8-K 1 d8k.htm FORM 8-K Form 8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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): July 7, 2005

 

 

EAGLE HOSPITALITY PROPERTIES TRUST, INC.

(Exact name of registrant specified in its charter)

 

 

Maryland   001-32279   55-0862656
(State of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)

 

100 E. RiverCenter Blvd., Suite 480

Covington, KY 41011

(Address of principal executive offices, zip code)

 

Registrant’s telephone number, including area code: (859) 581-5900

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Item 1.01. Entry into a Material Definitive Agreement.

 

The information in this report set forth under Item 2.03 regarding the Loan is incorporated herein by reference.

 

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

On July 7, 2005, we agreed to borrowed $53.1 million under the terms of a seven-year interest-only loan with KeyBank National Association at a fixed rate of 5.2 percent in connection with our recent purchase of the Hilton Glendale Hotel located in Glendale, California (the “Loan”). The Hilton Glendale Hotel secures the loan. The proceeds from the Loan were used on July 8, 2005 to pay off our recently funded bridge loan also secured by the Hilton Glendale Hotel for the same amount.

 

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SIGNATURES

 

Pursuant to the requirements 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.

 

EAGLE HOSPITALITY PROPERTIES TRUST, INC.

By:

  

/s/ Raymond D. Martz

   

Raymond D. Martz

   

Chief Financial Officer, Secretary and Treasurer

 

Dated: July 12, 2005

 

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