ENN Equity Inns

Equity Inns, Inc. (NYSE: ENN), the third largest hotel real estate investment trust (REIT), today announced the closing of the remaining three of the five hotel acquisitions previously announced on December 19, 2005. The Company completed the purchase of the 112-room Courtyard by Marriott in Orlando (Maitland), Florida, the 78-room Residence Inn in Tampa, Florida, and the 66-room Residence Inn in Mobile, Alabama. The combined purchase price for the three hotels was $27.3 million. The Company also announced the sale of a 122-room exterior corridor Hampton Inn in Chapel Hill, North Carolina, for approximately $5.3 million to an unrelated third party. 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 14,971 rooms located in 36 states. For more information about Equity Inns, visit the Company's Web site at www.equityinns.com.