EQUITY INNS COMPLETES ACQUISITION OF FIVE HOTELS WITH 660 ROOMS.MEMPHIS Memphis, city, ancient Egypt Memphis (mĕm`fĭs), ancient city of Egypt, capital of the Old Kingdom (c.3100–c.2258 B.C.), at the apex of the Nile delta and 12 mi (18 km) from Cairo. , Tenn.--(BUSINESS WIRE)--Sept. 25, 1995--Phillip H. McNeill, Sr., chairman and chief executive officer of Equity Inns, Inc. (Nasdaq\NM:ENNS), said, "Our previously announced acquisition of five hotels has been completed. Four of the hotels are Hampton Inns located in Jacksonville, Florida “Jacksonville” redirects here. For other uses, see Jacksonville (disambiguation). Jacksonville is the largest city in the state of Florida and the county seat of Duval County. (122 rooms); Fayetteville, North Carolina Fayetteville is a city located in Cumberland County, North Carolina. As of the 2000 census, the city had a total population of 121,015. It is the county seat of Cumberland County GR6, and is best known as the home of Fort Bragg, a U.S. (122 rooms); Indianapolis, Indiana “Indianapolis” redirects here. For other uses, see Indianapolis (disambiguation). Indianapolis (IPA: [ˌɪndiəˈnæpəlɪs]) is the capital city of the U.S. (129 rooms); Scranton, Pennsylvania (129 rooms); and one is a Holiday Inn in Mt. Pleasant, South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. (158 rooms), a suburb of Charleston. These five hotels add 660 rooms to Equity Inns' system. Our total number of hotel rooms is now 3,938. McNeill went on to say, "We currently have one Residence Inn in Omaha, Nebraska (80 suites), under contract with its closing still pending. We continue to see good opportunity to acquire hotels with sound fundamentals. This, coupled with our recent announcement to nearly double our line of credit, positions us well to continue our rapid growth through acquisitions." Equity Inns, Inc. is a self-advised real estate investment trust headquartered in Memphis, Tennessee which currently owns or has under contract 34 hotels in 21 states consisting of 25 Hampton Inns, 3 Residence Inns, 3 Holiday Inns, 2 Comfort Inns, and 1 Holiday Inn Express. CONTACT: Equity Inns, Inc., Memphis Howard A. Silver, 901/761-9651 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion