UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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): ~~November~~February 305, ~~2009~~2010

CHARTWELL INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

Nevada

(State or other jurisdiction of incorporation)

000-51342

(Commission File No.)

95-3979080

(IRS Employer Identification No.)

7637 Leesburg Pike

Falls Church, VA 22043

(Address and telephone number of principal executive offices) (Zip Code)

(703) 635-7980

(Registrant's telephone number, including area code)

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 (see General Instruction A.2. below):

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

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

o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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

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

Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation udder an Off-Balance Sheet Arrangement.

See the information set forth in Item 8.01 of this Current Report on Form 8-K, which is incorporated by reference herein.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Effective ~~November~~February 305, ~~2009~~2010, Mr. ~~David~~Paul ~~Adams~~Biberkraut resigned from ~~the~~his ~~Company’s~~positions ~~Board~~as ofChief ~~Directors. There~~Financial ~~are~~& noAdministrative ~~disagreements~~Officer ~~with~~and Secretary to the Company,’s ~~and~~Board ~~there are~~of noDirectors ~~severance~~to ~~terms,~~pursue ~~deferred compensation, or~~ other ~~financial arrangements between Mr~~opportunities. ~~Adams and the Company.~~

Item 8.01 Other Events

~~On November~~Due ~~6, 12, 20 and 24, 2009, respectively, Chartwell International, Inc.~~to ~~received~~the ~~notices~~departure of ~~default~~our ~~from~~chief ~~four~~financial ~~secured~~and ~~promissory~~administrative ~~note~~officer ~~holders representing~~and ~~approximately $2,817,000 of~~ our ~~debt due to failure to make~~ ~~scheduled~~inadequate ~~payments~~financial onresources ~~such~~we ~~notes.~~will ~~This amount includes accrued interest, but does~~ not ~~include~~be ~~any~~able ~~penalty interest, legal fees or other charges relating~~ to ~~the~~ ~~collection~~file of the ~~debts. Additionally,~~required ~~on November 6, 2009, we~~periodic ~~received~~reports ~~a notice of default~~ on ana ~~unsecured~~timely ~~promissory~~basis ~~note~~with ~~of $480,000 due to failure to make scheduled payments on such note. Based on these defaults,~~ the ~~note~~ ~~holders~~Securities ~~have~~and ~~accelerated the entire principal balance due under such~~Exchange ~~notes~~Commission. ~~The~~As ~~secured~~previously ~~note~~reported ~~holders~~on ~~have~~December a2, ~~security~~2009, ~~interest~~we ~~in substantially all of our assets. We~~ are ~~currently~~ in default on ~~approximately $3,870,000~~several ofloan ~~debt~~obligations.

~~Our~~Based on ~~working~~our ~~capital~~inadequate ~~deficiency~~financial ~~was $2~~position,~~496,000~~ atour ~~September~~inability ~~30, 2009 and has substantially worsened~~ to becure ~~in excess of $4,000,000 as a result of~~ the ~~above-described~~ loan defaults~~. The Company currently has no cash available~~, ~~and~~ wecurrent ~~have~~litigation ~~been~~on ~~unsuccessful~~defaulted inunsecured ~~liquidating our remaining assets. Furthermore~~debt, ~~we do~~the ~~not~~prospect ~~have~~of ~~any immediate prospects for completing asset disposals. The Company~~further ~~has recently relied upon secured advances from a principal stockholder~~litigation, ~~Orchestra~~ ~~Finance,~~and ~~LLP,~~an inability to ~~cover~~fund ~~audit~~any ~~fees,~~litigation ~~legal fees and other operating~~ costs, ~~and expenses. We cannot cure the defaults nor do~~ we ~~have~~may ~~any~~be ~~expectation of~~forced ~~doing so in the near future. We anticipate that the note holders~~to ~~will~~seek ~~very~~bankruptcy ~~shortly commence legal proceedings against us and foreclose on all our assets~~protections.

We believe we may have some defences and remedies available to us. However, based on our inadequate financial position, our inability to cure the loan defaults, current litigation on defaulted unsecured debt, the prospect of further litigation, and an inability to fund any litigation costs, we may be forced to seek bankruptcy protections.

SIGNATURE

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 hereunto duly authorized.

CHARTWELL INTERNATIONAL, INC., a Nevada Corporation
Dated: December 2, 2009	By:	/s/ Paul Biberkraut
Dated: February 8, 2009	By:	/s/ Imre Eszenyi
		Paul Biberkraut,
		Imre Eszenyi,
		Chief Financial Officer
		Chairman of the Board

Filing Compare · Covalent Energy International, Inc.