Trade Alert for Equity Inns Inc.

0 Comments | M2 Presswire, June, 2007

M2 PRESSWIRE-21 June 2007-bellwetherreport.com: Trade Alert for Equity Inns Inc(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:21062007 Trade Alert for Equity Inns Inc (NYSE:ENN) Equity Inns, Inc. operates as a real estate investment trust (REIT). It invests principally in the upscale extended stay, all-suite, and midscale limited-service hotel properties.

At December 31, 2005, it owned 123 hotel properties with approximately 14,788 rooms located in 36 states. The company has elected to be treated as a REIT under the Internal Revenue Code and would not be subject to federal income taxes, provided at least 90 of its taxable income is paid out as distributions to its shareholders. Equity Inns was founded in 1993 and is based in Germantown, Tennessee. Shares were...