News for the Hospitality Executive
|GERMANTOWN, Tenn. - August 23, 2007 - Equity Inns, Inc.
(NYSE: ENN) (the “Company”), the third largest hotel real estate investment
trust (REIT), today announced that it signed an agreement to acquire a
portfolio of eight hotels, with a total of 742-rooms, from InterMountain
Management, LLC (“InterMountain”) for approximately $90.5 million, or $122,000
The hotels in the portfolio include
About Equity Inns
Equity Inns, Inc. is a self-advised REIT that focuses on the upscale extended stay, all-suite and midscale limited-service segments of the hotel industry. The Company, which ranks as the third largest hotel REIT based on number of hotels, currently owns 133 hotels with 15,822 rooms located in 35 states. For more information about Equity Inns, visit the Company's website at www.equityinns.com.
Equity Inns, Inc.
|Also See:||Equity Inns Inc. Enters Into a Definitive Agreement to Be Acquired by Whitehall Street Global Real Estate in a Transaction Worth $2.2 billion; Equity Inns Currently Owns 132 Hotels / June 2007|