U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB


      [ X  ]   Quarterly Report Under Section 13 or 15(d) of the
               Securities Exchange Act of 1934

               For the quarterly period ended June 30, 2001

      [    ]   Transition Report Under Section 13 or 15(d) of
               the Exchange Act

               For the transition period from _____ to _____.

                         Commission file number 0-23075


                     PELICAN PROPERTIES INTERNATIONAL CORP.
                     ---------------------------------------
        (Exact Name of Small Business Issuer as Specified in Its Charter)

          Florida                                        65-0616879
          -------                                        ----------
       (State or Other                             (IRS Incorporation or
   Jurisdiction of Organization)              Employer Identification Number)

                                 2 Fenwick Road
                                    Suite 100
                           Fort Monroe, Virginia 23651
                           ---------------------------
                     (Address of Principal Executive Office)

                                 (757) 224-5234
                                 --------------
                (Issuer's Telephone Number, Including Area Code)

Check whether the issuer: (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.

                           Yes   [ X ]   No [  ]

                     APPLICABLE ONLY TO ISSUERS INVOLVED IN
                        BANKRUPTCY PROCEEDINGS DURING THE
                              PRECEDING FIVE YEARS

Check whether the registrant filed all documents and reports required to be
filed by Section 12, 13, or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court.
                                                 Yes [ X ] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

The number of shares outstanding of the issuer's common stock, par value $.001
per share as of July 31, 2001 was 5,975,851.

Transitional Small Business Disclosure Format: Yes [  ]  No [ X ]




                                       1
<PAGE>







                     PELICAN PROPERTIES INTERNATIONAL CORP.
                                and SUBSIDIARIES

                                Table of Contents

PART I.  FINANCIAL INFORMATION
------------------------------

ITEM 1 - Financial Statements

         Condensed Consolidated Balance Sheets -
         June 30, 2001 and December 31, 2000                        Page  3

         Condensed Consolidated Statements of Operations -
         Three Months and Six Months Ended June 30, 2001 and
         June 30, 2000                                              Page  4

         Condensed Consolidated Statements of Cash Flows -
         Six Months Ended June 30, 2001 and June 30, 2000           Page  5

         Notes to Condensed Consolidated Financial Statements       Pages 6-7

ITEM 2 - Management Discussion and Analysis of Financial
                  Condition and Results of Operations               Pages 8-10


PART II - OTHER INFORMATION
---------------------------
ITEM 1 - Legal Proceedings                                          Pages 11-12

ITEM 2 - Changes in Securities                                      Page  13

ITEM 3 - Defaults upon Senior Securities                            Page  13

ITEM 4  - Submission of Matter to Vote of Security Holders          Page  13

ITEM 5 - Other Information                                          Page  13

ITEM 6 - Exhibits and Reports on Form 8-K                           Page  14




                                       2
<PAGE>


                     PELICAN PROPERTIES INTERNATIONAL CORP.
                                AND SUBSIDIARIES

                      CONDENSED CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>

                                                                                                     June 30,        December 31,
                                                                                                       2001              2000
                                                                                                       ----              ----
                                                                                                   (Unaudited)
                                     ASSETS
<S>                                                                                               <C>              <C>

CURRENT ASSETS
Cash                                                                                              $    383,489     $    268,361
Accounts receivable, net                                                                                65,941          185,227
Supplies                                                                                                86,908          111,638
Prepaid expenses                                                                                        97,005           23,825
Other current assets                                                                                   154,636          108,348
                                                                                                  ------------     ------------
                                                                          TOTAL CURRENT ASSETS         787,979          697,399

PROPERTY AND EQUIPMENT, net of accumulated depreciation
and amortization of $2,233,920 and $1,796,895                                                       15,990,666       16,316,385

OTHER ASSETS
Deferred loan costs, net of accumulated amortization of $107,761 and $33,787                           112,477          186,451
Deferred franchise costs, net of accumulated amortization of $2,014 and $1,378                          16,986           17,622
Deposits and other                                                                                      71,917          173,094
                                                                                                  ------------     ------------
                                                                                                       201,380          377,167
                                                                                                  ------------     ------------

                                                                                                  $ 16,980,025     $ 17,390,951
                                                                                                  ============     ============

                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
Current maturities of long-term debt                                                              $  1,926,307     $  1,916,515
Accounts payable and accrued liabilities                                                             1,656,353        1,557,273
Obligation for renovations                                                                             646,495          646,495
Income taxes payable                                                                                    12,000           12,000
Other current liabilities                                                                               82,945           37,196
                                                                                                  ------------     ------------
                                                                     TOTAL CURRENT LIABILITIES       4,324,100        4,169,479

LONG-TERM DEBT, less current maturities                                                              7,453,569        7,397,801

DEFERRED INCOME TAXES                                                                                2,753,000        2,911,000

STOCKHOLDERS' EQUITY
Preferred Stock, 1,000,000 shares authorized; none issued or outstanding
Common Stock, par value $.001; 100,000,000 shares authorized;
  5,975,851 shares issued and outstanding                                                                5,975            5,975
Additional paid-in capital                                                                           3,393,216        3,393,216
Accumulated deficit                                                                                   (949,835)        (486,520)
                                                                                                  ------------     ------------
                                                                    TOTAL STOCKHOLDERS' EQUITY       2,449,356        2,912,671
                                                                                                  ------------     ------------
                                                    TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY    $ 16,980,025     $ 17,390,951
                                                                                                  ============     ============
</TABLE>


      See accompanying notes to condensed consolidated financial statements





                                      3
<PAGE>


                     PELICAN PROPERTIES INTERNATIONAL CORP.
                                AND SUBSIDIARIES

                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                          Three Months Ended             Six Months Ended
                                                                       June 30,        June 30,        June 30,      June 30,
                                                                        2001            2000            2001           2000
                                                                        ----            ----            ----           ----

<S>                                                                  <C>             <C>             <C>             <C>
REVENUES
Rooms                                                                $ 1,455,045     $ 1,616,514     $ 2,384,486     $ 2,610,822
Food and beverage                                                        431,690         450,857         657,116         679,930
Rental income                                                             44,709         101,902         138,498         204,396
Other                                                                    116,796         123,686         175,934         227,278
                                                                     -----------     -----------     -----------     -----------

                                              TOTAL REVENUES           2,048,240       2,292,959       3,356,034       3,722,426
                                                                     -----------     -----------     -----------     -----------


OPERATING COSTS AND EXPENSES
Rooms                                                                    337,823         368,569         608,917         677,737
Food and beverage                                                        279,758         378,569         480,105         650,956
Other operating expenses                                                 277,423         278,710         509,115         540,491
Corporate expenses                                                       172,105         293,121         431,355         593,937
Sales and marketing expenses                                             113,359         130,265         229,854         270,072
Reservations expense                                                       1,069           1,981           1,527           3,299
Advertising expense                                                        1,510           1,270           3,021           2,780
Franchise expense                                                         38,566          39,990          67,544          65,497
Engineering expense                                                      118,566         137,403         235,559         269,257
Utilities expense                                                        124,677         134,282         272,640         259,310
                                                                     -----------     -----------     -----------     -----------
                          TOTAL OPERATING COSTS AND EXPENSES           1,464,856       1,764,160       2,839,637       3,333,336

INCOME FROM OPERATIONS BEFORE
TAXES, INSURANCE, INTEREST, DEPRECIATION,
AND AMORTIZATION                                                         583,384         528,799         516,397         389,090

Property taxes and insurance                                              84,579          87,794         186,806         189,955
Interest expense                                                         219,674         198,520         439,271         400,788
Depreciation and amortization                                            254,308         244,824         511,635         466,257
                                                                     -----------     -----------     -----------     -----------

INCOME (LOSS) BEFORE INCOME TAXES                                         24,823          (2,339)       (621,315)       (667,910)
                                                                     -----------     -----------     -----------     -----------


INCOME TAX BENEFIT (PROVISION)                                           (51,000)              0         158,000         223,000
                                                                     -----------     -----------     -----------     -----------

                                                    NET LOSS         ($   26,177)    ($    2,339)    ($  463,315)    ($  444,910)
                                                                     ===========     ===========     ===========     ===========


BASIC AND DILUTED LOSS
PER COMMON SHARE:                                                    ($     0.00)    ($     0.00)    ($     0.08)    ($     0.07)
                                                                     ===========     ===========     ===========     ===========
</TABLE>

     See accompanying notes to condensed consolidated financial statements



                                       4
<PAGE>



                     PELICAN PROPERTIES INTERNATIONAL CORP.
                                AND SUBSIDIARIES

                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                                             Six Months Ended
                                                                                           June 30,       June 30,
                                                                                            2001           2000
                                                                                            ----           ----

<S>                                                                                       <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss                                                                                  $(463,315)    $(444,910)
Adjustments to reconcile net loss to net cash
provided by operating activities
Depreciation and amortization                                                               511,635       466,257
Deferred Income Taxes                                                                      (158,000)      (73,000)
Changes in:
Accounts receivable                                                                         119,286       (23,928)
Inventory                                                                                    24,730        (9,913)
Prepaid expenses                                                                            (73,180)      (24,277)
Tax refund receivable                                                                            --       228,000
Other current assets                                                                        (46,288)      (57,670)
Other assets                                                                                101,177            --
Accounts payable and accrued expenses                                                        99,080       400,622
Other current liabilities                                                                    45,749       (42,459)
Income taxes payable                                                                             --      (150,000)
Other liabilities                                                                                --         8,063
                                                                                          ---------     ---------

                                            NET CASH PROVIDED BY OPERATING ACTIVITIES       160,874       276,785

CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of fixed assets                                                                (111,306)     (235,975)

CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of borrowings                                                                     (43,440)          (28)
Proceeds from note                                                                          109,000
                                                                                          ---------     ---------

                                                        NET CASH PROVIDED BY (USED IN)
                                                                 FINANCING ACTIVITIES        65,560           (28)
                                                                                          ---------     ---------


                                                                 NET INCREASE IN CASH       115,128        40,782


CASH AT BEGINNING OF PERIOD                                                                 268,361        69,037
                                                                                          ---------     ---------


CASH AT END OF PERIOD                                                                     $ 383,489     $ 109,819
                                                                                          =========     =========

      See accompanying notes to condensed consolidated financial statements

</TABLE>


                                       5
<PAGE>




                 PROPERTIES INTERNATIONAL CORP. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                         SIX MONTHS ENDED JUNE 30, 2001
                                   (UNAUDITED)

NOTE 1 - BASIS OF PRESENTATION
------------------------------

         The accompanying condensed consolidated financial statements have been
prepared in accordance with generally accepted accounting principles for interim
financial information and with the instructions to Form 10-QSB and Article 10 of
Regulation S-X. Accordingly, they do not include all of the information and
footnotes required by accounting principles generally accepted in the United
States for complete financial statements. The quarterly financial information
included herein is unaudited. However, in the opinion of management, all
adjustments, considered necessary for a fair presentation have been included.
Operating results for the six months ended June 30, 2001, are not necessarily
indicative of the results that may be expected for the year ending December 31,
2001. A description of the Company's accounting policies and other financial
information is included in its audited consolidated financial statements for the
year ended December 31, 2000. The accompanying condensed consolidated financial
statements should be read in conjuction with the 2000 financial statements which
can be found in the Company's annual report on form 10-KSB for 2000.

         The condensed consolidated financial statements for the period ended
June 30, 2001 include the accounts of Pelican Properties International Corp. and
its wholly owned subsidiaries Ohio Key I, Inc., Ohio Key II, Inc., Old Point
Comfort Hotel, LLC., Palmer Inn, Princeton, LLC., McLure House Hotel &
Conference Center, LLC, Purchasing Concepts, Inc., and Vintage Hotels
Corporation (the "Company"). All significant inter-company transactions have
been eliminated in consolidation.

NOTE 2 - LOSS PER SHARE
-----------------------

         The Company had stock options and stock purchase warrants outstanding
during 2000 and 2001. Basic and diluted loss per share amounts are equal because
inclusion of these stock options and warrants in the computation of diluted
earnings per share for the three months and six months ended June 30, 2001 and
2000 would have resulted in anti-dilutive effects to earnings per share. All
stock options and warrants expired in March 2001.


NOTE 3 - LONG TERM DEBT
-----------------------

Current maturities of the Long - Term debt include the following obligations:
Palmer Inn, Princeton, LLC  $57,976
McLure House Hotel & Conference Center, LLC  $41,904
Old Point Comfort Hotel, LLC  $1,826,427


                                       6

<PAGE>



NOTE 4 - CONTINUING OPERATIONS
------------------------------
         The accompanying condensed consolidated financial statements have been
prepared assuming the Company will continue as a going concern. As shown in the
accompanying condensed consolidated financial statements, the Company reported a
net loss of $(463,315) for the six months ended June 30, 2001, and had a working
capital deficiency and accumulated deficit of approximately $(3,536,122) and
$(949,835), respectively. The Company's continuation as a going concern is
dependent upon it's ability to generate sufficient cash flow from operations or
to obtain sufficient external financing to meet its' obligations on a timely
basis.

         The Company plans to improve operating cash flow and liquidity by
improving occupancy rates at Ramada Plaza and Palmer Inn, and by eliminating
operating losses at the Chamberlin Hotel through the sale of the property. There
can be no assurance that the Company will be successful in achieving profitable
operations or have the ability to secure financing needed to meet its'
obligations as they become due, or that such financing, if available, will be on
terms and conditions favorable to the Company. Additionally, there can be no
assurance that the Company will realize proceeds from a sale of the Chamberlin
Hotel, should such a sale occur, in an amount necessary to eliminate its'
working capital deficit and repay its' maturing debt. The condensed consolidated
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.

                                       7

<PAGE>





Item 2   Management's Discussion and Analysis of Financial Condition and Results
--------------------------------------------------------------------------------
         of Operations
----------------------


         The following discussions should be read in conjunction with the
financial statements and notes thereto appearing elsewhere in this report:

         Certain matters discussed in this Quarterly Report on Form 10-QSB are
"forward-looking statements" intended to qualify for the safe harbors from
liability established by the Private Securities Litigation Reform Act of 1995.
These forward-looking statements can generally be identified as such because the
context of the statement will include words such as the Company "believes",
"anticipates", "expects" or words of similar import. Similarly, statements that
describe the Company's future plans, objectives or goals are also
forward-looking statements. Such forward-looking statements are subject to
certain risks and uncertainties which are described in close proximity to such
statements and which could cause actual results to differ materially from those
currently anticipated. Shareholders, potential investors and other readers are
urged to consider these factors in evaluating the forward-looking statements and
are cautioned not to place undue reliance on such forward-looking statements.
The forward-looking statements included herein are made as of the date of this
report, and the Company undertakes no obligation to publicly update such
forward-looking statements to reflect subsequent events or circumstances.


RESULTS OF OPERATIONS
---------------------

Three Months Ended June 30, 2001 compared to Three Months Ended June 30, 2000
--------------------------------------------------------------------------------
for Operations
--------------

         For the three month period ended June 30, 2001, total revenues were
$2,048,240 as compared to $2,292,959 in the three month period ended June 30,
2000. Factors affecting this decrease of $244,719 were increased competition in
the Princeton, New Jersey area, the postponement of the tobacco litigation trial
in Wheeling, West Virginia, as well as a general down-turn of the national
economy.

         Total costs and expenses were $1,464,856 for the three month period
ended June 30, 2001, as compared to $1,764,160 for the three month period ended
June 30, 2000. The overall decrease of $299,304 resulted in increased income
from operations before taxes, insurance, interest, depreciation and amortization
of $54,585, from $528,799 in 2000 to $583,384 in 2001.

         Management's cost cutting efforts have resulted in decreased expenses
as detailed. Total Direct Cost of Revenues, including Rooms, Food & Beverage and
Other operating expenses decreased by $130,844 (12.8%) for the three month
period ended June 30, 2001 to $895,004, from $1,025,848 in the three month
period ended June 30, 2000. Corporate Office expenses decreased in the three
month period ended June 30, 2001 by $121,016 (41.3%) to $172,105 from $293,121
in the three month period ended June 30, 2000. Sales and Marketing expenses
decreased in the three month period ended June 30, 2001 by $16,906 (12.9%) to
$113,359 from $130,265 in the three month period ended June 30, 2000.
Engineering Expense has also decreased in the three month period ended June 30,
2001 by $18,837 (13.7%) to $118,566 from $137,403 in the three month period
ended June 30, 2000.

         Interest expense increased by $21,154, as a direct result of
re-financing activities in 2000, in the three month period ended June 30, 2001
to $219,674 from $198,520 in the three month period ended June 30, 2000.
Depreciation and amortization expense increased by $9,484 for the three month
period ended June 30, 2001 to $254,308 from $244,824 in the three month period
ended June 30, 2000. Increased depreciation and amortization costs are the
result of increased fixed assets and additional depreciation on completed
construction at the Ramada City Center, as well as higher loan cost
amortization.

         Income before Income Tax Benefit (Provision) was $24,823 in the three
month period ended June 30, 2001 as compared to a loss of $(2,339) in the three
month period ended June 30, 2000.




                                        8
<PAGE>


Six Months Ended June 30, 2001 compared to Six Months Ended June 30, 2000 for
--------------------------------------------------------------------------------
 Operations
-----------

         For the six month period ended June 30, 2001, total revenues were
$3,356,034 as compared to $3,722,426 in the six month period ended June 30,
2000. Factors affecting this decrease of $366,392 were several severe winter
storms during the first quarter that caused the cancellation of travel along the
mid-Atlantic to northeastern state area, increased competition in the Princeton,
New Jersey area, and a general down-turn of the national economy.

         Total costs and expenses were $2,839,637 for the six month period ended
June 30, 2001 as compared to $3,333,336 in the six month period ended June 30,
2000, reflecting an overall decrease of $493,699 or 14.8%. This decrease in
costs and expenses resulted in increased income from operations before taxes,
insurance, interest, depreciation and amortization of $127,307, from $389,090 in
2000 to $516,396 in 2001, despite the downturn in revenues as discussed in the
paragraph above. The decrease in expenses are a direct result of Management's
cost cutting efforts. Virtually every expense classification has been reduced as
a result of these efforts.

         Total Direct Cost of Revenues, including Rooms, Food & Beverage and
Other operating expenses decreased by $271,047 (14.5%), to $1,598,137 for the
six month period ended June 30, 2001, compared to $1,869,184 for the same period
in 2000. This decrease is a result of focused operating cost reductions by hotel
managers and a decrease in occupancy at the hotels.

         Corporate Office expenses decreased in the six month period ended June
30, 2001 by $162,582 (27.4%) to $431,355 from $593,937 in the six month period
ended June 30, 2000. Sales and Marketing expenses decreased in the six month
period ended June 30, 2001 by $40,218 (14.8%) to $229,854 from $270,072 in the
six month period ended June 30, 2000. Engineering Expense has also decreased in
the six month period ended June 30, 2001 by $33,698 (12.5%) to $235,559 from
$269,257 in the six month period ended June 30, 2000.

         Interest expense increased as a direct result of re-financing
activities in 2000 in the six month period ended June 30, 2001 by $38,533 to
$439,271 from $400,738 in the six month period ended June 30, 2000. Depreciation
and amortization expense increased by $45,378 for the six month period ended
June 30, 2001 to $511,635 from $466,257 in the six month period ended June 30,
2000. Increased depreciation and amortization costs are the result of increased
fixed assets and additional depreciation on completed construction at the Ramada
City Center, as well as higher loan cost amortization.

         Loss before Income Tax Benefit was $(621,315) in the six month period
ended June 30, 2001 as compared to $(667,910) in the six month period ended June
30, 2000.


Liquidity and Capital Resources
-------------------------------

         The Company's working capital deficiency increased from December 31,
2000 by $64,042. As of June 30, 2001, the Company had net accounts receivable of
$65,941 as compared to $185,227 at December 31, 2000. As of June 30, 2001, the
Company had accounts payable and accrued expenses of $1,656,353 as compared to
$1,557,273 at December 31, 2000.

         The Company plans to improve operating cash flow and liquidity by
improving occupancy rates at Ramada Plaza and Palmer Inn, and by eliminating
operating losses at the Chamberlin Hotel through sale of the property. In
addition, continuing efforts have been made to reduce and consolidate costs at
each hotel location, as well as at the corporate office. Construction on a
MacGregor's Market(R) store began in May, 2001 with an anticipated opening date
of September 30, 2001, which will increase revenues through the addition of rent
payments. There can be no assurance that the Company will be successful in any
of these efforts.



                                        9
<PAGE>


ADDITIONAL FACTS TO CONSIDER
----------------------------

Outlook
-------

         Historically, the mid-Atlantic hotel region experiences higher
occupancy during the second and third quarters of the financial year. All three
hotels met or performed better than the Company's budgeted operations during the
second quarter and Management expects the same performance during the third
quarter, 2001. The Ramada City Center has a commitment for the return of
representatives involved in the tobacco litigation business starting in
September 2001, which results in booking of additional rooms for an extended
length of time. Several steps have been taken to reduce and to consolidate costs
at each hotel location, as well as the corporate office. In addition to the
foregoing factors, the Company plans to improve operating cash flow and
liquidity by eliminating operating losses at the Chamberlin Hotel through the
sale of the property. There can be no assurance that the Company will be
successful in those efforts.

                                       10

<PAGE>





PART II - OTHER INFORMATION
---------------------------

Legal Proceedings

         (a) In June, 1999, the Company's subsidiaries Ohio Key I, Inc. and Ohio
Key II, Inc. (collectively, "Ohio Key") filed suit against JCB Financial
Corporation, James C. Barggren, Chamberlin Hotel, L.L.C., and The Chamberlin
Hotel Company in the Circuit Court for the City of Hampton, State of Virginia.
When Ohio Key purchased The Chamberlin Hotel, Ohio Key assumed two notes in the
aggregate principal amount of $3,000,000 payable to The Chamberlin Hotel
Company, which were secured by two deeds of trust (the "Deeds of Trust"). Said
notes were paid, in full, on or about February 4, 1999. Despite such payment,
The Chamberlin Hotel Company assigned the Deeds of Trust to JCB Financial
Corporation, a corporation controlled by James C. Barggren. Subsequent to such
assignment, JCB Financial Corporation refused to satisfy said Deeds of Trusts in
the public records. Ohio Key filed the subject litigation (i) to have the Deeds
of Trust judicially determined to be satisfied and discharged, and (ii) to
obtain a determination as to what amounts of money, if any, were owed by Ohio
Key to James C. Barggren and his affiliates (collectively, "Barggren").

         On October 6, 2000, the parties agreed to settle this case. Pursuant to
such settlement, the parties agreed, among other things, that (i) as of October
6, 2000, the principal balance due Barggren was $1,536,276 together with
interest in the amount of $15,151 for a total of $1,551,427, (ii) Ohio Key would
pay Barggren as soon as possible the principal sum of $1,400,000 plus accrued
interest, (iii) JCB Financial Corporation would satisfy the Deeds of Trust, and
(iv) at such time as the matters set forth in (ii) and (iii) were fulfilled, the
Court would enter an order dismissing this case and the Court would retain
jurisdiction to enforce the settlement and to enter any other appropriate
orders.

         On or about October 13, 2000, and as a result of the settlement, Ohio
Key paid Barggren the principal sum of $1,400,000 plus accrued interest and JCB
Financial Corporation satisfied the Deeds of Trust in the public records. The
court has dismissed this lawsuit but has retained jurisdictions to clarify
matters pertaining to the arbitration referred to below.

         In the above litigation, the Court appointed an auditor to prepare a
report ("Report") regarding the indebtedness and claims by and between Ohio Key
and Barggren. The final Report states that Barggren owes Ohio Key the sum of
$265,678.88. Ohio Key and Barggren agreed in such litigation that the
appropriateness of the Report would be submitted to "fast track" arbitration. In
October 2000, James C. Barggren and JCB Financial Corp. requested arbitration
with respect to the Report and any credits or setoffs Barggren may be entitled
to for unpaid principal or interest. No hearings have been held, nor have any
hearings been scheduled, in said arbitration proceedings.

                                       11

<PAGE>



         (b) On June 30, 2000, an Order was entered in a suit filed by
PYA/Monarch, Inc. against the Company in the Circuit Court for the City of
Virginia Beach, Virginia. The Order provided for the entry of a default judgment
against the Company in the sum of $72,138.02, with interest thereon at the rate
of twenty-four per cent (24%) per annum from March 22, 2000, and reasonable
attorney's fees in the amount of $18,000. The Company was not aware of such
Order, or the existence of the underlying lawsuit, until months after the entry
of the Order. Upon becoming aware of such lawsuit, the Company filed a motion to
set aside the default judgment on the basis that the Company was not the proper
party defendant and that the proper defendant should have been the Company's
subsidiary, Old Point Comfort Hotel, L.L.C. ("Old Point"). At the hearing on
such motion, PYA/Monarch Inc. agreed to voluntarily dismiss this lawsuit and to
file appropriate pleadings stating that the default judgment against the Company
is a nullity. Also, at such hearing, Old Point agreed to sign a Confession of
Judgment Obligation in the original principal amount of $77,500 and said
obligation was subsequently delivered to PYA/Monarch, Inc. The obligation to pay
was paid in full in July 2001.

         (c) On November 30, 2000, Ohio Key I, Inc. filed suit against Monroe
County in the Circuit Court for the Sixteenth Judicial Circuit In and For Monroe
County, Florida. The subject matter of this suit is the Sunshine Key RV Resort
and Marina (the "Park") located in Big Pine Key, Florida; the Park was sold by
Ohio Key I, Inc. on June 4, 1998. The nature of this litigation is, among other
things, a request for monetary damages in the amount of $10,000,000 based upon
Monroe County's alleged improper code enforcement activities that resulted in
Ohio Key I, Inc. selling the Park at below market value. The causes of action in
the complaint are based upon, among other things, defamation, and abuse of
process, malicious prosecution and tortious interference with a contractual
relationship. Monroe County filed a motion to dismiss the complaint. On July 2,
2001, the Court granted said motion to dismiss and Ohio Key I, Inc. was given
permission to file a second amended complaint. Ohio Key I, Inc. intends to file
such second amended complaint, however, as of this date said complaint has not
been filed.

            (d) In October, 2000, Linda Lutz filed suit against Palmer Inn,
Princeton, LLC and Vintage Hotels Corporation, among others, in the Superior
Court of New Jersey in Middlesex County. The nature of this litigation is, among
other things, a request for unspecified monetary damages based upon alleged
sexual harassment by the defendants, in the form of pregnancy discrimination.
The causes of action in the Complaint are based upon, among other things, sexual
harassment, retaliation and disparate treatment. The Palmer Inn, Princeton, LLC
and Vintage Hotels Corporation have filed answers to the Complaint and no
hearings have been scheduled in this litigation.

            (e) In November, 2000, Betty J. Dempsey filed suit against Ohio Key
I, Inc., Ohio Key II, Inc., McLure House Hotel & Conference Center, LLC, and the
City of Wheeling. The nature of this litigation is a request for monetary
damages in the amount of $50,000 based upon the plaintiff's alleged slip and
fall on a crack in a sidewalk adjacent to the Ramada Plaza City Center. The
causes of action in the Complaint are based upon negligence. The City of
Wheeling has filed a cross claim seeking contribution or indemnity against Ohio
Key I, Inc., Ohio Key II, Inc., and McLure House Hotel & Conference Center, LLC.
This matter has been referred to the Company's insurance carrier, and Ohio Key
I, Inc., Ohio Key II, Inc., and McLure House Hotel & Conference Center, LLC,
have filed a cross claim seeking contribution or indemnity against the City of
Wheeling. No hearings have been scheduled in this litigation.





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<PAGE>


Item 2. Changes in Securities

        Not applicable


Item 3. Defaults Upon Senior Securities

        Not applicable


Item 4. Submission of Matter to a Vote of Security Holders

        Not applicable



Item 5. Other Information

          During the second quarter of 2001, a ten year franchise agreement was
signed with Orion Food Systems to open a MacGregor's Market(R) store at
Pelican's Ramada Plaza City Center Hotel in Wheeling, West Virginia. Orion is a
leading U.S. franchiser of multi-branded fast food restaurants with more than
2000 outlets throughout the world located in hotels, malls and on college and
military campuses. The restaurant, a quick casual dining restaurant featuring a
distinctive menu and a relaxed contemporary atmosphere, will be operated by
Sparachane Enterprises, Inc. under a four year lease term. Sparachane
Enterprises currently operates several Undo's restaurants in the Ohio Valley.
Construction on the restaurant began in May, utilizing borrowings on a $109,000
term note from Westbanco Bank, Wheeling, West Virginia.



Item 6. Exhibits and Reports on Form 8-K

        None

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<PAGE>



    SIGNATURES

In accordance with Section 13 or 15 (d) of the Securities Exchange Act of 1934,
Pelican Properties International, Corp. has caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.




PELICAN PROPERTIES INTERNATIONAL, CORP.



DATE:      August14, 2001               By:  /s/ C. John Knorr
         ------------                       --------------------------------
                                                 C. John Knorr, Chairman




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