Press Release: Equity Inns, Inc.
January 9, 2002
GERMANTOWN, TN -- Equity Inns, Inc. (NYSE: ENN), a hotel real estate investment trust (REIT), yesterday announced
that it will release fourth quarter financial results on Thursday, February 14, 2002, prior to the market's opening.
At 11 a.m. ET, the company's senior management team will conduct a conference to review the financial results,
followed by a question and answer period. Participants will include Phillip McNeill, Sr., chairman and CEO; Howard
Silver, president and COO; and Donald Dempsey, chief financial officer.
The company also said that its hotels continued to experience RevPAR declines in the fourth quarter, but that preliminary
results indicate a marked improvement in December. On a preliminary basis, RevPAR declined approximately 4.5 percent
in December, following decreases of 8.7 percent and 11.1 percent in October and November, respectively.
Shareholders and other interested parties may listen to a simultaneous webcast of the earnings conference call
by logging onto www.equityinns.com or www.streetevents.com.
A replay of the conference call will be available on the Internet at www.streetevents.com
and the company's web site for seven days following the call. A recording of the call also will be available by
telephone until 11:59 p.m., Thursday, February 21, 2002, by calling (800) 642-1687, pass code 2845758.
Equity Inns, Inc. is a self-advised REIT that focuses on the upscale extended stay, all-suite and midscale limited-service
segments of the hotel industry. The company owns 96 hotels with approximately 12,300 rooms located in 34 states.
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Contact:
Company: Equity Inns, Inc.
Howard Silver, 901/754-7774
or
Media: Daly Gray
Jerry Daly or Carol McCune
703/435-6293