Inland Capital Markets Group, Inc. Announces Proposal To Acquire Winston Hotels, Inc. for $15 Per Share in Cash

Business Wire, March 8, 2007

OAK BROOK, Ill. -- Inland Capital Markets Group, Inc. ("ICAM") announced today that it has submitted a proposal on behalf of Inland American Real Estate Trust, Inc. to the board of directors of Winston Hotels, Inc. (NYSE:WXH), to enter into a merger agreement through a wholly-owned subsidiary to acquire WXH for $15.00 per share in cash.

Winston is currently the subject of an agreement with Wilbur Acquisition Holding Company, LLC, entered into on February 22, 2007, pursuant to which Wilbur agreed to acquire all of the outstanding shares and operating units of Winston at a price of $14.10 per share or unit. The ICAM offer to acquire all of the outstanding shares and operating units of Winston Hotels, Inc., payable in cash and not subject to any financing or refinancing, would provide shareholders with a higher transaction price than the existing merger agreement with Wilbur Acquisition Holding Company. There can be no assurance that Winston Hotels, Inc. will enter into an agreement with Inland.

ICAM is acting as advisor, and DLA Piper US LLP is acting as legal counsel for Inland American Real Estate Trust, Inc.

Inland Capital Markets Group, Inc., headquartered in Atlanta, Georgia, is part of The Inland Real Estate Group of Companies, Inc. ICAM identifies, analyzes, and provides advice to various entities relating to real estate development and asset based corporate acquisitions, as well as equity investments for The Inland Real Estate Group of Companies, Inc.

Inland American Real Estate Trust, Inc. is a real estate investment trust focused on the acquisition and ownership of a diversified portfolio, including retail, office, multi-family and industrial properties within the United States and Canada, either directly, or by acquiring REITs or other "real estate operating companies". Inland American is one of four REITs that are, or have been, sponsored by affiliates of The Inland Real Estate Group of Companies, Inc. For further information regarding Inland American Real Estate Trust, Inc., please refer to the company website at www.inland-american.com.