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Article: Equity Inns Completes Purchase of Three Hotels.
- Article from:
- Business Wire
- Article date:
- May 3, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GERMANTOWN, Tenn. -- Equity Inns, Inc. (NYSE: ENN), a hotel real estate investment trust (REIT), today announced that it has finalized its purchase of three hotels in two separate transactions. Equity Inns completed the purchase of two hotels in Jacksonville, Florida, including an 81-room Marriott Courtyard and a 78-suite Residence Inns by Marriott, for approximately $12.5 million. Separately, the Company closed on the acquisition of a 93-room Courtyard by Marriott in Bowling Green, Kentucky, for $6.9 million. Equity Inns expects both transactions to have a positive impact on its 2005 funds from operations.
As previously disclosed, the two properties in ...
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Article: Equity Inns Announces Agreement to Buy Ten ...
PR Newswire;
September 22, 1997 ;
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... ... Tenn., Sept. 22 /PRNewswire/ -- Equity Inns, Inc. (NYSE: ENN) today announced ... will be paid with partnership units of Equity Inns Partnership, L.P. Prime Hospitality ... are under development. The ten hotels Equity Inns will purchase, which have a total of ...
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