ENN Equity Inns

Equity Inns, Inc. (NYSE: ENN), the third largest hotel real estate investment trust (REIT), today announced that its Board of Directors has declared quarterly cash dividends of $0.19 per common share, $0.546875 per Series B preferred share and $0.50 per Series C preferred share. The record date for the common dividend and the preferred dividends is June 30, 2006. The preferred dividends are payable on July 31, 2006, while the common dividend is payable on August 1, 2006. 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 125 hotels with 14,845 rooms located in 36 states. For more information about Equity Inns, visit the Company's Web site at www.equityinns.com.