Hotel News Resource - Equity Inns Hotel Industry News

Equity Inns, Inc. (NYSE: ENN) announced that it signed an agreement to acquire a portfolio of eight hotels, with a total of 742-rooms, from InterMountain Management, LLC for approximately $90.5 million, or $122,000 per key.

$23.00 Per Share in Cash - Transaction Valued at $2.2 Billion

Equity Inns Expands Presence in California and Texas

Adjusted Funds From Operations Per Diluted Share Rises 12% to $0.38

Equity Inns, Inc. (NYSE: ENN), the third largest hotel real estate investment trust (REIT), today announced that the Company has completed the purchase of four upscale hotels for a total of $53.7 million.

Adds Marriott and Hilton Branded Hotels in Strong Suburban Austin Market

Buys Four Premium Branded Marriott Hotels for $53.8 Million

Commits to Convert 18 AmeriSuites to Hyatt Place Hotels

Equity Inns, Inc. (NYSE: ENN), the third largest hotel real estate investment trust (REIT), today announced the sale of two older hotels. In two separate transactions, the Company sold a 19-year old, 130-room Hampton located in the Dallas suburb of Richardson, Texas and a 37-year old, 159-room exterior corridor Holiday Inn located in Winston Salem, North Carolina.

Company Also Completes the Sale of Three Non-Strategic Assets