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Article: Equity Inns Expects to Report 7.1 Percent Decline in 3Q RevPAR; Hotels Less Impacted than Industry; Company Announces Third Quarter Conference Call.
- Article from:
- Business Wire
- Article date:
- October 10, 2001
CopyrightCOPYRIGHT 2001 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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Business Editors
GERMANTOWN, Tenn.--(BUSINESS WIRE)--Oct. 10, 2001
Equity Inns, Inc. (NYSE: ENN), a hotel real estate investment trust (REIT), today announced that, according to preliminary data, the company expects to post an approximate 7.1 percent decline in revenue per available room (RevPAR) for the third quarter ended September 30, 2001, versus last year's third quarter.
Equity Inns' preliminary operating data for the 2001 third quarter versus last year are as follows:
-- July RevPAR declined 3.7 percent
-- August RevPAR declined 2.8 percent
-- September RevPAR declined 15.5 percent
For the weeks following the ...