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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 3)*

Ridgewood Hotels, Inc.

(Name of Issuer)

Common Stock, $0.01 Par Value

(Title of Class of Securities)

766234 10 8

(Cusip Number)

Mr. Henk Evers
Ridgewood Hotels, Inc.
100 Rue Charlemagne
Braselton, Georgia 30517
(678) 425-0900

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

July 3, 2003

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

^* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

TABLE OF CONTENTS


EXPLANATORY NOTE
SIGNATURES
INDEX TO EXHIBITS
EX-99.A JOINT FILING AGREEMENT


CUSIP No. 766234 10 8					Page 2 of 7

	1.	Name of Reporting Person: Fountainhead Holdings, Inc.			I.R.S. Identification Nos. of above persons (entities only):

	2.	Check the Appropriate Box if a Member of a Group (See Instructions):
		(a)	o
		(b)	o

	3.	SEC Use Only:

	4.	Source of Funds (See Instructions): OO

	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

	6.	Citizenship or Place of Organization: Georgia

Number of Shares Beneficially Owned by Each Reporting Person With
			7.	Sole Voting Power: None

			8.	Shared Voting Power: 3,000,000

			9.	Sole Dispositive Power: None

			10.	Shared Dispositive Power: 3,000,000

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person: 3,000,000

	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): o

	13.	Percent of Class Represented by Amount in Row (11): 77.7%

	14.	Type of Reporting Person (See Instructions): CO

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CUSIP No. 766234 10 8					Page 3 of 7

	1.	Name of Reporting Person: Fountainhead Holdings, Ltd.			I.R.S. Identification Nos. of above persons (entities only):

	2.	Check the Appropriate Box if a Member of a Group (See Instructions):
		(a)	o
		(b)	o

	3.	SEC Use Only:

	4.	Source of Funds (See Instructions): AF

	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

	6.	Citizenship or Place of Organization: Bermuda

Number of Shares Beneficially Owned by Each Reporting Person With
			7.	Sole Voting Power: None

			8.	Shared Voting Power: 3,000,000

			9.	Sole Dispositive Power: None

			10.	Shared Dispositive Power: 3,000,000

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person: 3,000,000

	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): o

	13.	Percent of Class Represented by Amount in Row (11): 77.7%

	14.	Type of Reporting Person (See Instructions): CO

3 of 7


CUSIP No. 766234 10 8					Page 4 of 7

	1.	Name of Reporting Person: Donald E. Panoz			I.R.S. Identification Nos. of above persons (entities only):

	2.	Check the Appropriate Box if a Member of a Group (See Instructions):
		(a)	o
		(b)	o

	3.	SEC Use Only:

	4.	Source of Funds (See Instructions): AF

	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

	6.	Citizenship or Place of Organization: Ireland

Number of Shares Beneficially Owned by Each Reporting Person With
			7.	Sole Voting Power: None

			8.	Shared Voting Power: 3,000,000

			9.	Sole Dispositive Power: None

			10.	Shared Dispositive Power: 3,000,000

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person: 3,000,000

	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): o

	13.	Percent of Class Represented by Amount in Row (11): 77.7%

	14.	Type of Reporting Person (See Instructions): IN

4 of 7


CUSIP No. 766234 10 8					Page 5 of 7

	1.	Name of Reporting Person: Nancy C. Panoz			I.R.S. Identification Nos. of above persons (entities only):

	2.	Check the Appropriate Box if a Member of a Group (See Instructions):
		(a)	o
		(b)	o

	3.	SEC Use Only:

	4.	Source of Funds (See Instructions): AF

	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

	6.	Citizenship or Place of Organization: Ireland

Number of Shares Beneficially Owned by Each Reporting Person With
			7.	Sole Voting Power: None

			8.	Shared Voting Power: 3,000,000

			9.	Sole Dispositive Power: None

			10.	Shared Dispositive Power: 3,000,000

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person: 3,000,000

	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): o

	13.	Percent of Class Represented by Amount in Row (11): 77.7%

	14.	Type of Reporting Person (See Instructions): IN

5 of 7

EXPLANATORY NOTE

This Amendment No. 3 to Schedule 13D is being filed jointly by and on behalf of each of Fountainhead Holdings, Inc., Fountainhead Holdings, Ltd., Donald E. Panoz and Nancy C. Panoz and relates to shares of the common stock, par value $0.01 per share (the “Common Stock”), of Ridgewood Hotels, Inc. (the “Issuer”).

Item 3. Source and Amount of Funds or Other Consideration.

Certain of the information set forth in the Schedule 13D with respect to this Item 3 is hereby amended and supplemented by adding the information contained in response to Item 4.

Item 4. Purpose of the Transaction.

Certain of the information set forth in the Schedule 13D with respect to this Item 4 is hereby amended and supplemented by adding the following:

As part of the settlement of certain litigation among the Issuer, ADT Security Services, Inc. (as successor to Triton Group, Ltd., a named defendant), certain other named defendants and certain other shareholders of the Issuer in the Court of Chancery of the State of Delaware, Fountainhead Holdings, Inc. has returned 450,000 shares of Series A Convertible Preferred Stock of the Issuer and has received simultaneously in exchange therefor 1,350,000 shares of Common Stock.

Item 7. Material to Be Filed as Exhibits.

Exhibit A – Joint filing agreement pursuant to Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, among Fountainhead Holdings, Inc., Fountainhead Holdings, Ltd., Donald E. Panoz and Nancy C. Panoz.

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SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


Date: July 7, 2003	Fountainhead Holdings, Inc.

	By:	/s/ Anthony J. Mastandrea Anthony J. Mastandrea Chief Financial Officer and Treasurer

	Fountainhead Holdings, Ltd.

	By:	/s/ Anthony J. Mastandrea Anthony J. Mastandrea Chief Financial Officer

	/s/ Donald E. Panoz Donald E. Panoz

	/s/ Nancy C. Panoz Nancy C. Panoz

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INDEX TO EXHIBITS


Exhibit	Description of Exhibit	Filing Method

(A)	Joint filing agreement by and among the Reporting Persons to Amendment No. 3 to Schedule 13D	Filed herewith

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FOUNTAINHEAD HOLDINGS INC SC 13D/A