Advertisement
YOU ARE HERE: LAT HomeCollectionsEquity Inns Inc
IN THE NEWS

Equity Inns Inc

FEATURED ARTICLES
BUSINESS
April 22, 1998 | Bloomberg News
Equity Inns Inc. agreed to buy RFS Hotel Investors Inc. for $990 million in stock and assumed debt, giving the real estate investment trust more upscale hotels and almost doubling its number of rooms. Equity Inns would swap 1.5 shares for each RFS share, valuing them at about $23 based on Tuesday's closing stock price, for a premium of 18%. The purchase would add RFS' 61 hotels to Equity Inns' portfolio of 95 hotels, with brands such as Hampton Inn, Residence Inn, Sheraton and Amerisuites.
ARTICLES BY DATE
BUSINESS
September 9, 1998 | Bloomberg News
Equity Inns Inc. and RFS Hotel Investors Inc., two Memphis, Tenn., real estate investment trusts that own hotels, canceled a merger deal proposed in April after shares of Equity Inns dropped 30%. Equity Inns had agreed to buy RFS for $990 million in stock and assumed debt, a move that would have given it more upscale properties. Equity Inns owns 107 hotels with more than 13,700 rooms in 36 states; RFS has 64 hotels with about 9,400 rooms in 24 states. Equity Inns had originally agreed to swap 1.
Advertisement
BUSINESS
September 9, 1998 | Bloomberg News
Equity Inns Inc. and RFS Hotel Investors Inc., two Memphis, Tenn., real estate investment trusts that own hotels, canceled a merger deal proposed in April after shares of Equity Inns dropped 30%. Equity Inns had agreed to buy RFS for $990 million in stock and assumed debt, a move that would have given it more upscale properties. Equity Inns owns 107 hotels with more than 13,700 rooms in 36 states; RFS has 64 hotels with about 9,400 rooms in 24 states. Equity Inns had originally agreed to swap 1.
BUSINESS
April 22, 1998 | Bloomberg News
Equity Inns Inc. agreed to buy RFS Hotel Investors Inc. for $990 million in stock and assumed debt, giving the real estate investment trust more upscale hotels and almost doubling its number of rooms. Equity Inns would swap 1.5 shares for each RFS share, valuing them at about $23 based on Tuesday's closing stock price, for a premium of 18%. The purchase would add RFS' 61 hotels to Equity Inns' portfolio of 95 hotels, with brands such as Hampton Inn, Residence Inn, Sheraton and Amerisuites.
Los Angeles Times Articles
|