UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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[X] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
_______________________________________________________________________________
1. Name and Address of Reporting Person*
BREA L.L.C.
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(Last) (First) (Middle)
345 Park Avenue
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(Street)
New York, New York 10154
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Host Marriott, L.P. (no symbol)
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
N/A
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4. Statement for Month/Year
May 2001
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5. If Amendment, Date of Original (Month/Year)
N/A
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [X] Other (specify below)
Member of Schedule 13D Group
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7. Individual or Joint/Group Filing (Check Applicable Line)
[_] Form filed by One Reporting Person
[X] Form filed by More than One Reporting Person
________________________________________________________________________________
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
(Over)
Page 1 of 8
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (Month/Day/Year) Code V (D) and 4) (Instr.4) (Instr.4)
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Class A Partnership Units 05/07/01 C 2,458,335 D (30) 5,410,873 I (1)
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Class A Partnership Units 05/07/01 C 1,079,698 D (30) 2,402,728 D & I (2) (29)
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Class A Partnership Units 05/07/01 C 70,796 D (30) 595,304 D & I (3) (29)
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Class A Partnership Units 05/07/01 C 686,810 D (30) 1,699,015 D & I (4) (29)
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Class A Partnership Units 05/07/01 C 21,594 D (30) 507,154 D & I (5) (29)
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Class A Partnership Units 05/07/01 C 112,593 D (30) 670,236 D & I (6) (29)
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Class A Partnership Units 05/07/01 C 12,358 D (30) 490,616 D & I (7) (29)
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Class A Partnership Units 05/07/01 C 21,735 D (30) 507,435 D & I (8) (29)
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Class A Partnership Units 05/07/01 C 452,751 D (30) 1,817,675 D & I (9) (29)
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Class A Partnership Units 05/07/01 C 2,969,847 D (30) 7,110,412 D & I (10) (29)
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Page 2 of 8
Class A Partnership Units 05/07/01 C 745,737 D (30) 2,511,143 D & I (11) (29)
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Class A Partnership Units 05/07/01 C 2,769,664 D (30) 5,459,035 D & I (12) (29)
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Class A Partnership Units 05/07/01 C 119,773 D (30) 683,066 D & I (13) (29)
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Class A Partnership Units 05/07/01 C 569,383 D (30) 1,494,429 D & I (14) (29)
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Class A Partnership Units 05/07/01 C 115,818 D (30) 677,163 D & I (15) (29)
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Class A Partnership Units 05/07/01 C 243,601 D (30) 907,450 D & I (16) (29)
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Class A Partnership Units 05/07/01 C 7,842 D (30) 14,362 D (17)
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Class A Partnership Units 0 14 D (18)
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Class A Partnership Units 0 495,548 D & I (19) (29)
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Class A Partnership Units 0 468,470 D (20)
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Class A Partnership Units 05/07/01 C 2,005,584 D (30) 4,061,668 I (21)
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Class A Partnership Units 05/07/01 C 6,788,086 D (30) 13,989,205 I (22)
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Class A Partnership Units 05/07/01 C 8,793,670 D (30) 17,582,403 I (23)
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Class A Partnership Units 05/07/01 C 7,533,823 D (30) 16,031,878 I (24)
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Class A Partnership Units 05/07/01 C 7,533,823 D (30) 16,031,878 I (25)
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Class A Partnership Units 05/07/01 C 10,000,000 D (30) 20,988,657 I (26)
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Class A Partnership Units 05/07/01 C 10,000,000 D (30) 20,988,657 I (27)
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Class A Partnership Units 0 495,548 I (28)
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Page 3 of 8
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of (D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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N/A
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Explanation of Responses:
(1) BREA L.L.C. ("BREA LLC") is the general partner of Blackstone
Real Estate Associates L.P. ("BREA") and Blackstone Real Estate Holdings
L.P. ("BREH"), and because of such position, the number of Class A
Partnership Units (the "OP Units") converted by BREA LLC and the total
beneficial holding of BREA LLC includes the number of OP Units converted
and the number of OP Units beneficially owned by each such entity.
(2) Blackstone Real Estate Partners I L.P. ("BRE I") directly owns 1,934,258
OP Units, and the remaining 468,470 securities are directly owned by
BRE/Ceriale L.L.C. ("Ceriale").
(3) Blackstone Real Estate Partners Two L.P. ("BRE Two") directly owns
126,834 OP Units, and the remaining 468,470 OP Units are directly owned
by Ceriale.
(4) Blackstone Real Estate Partners Three L.P. ("BRE Three") directly owns
1,230,545 OP Units, and the remaining 468,470 OP Units are directly owned
by Ceriale.
(5) Blackstone Real Estate Partners IV L.P. ("BRE IV") directly owns 38,684
OP Units, and the remaining 468,470 OP Units are directly owned by Ceriale.
(6) Blackstone RE Capital Partners L.P. ("BRECP") directly owns 201,766 OP
Units, and the remaining 468,470 OP Units are directly owned by Ceriale.
(7) Blackstone RE Capital Partners II L.P. ("BRECP II") directly owns 22,146
OP Units, and the remaining 468,470 OP Units are directly owned by Ceriale.
(8) Blackstone RE Offshore Capital Partners L.P. ("BOC") directly owns 38,965
OP Units, and the remaining 468,470 OP Units are directly owned by Ceriale.
(9) BREH directly owns 1,349,205 OP Units, and the remaining 468,470 OP Units
are directly owned by Ceriale.
(10) Blackstone Real Estate Partners II L.P. ("BRE II") directly owns 6,641,942
OP Units, and the remaining 468,470 OP Units are directly owned by Ceriale.
(11) Blackstone Real Estate Holdings II L.P. ("BREH II") directly owns
2,042,673 OP Units, and the remaining 468,470 OP Units are directly owned
by Ceriale.
(12) Blackstone Real Estate Partners II.TE.1 L.P. ("BRE II TE 1") directly
owns 4,990,565 OP Units, and the remaining 468,470 OP Units are directly
owned by Ceriale.
Page 4 of 8
(13) Blackstone Real Estate Partners II.TE.2 L.P. ("BRE II TE 2") directly
owns 214,596 OP Units, and the remaining 468,470 OP Units are directly
owned by Ceriale.
(14) Blackstone Real Estate Partners II.TE.3 L.P. ("BRE II TE 3") directly
owns 1,025,959 OP Units, and the remaining 468,470 OP Units are directly
owned by Ceriale.
(15) Blackstone Real Estate Partners II.TE.4 L.P. ("BRE II TE 4") directly
owns 208,693 OP Units, and the remaining 468,470 OP Units are directly
owned by Ceriale.
(16) Blackstone Real Estate Partners II.TE.5 L.P. ("BRE II TE 5") directly
owns 438,980 OP Units, and the remaining 468,470 OP Units are directly
owned by Ceriale.
(17) BRE Logan Hotel Inc. ("Logan") directly owns 14,362 OP Units.
(18) RTZ Management Corp. ("RTZ") directly owns 14 OP Units.
(19) CR/RE L.L.C. ("CRRE") directly owns 27,078 OP Units, and the remaining
468,470 OP Units are directly owned by Ceriale.
(20) Ceriale directly owns 468,470 OP Units.
(21) BREA is the general partner of BRE I, BRE Two, BRE Three, BRE IV, BRECP,
BRECP II and BOC, and because of such position, the number of OP Units
converted by BREA and the total beneficial holding of BREA includes the
number of OP Units converted and the number of OP Units beneficially
owned by each such entity.
(22) Blackstone Real Estate Associates II L.P. ("BREA II") is the general
partner of BRE II, BRE II TE 1, BRE II TE 2, BRE II TE 3, BRE II TE 4 and
BRE II TE 5, and because of such position, the number of OP Units
converted by BREA II and the total beneficial holding of BREA II includes
the number of OP Units converted and the number of OP Units beneficially
owned by each such entity.
(23) John G. Schreiber ("Schreiber") is a limited partner in BREA and BREA II,
and any disposition of an investment (directly or indirectly) by entities
to which BREA and BREA II serves as general partner requires the approval
of Schreiber. Therefore, the number of OP Units converted by Schreiber
and the total beneficial holding of Schreiber includes the number of OP
Units converted and the number of OP Units beneficially owned by each
such entity.
(24) Blackstone Real Estate Management Associates II L.P. ("BREMA II") is the
general partner of BREA II and BREH II, and because of such position, the
number of OP Units converted by BREMA II and the total beneficial holding
of BREMA II includes the number of OP Units converted and the number of
OP Units beneficially owned by each such entity.
(25) BREA II L.L.C. ("BREA II LLC") is the general partner of BREMA II, and
because of such position, the number of OP Units converted by BREA II LLC
and the total beneficial holding of BREA II LLC includes the number of
OP Units converted and the number of OP Units beneficially owned by each
such entity.
(26) Peter G. Peterson ("Peterson"), who is a founding member of BREA LLC and
BREA II LLC, is able, together with Stephen A. Schwarzman ("Schwarzman"),
to control BREA LLC, BREA II LLC, RTZ and Logan, and because of such
position and control, the number of OP Units converted by Peterson and the
total beneficial holding of Peterson includes the number of OP Units
converted and the number of OP Units beneficially owned by each such
entity.
(27) Schwarzman, who is a founding member of BREA LLC and BREA II LLC, is
able, together with Peterson, to control BREA LLC, BREA II LLC, RTZ and
Logan, and because of such position and control, the number of OP Units
converted by Schwartzman and the total beneficial holding of Schwarzman
includes the number of OP Units converted and the number of OP Units
beneficially owned by each such entity.
(28) John Ceriale ("John Ceriale") is a member with sole beneficial ownership
of CRRE, and because of such position, the total beneficial holding of
John Ceriale includes the number of OP Units beneficially owned by CRRE.
(29) Such entity is a member of Ceriale and because of such membership, the
total beneficial holding of such entity includes the number of OP Units
beneficially owned by Ceriale.
Page 5 of 8
(30) On May 7, 2001, BRE II, BREH II, BRE II TE 1, BRE II TE 2, BRE II TE 3,
BRE II TE 4, BRE II TE 5, BRE I, BRE Two, BRE Three, BRE IV, BRECP,
BRECP II, BOC, BREH, and Logan (collectively, the "Selling Shareholders")
converted, in the aggregate, 10,000,000 OP Units into shares of common
stock ("Common Stock") of Host Marriott Corporation ("HMC") on a
one-for-one basis upon the exercise of their unit redemption right
pursuant to the Second Amended and Restated Agreement of Limited
Partnership of the Issuer, dated as of December 30, 1998. On May 8, 2001
the Selling Shareholders sold such 10,000,000 shares of Common
Stock to Salomon Smith Barney Inc. ("Salomon") for a price of $12.32 per
share pursuant to the Underwriting Agreement, dated as of May 2, 2001,
among the Issuer, HMC, Salomon and the Selling Shareholders. After
giving effect to the sale of Common Stock, all Reporting Persons hold,
in the aggregate, 21,015,735 OP Units, which are redeemable for cash or
(at the election of HMC) shares of Common Stock (on a one-for-one basis).
Information with respect to each of the Reporting Persons is given solely by
such Reporting Person, and no Reporting Person has responsibility for the
accuracy or completeness of information supplied by another Reporting Person.
Any disclosures made hereunder with respect to persons other than the
Reporting Persons are made on information and belief after making appropriate
inquiry.
Pursuant to Rule 16a-1(a)(4) promulgated under the Securities Exchange Act of
1934, as amended, each of the Reporting Persons herein states that this filing
shall not be deemed an admission that he or it is the beneficial owner of any
of the securities covered by this Statement.
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
BREA L.L.C.
By: /s/ Gary M. Sumers June 8, 2001
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Name: Gary M. Sumers Date
Title: Attorney-in-fact
**Signature of Reporting Person
Page 6 of 8
ATTACHMENT A
Joint Filer Information
-----------------------
Names: Blackstone Real Estate Partners II L.P. ("BRE II"),
Blackstone Real Estate Holdings II L.P. ("BREH II"),
Blackstone Real Estate Partners II.TE.1 L.P. ("BRE
II TE 1"), Blackstone Real Estate Partners II.TE.2
L.P. ("BRE II TE 2"), Blackstone Real Estate Partners
II.TE.3 L.P. ("BRE II TE 3"), Blackstone Real Estate
Partners II.TE.4 L.P. ("BRE II TE 4"), Blackstone
Real Estate Partners II.TE.5 L.P. ("BRE II TE 5"),
Blackstone Real Estate Partners I L.P. ("BRE I"),
Blackstone Real Estate Partners Two L.P. ("BRE Two"),
Blackstone Real Estate Partners Three L.P. ("BRE
Three"), Blackstone Real Estate Partners IV L.P.
("BRE IV"), Blackstone RE Capital Partners L.P.
("BRECP"), Blackstone RE Capital Partners II L.P.
("BRECP II"), Blackstone RE Offshore Capital Partners
L.P. ("BOC"), Blackstone Real Estate Holdings L.P.
("BREH"), CR/RE L.L.C. ("CRRE"), BRE Logan Hotel Inc.
("Logan"), BRE/Ceriale L.L.C. ("Ceriale"), RTZ
Management Corp. ("RTZ"), Blackstone Real Estate
Associates L.P. ("BREA"), Blackstone Real Estate
Associates II L.P. ("BREA II"), Blackstone Real
Estate Management Associates II L.P. ("BREMA II"),
BREA II L.L.C. ("BREA II LLC"), Peter G. Peterson
("Peterson"), Stephen A. Schwarzman ("Schwarzman"),
John G. Schreiber ("Schreiber") and John Ceriale
("John Ceriale").
Addresses: The principal business office address of each of the
reporting persons above, except for Schreiber, is
345 Park Avenue, 31st Floor, New York, New York
10154. The principal business office address of
Schreiber is Schreiber Investments, 1115 East
Illinois Road, Lake Forest, Illinois 60045.
Designated Filer: BREA L.L.C. ("BREA LLC")
Issuer & Ticker Symbol: Host Marriott, L.P. (no symbol)
Date of Event: May 2001
Signatures: BLACKSTONE REAL ESTATE PARTNERS I L.P.
BLACKSTONE REAL ESTATE PARTNERS TWO L.P.
BLACKSTONE REAL ESTATE PARTNERS THREE L.P.
BLACKSTONE REAL ESTATE PARTNERS IV L.P.
BLACKSTONE RE CAPITAL PARTNERS L.P.
BLACKSTONE RE CAPITAL PARTNERS II L.P.
BLACKSTONE RE OFFSHORE CAPITAL PARTNERS L.P.
BLACKSTONE REAL ESTATE PARTNERS II L.P.
BLACKSTONE REAL ESTATE PARTNERS II.TE.1 L.P.
BLACKSTONE REAL ESTATE PARTNERS II.TE.2 L.P.
Page 7 of 8
BLACKSTONE REAL ESTATE PARTNERS II.TE.3 L.P.
BLACKSTONE REAL ESTATE PARTNERS II.TE.4 L.P.
BLACKSTONE REAL ESTATE PARTNERS II.TE.5 L.P.
BLACKSTONE REAL ESTATE HOLDINGS II L.P.
BLACKSTONE REAL ESTATE ASSOCIATES II L.P.
BLACKSTONE REAL ESTATE HOLDINGS L.P.
BLACKSTONE REAL ESTATE ASSOCIATES L.P.
BLACKSTONE REAL ESTATE MANAGEMENT ASSOCIATES II L.P.
CR/RE L.L.C.
BRE LOGAN HOTEL INC.
RTZ MANAGEMENT CORP.
BRE/CERIALE L.L.C.
BREA L.L.C.
BREA II L.L.C.
PETER G. PETERSON
STEPHEN A. SCHWARZMAN
JOHN G. SCHREIBER
JOHN CERIALE
By: /s/ Gary M. Sumers
------------------------
Name: Gary M. Sumers
Title: Attorney-in-fact
Page 8 of 8
