8-K

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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

              CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

        Date of Report (Date of earliest event reported): JUNE 8, 1998

                                  SERVICO, INC.

               1601 Belvedere Road, West Palm Beach, Florida 33406

                                 (561) 689-9970

                                                                      
Incorporated under the laws of the        Commission File Number              I.R.S. Employer Identification Number
 
    STATE OF FLORIDA                            1-11342                                   65-0350241




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ITEM 5. OTHER EVENTS.

         On June 8, Servico, Inc., issued a press release that it intends,
subject to market and other conditions, to raise up to approximately $175
million (excluding the proceeds of an over-allotment option, if any) through
a private offering of convertible preferred trust securities to qualified
institutional buyers. Servico, Inc., intends to use the net proceeds of the
offering to repay outstanding indebtedness. A copy of the press release is
attached as exhibit 99.1.

ITEM 7. FINANCIAL STATEMENT AND EXHIBITS.

    99.1 Press release dated June 8, 1998.


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                                   SIGNATURES

         Pursuant to the requirement of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                          SERVICO, INC.




                                          By: /s/ Warren M. Knight
                                              -------------------------------
                                              Warren M. Knight
                                              Vice President-Finance
                                               and Chief Financial Officer


Date: June 9, 1998


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EX-99.1

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                                    SERVICO
                                Hotels & Resorts
                                        
                       New York Stock Exchange Symbol SER
                                        
                                        
                                  NEWS RELEASE
                                  ------------


FOR IMMEDIATE RELEASE                                CONTACT: Warren M. Knight
                                                              Vice President -
                                                              Finance
June 8, 1998                                                  (561) 689-9970


                         SERVICO ANNOUNCES OFFERING OF
                                        
                     CONVERTIBLE PREFERRED TRUST SECURITIES

WEST PALM BEACH: Servico, Inc. (NYSE:SER), a nationwide owner and operator of
hotels, announced today that it intends, subject to market and other
conditions, to raise up to approximately $175 million (excluding the proceeds
of an over-overallotment option, if any) through a private offering of
convertible preferred trust securities to qualified institutional buyers. The
Company stated that it intends to use the net proceeds of the offering to repay
outstanding indebtedness. No other terms were disclosed.
     
     The offered securities will not be registered under the Securities Act of
1933, as amended, or applicable state securities laws, and may not be offered
or sold in the United States or to, or for the account or benefit of, U.S.
persons absent registration under the Securities Act and applicable state
securities law or available exemptions from such registration requirements.
Accordingly, the securities will be offered and sold in the United



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     Servico Centre-South * 1601 Belvedere Road * West Palm Beach, FL 33406
                      (561) 689-9970 * Fax (561) 689-0321
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States solely to qualified institutional buyers as defined in Rule 144A under
the Securities Act. Sale of the securities is subject to market and other
conditions, and there can be no assurance that the securities will be sold, or
that the net proceeds of any sale will not be lower than anticipated.
     
     Servico owns or manages eighty-nine hotels with more than 17,900 rooms
located in 24 states and Canada. The hotels are primarily full service,
providing food and beverage service as well as lodging and meeting facilities.
Substantially, all of Servico's hotels are affiliated with nationally
recognized hospitality franchises, including Holiday Inn, Crowne Plaza, Hilton,
Omni, Radisson, Sheraton and Westin. With assets in excess of $750 million,
Servico is one of the largest hotel owner/operators in the United States.

     Statements in this release may be construed to be forward looking and are
made pursuant to the Safe Harbor provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that all forward looking statements
involve risks and uncertainties, including without limitation, risks relating to
market conditions, risks relating to the operation and acquisition of hotels,
the availability of capital to finance growth and the historical cyclicality of
the lodging industry, as well as the other matters disclosed in the documents
filed by the Company with the Securities & Exchange Commission.



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