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

2003-09-19

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ATLANTA, Sept. 18 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 $33.55 in August, a $.04 increase from August 2002. Average daily rate decreased $1.22 for the month while occupancy increased 1.1 points.

                                        Average Daily

                         Occupancy          Rate             REVPAR

   Brand              2003      2002    2003     2002      2003    2002



   Jameson Inns       57.0%     55.5%  $59.11   $59.17    $33.70  $32.87

   Signature Inns     52.7%     52.2%  $63.12   $66.47    $33.27  $34.69

   Combined Brands    55.5%     54.4%  $60.43   $61.65    $33.55  $33.51

Smith Travel Research recently reported that preliminary August figures for the economy segment, where all Jameson hotels are categorized, show REVPAR ranging from flat to an increase of 2%. STR has also estimated flat to an increase of 2% in REVPAR in the total U.S. lodging industry for the month.

Jameson Inns, Inc. is a REIT that develops and owns the Jameson Inn and Signature Inn limited service hotel properties.

Logos, product and company names mentioned are the property of their respective owners.