Hotel News Resource - Winston Hotels Hotel Industry News

Winston Hotels, Inc. (NYSE: WXH), a real estate investment trust and owner of premium limited-service, upscale extended-stay and full-service hotels, today announced that it terminated its contract to acquire the Tribeca Hilton Garden Inn and agreed to dismiss its pending action against the seller in exchange for a payment of $16 million.

120-room Hampton Inn and Suites, 80-room aloft Slated for Project

Company Also Announces Sale of One Wholly Owned Hotel and One Joint Venture Hotel

Winston Hotels, Inc. (NYSE:WXH) today announced that it has entered into a definitive agreement and plan of merger pursuant to which Inland American Real Estate Trust, Inc. has agreed to purchase 100% of the outstanding shares of common stock and Series B preferred stock of the company.

Winston Hotels, Inc. (NYSE: WXH), a real estate investment trust and owner of premium limited-service, upscale extended-stay and full-service hotels, today announced that it has entered into a definitive agreement and plan of merger pursuant to which Wilbur Acquisition Holding Company, LLC has agreed to purchase 100% of the outstanding shares of common stock of the company.

Exceeds First Call Consensus Analyst Expectations

Winston Hotels, Inc. (NYSE: WXH), a real estate investment trust (REIT) and owner of premium limited-service, upscale extended-stay and full-service hotels, today announced results for the three and six months ended June 30, 2006.

Winston Hotels, Inc. (NYSE: WXH), a real estate investment trust (REIT) and owner of premium limited-service, upscale extended-stay and full-service hotels, today announced results for the fourth quarter and year ended December 31, 2005.

Net loss available to common shareholders was $8.7 million for the 2005 third quarter, or ($0.33) per share, compared to net income available to common shareholders of $3.1 million, or $0.12 per share, for the same period a year earlier.

Winston Hotels, Inc. (NYSE: WXH), a real estate investment trust (REIT) and owner of premium limited-service, upscale extended-stay and full-service hotels, today announced results for the three and six months ended June 30, 2005.