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Jameson Inns, Inc. Reports ADR, Occupancy and REVPAR for January 2003

2003-02-13

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Jameson Inns, Inc. (Nasdaq: JAMS), a hotel real estate investment trust (REIT), and owner of Jameson Inn and Signature Inn hotels, today announced that revenue per available room ("REVPAR") was $21.53 in January, a slight decrease from January 2003. Average daily rate increased $.15 for the month while occupancy decreased .2 points.



Occupancy      Average Daily Rate      REVPAR

          Brand           2003    2002      2003     2002     2003     2002



       Jameson Inns       42.7%  41.6%     $57.15   $56.53   $24.41   $23.52

       Signature Inns     27.7%  30.7%     $58.89   $59.62   $16.30   $18.29

       Combined

        Brands            37.4%  37.6%     $57.60   $57.45   $21.53   $21.61

Smith Travel Research recently reported that preliminary January figures for the economy segment, where all Jameson hotels are categorized, show REVPAR ranging from up 1% to declining by 1%. STR has also estimated a flat to 2% improvement in the total U.S. lodging industry for the month.

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