RFS Hotel Investors, Inc. 1st Quarter Earnings Release and Conference Call

Press Release: RFS Hotel Investors, Inc.
April 4, 2002
MEMPHIS, TN -- RFS Hotel Investors, Inc. (NYSE:RFS):

                 RFS HOTEL INVESTORS, INC. (NYSE:RFS - news)
           1st QUARTER EARNINGS RELEASE and CONFERENCE CALL
                               Thursday
                              May 2, 2002
                        9:00 a.m. Central Time
        Dial In: 312/470-7040 (15 min. prior to start of call)
                  Passcode: RFS, Leader - Bob Solmson
      Replay: 402/220-0268 available until June 30, 5:00 p.m. CT
         WebCast and the conference call replay is accessible
                          at www.rfshotel.com


Earnings will be released pre-market opening on Thursday, May 2, with the conference call set at 9:00 a.m. Central time. For questions concerning either the earnings release or the conference call, please contact Cheryl Stewart at 901/767-7005.

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Contact: 
     RFS Hotel Investors, Inc., Memphis
     Cheryl Stewart, 901/767-7005
     www.rfshotel.com