ENN Equity Inns

Equity Inns, Inc. (NYSE:ENN), the third largest hotel real estate investment trust (REIT), today announced that the Company has divested its interest in a 130-room Hampton Inn in Atlanta (Northlake), Georgia for approximately $5.1 million to an unrelated third party. The price equates to a capitalization rate of approximately 4% based on trailing twelve months net operating income. Mr. Howard Silver, President and Chief Executive Officer commented, "The transaction is consistent with our strategy of the timely sales of properties when they no longer provide the long-term growth opportunity of our core portfolio. As a 20 year old hotel, this sale also helps to reduce the average age of our portfolio." About Equity Inns Equity Inns, Inc. is a self-advised REIT that focuses on the upscale extended stay, all-suite and midscale limited-service segments of the hotel industry. The Company, which ranks as the third largest hotel REIT based on number of hotels, currently owns 126 hotels with 15,027 rooms located in 36 states. For more information about Equity Inns, visit the Company's Web site at www.equityinns.com.