SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES AND EXCHANGE ACT OF 1934 Homegate Hospitality, Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.01 par value -------------------------------------------------------------------------------- (Title of Class of Securities) 43740G 10 9 -------------------------------------------------------------------------------- (CUSIP Number) (Continued on following pages) Page 1 of 4 Pages

CUSIP NO. 43740G 10 9 13G Page 2 of 4 -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Developer Extended Stay Partners, L.P. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Texas -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 1,055,759 SHARES ---------------------------------------------------------------- BENEFICIALLY 6 Shared Voting Power OWNED BY 0 EACH ---------------------------------------------------------------- REPORTING 7 Sole Dispositive Power PERSON 1,055,759 WITH ---------------------------------------------------------------- 8 Shared Dispositive Power 0 ------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,055,759 ------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 10 EXCLUDES CERTAIN SHARES* [X] ------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 10 9.84% ------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* PN ------------------------------------------------------------------------------

CUSIP NO. 43740G 10 9 13G Page 3 of 4 Item 1. (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 111 Congress Avenue, Suite 2600 Austin, Texas 78701 Item 2. (a) NAME OF PERSON FILING: Developer Extended Stay Partners, L.P. (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: c/o Homegate Hospitality, Inc. 111 Congress Avenue, Suite 2600 Austin, Texas 78701 (c) CITIZENSHIP: United States of America (d) TITLE OF CLASS OF SECURITIES: Common Stock, $.01 per value (e) CUSIP NUMBER: 43740G 10 9 Item 3. NOT APPLICABLE Item 4. OWNERSHIP: (a) Amount Beneficially Owned: 1,055,759 (b) Percent of Class: 9.84% (c) Number of shares as to which such person has: (i) sole power to direct the vote: 1,055,759 (ii) shared power to direct the vote: 0 (iii) sole power to dispose or direct the disposition of: 1,055,759 (iv) shared power to dispose or direct the disposition of: 0 Item 5. NOT APPLICABLE Item 6. NOT APPLICABLE Item 7. NOT APPLICABLE Item 8. NOT APPLICABLE Item 9. NOT APPLICABLE Item 10. NOT APPLICABLE

CUSIP NO. 43740G 10 9 13G Page 4 of 4 SIGNATURE --------- After reasonable inquiry and to the best of my knowledge and belief, I set forth that the information set forth in this statement is true, complete and correct. DATED: February 14, 1997 DEVELOPER EXTENDED STAY PARTNERS, L.P. By: DESP General Partner, L.L.C., as general partner By: Crow Family, Inc., as general partner By: /s/ ANTHONY DONA ------------------------------------- Name: Anthony Dona Title: Vice President