Article: Equity Inns Expands Presence in the South; Company to Acquire First Hilton Garden Inn.

GERMANTOWN, Tenn. -- Equity Inns, Inc. (NYSE: ENN), a hotel real estate investment trust (REIT), today announced that it has entered into an agreement to purchase two hotels from two limited partnerships that are managed by LinGate Hospitality Group of Owensboro, Kentucky.

Equity Inns will acquire a Marriott Courtyard in Dalton, Georgia, the carpet industry capital of the world, with 93 rooms. In addition, Equity Inns will acquire its first Hilton Garden Inn located in Louisville, Kentucky in one of the areas major corporate office parks, with 112 rooms. Both hotels are five years old, and the total purchase price will be approximately $14 million, which ...

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