purchased Shares Sold Price Per Share - ------------------------------------------------------------------------------- 12/16/97 1,000 $4.3750 12/29/97 200 $4.2500 500 $4.2500 200 $4.0625 400 $4.1250 300 $4.1875 300 $4.1875 200 $4.1875 200 $4.0625 300 $4.0625 300 $4.0625 300 $4.0625 200 $4.0625 300 $4.4375 150 $4.1250 12/30/97 800 $3.9375 300 $3.9375 200 $3.9375 300 $4.0000 12/31/97 200 $3.9375 100 $3.9375 200 $3.9375 200 $3.9375 300 $3.9375 200 $3.9375 200 $3.9375 150 $3.9375 200 $3.9375 1/5/98 500 $4.1250 Page 17 of 18 EX-99.6 2 JOINT FILING AGREEMENT AGREEMENT AS TO JOINT FILING OF SCHEDULE 13D Each of the undersigned hereby affirms that it is individually eligible to use Schedule 13D, and agrees that this Schedule 13D is filed on its behalf. Date: February 9, 1998 SB MOTEL CORP. By: /s/ Matthew Levitan -------------------------- Name: Matthew Levitan Title: Secretary and Director SALOMON BROTHERS HOLDING COMPANY INC By: /s/ Stephanie B. Mudick -------------------------- Name: Stephanie B. Mudick Title: Assistant Secretary SALOMON SMITH BARNEY HOLDINGS INC. By: /s/ Howard M. Darmstadter -------------------------- Name: Howard M. Darmstadter Title: Assistant Secretary TRAVELERS GROUP INC. By: /s/ Stephanie B. Mudick -------------------------- Name: Stephanie B. Mudick Title: Assistant Secretary Page 18 of 18 -----END PRIVACY-ENHANCED MESSAGE-----