EQUITY INNS FILES COMMON STOCK OFFERING.

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)--June 7, 1995--Equity Inns, Inc. (Nasdaq\NM:ENNS) today announced that a Registration Statement has been filed with the Securities and Exchange Commission relating to relating to relate prep → concernant

relating to relate prep → bezüglich +gen, mit Bezug auf +acc a proposed public offering by the Company of 4,000,000 shares of the Company's common stock. Net proceeds Net Proceeds

The amount received after all costs are deducted from the sale of a piece of property or security.

Notes:
In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the offering will be used to acquire the two hotels previously announced in Rutland, Vermont Rutland, Vermont may be:

Rutland (city), Vermont
Rutland (town), Vermont

also:

Rutland County, Vermont
West Rutland, Vermont

(Comfort Inn), and Cleveland, Tennessee Cleveland is a city in Bradley County, Tennessee, United States. The population was 37,192 at the 2000 census. It is the county seat of Bradley County^GR6. (Hampton Inn), and to reduce borrowings under the Company's bank line of credit. Morgan Keegan & Company, Inc., J.C. Bradford & Co. and Tucker Anthony Incorporated will act as managing underwriters for the offering.

Equity Inns, Inc. is a self-advised real estate investment trust headquartered in Memphis, Tennessee For the ancient Egyptian capital, see .

Memphis is a city in the southwest corner of Tennessee, and the county seat of Shelby County. Memphis rises above the Mississippi River on the 4th Chickasaw Bluff just below the mouth of the Wolf River. owning 20 Hampton Inn hotels, 2 Residence Inns hotels, 2 Holiday Inns hotels, 1 Comfort Inn hotel, and 1 Holiday Inn Express hotel.

A Registration Statement relating to the common stock has been filed with the Securities and Exchange Commission but has not yet become effective. The common stock may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the common stock in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification of the common stock under the laws of any such state.

CONTACT: Equity Inns, Inc., Memphis

Howard A. Silver, 901/761-9651

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Publication:	Business Wire
Date:	Jun 7, 1995
Words:	252
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