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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT JUNE 15, 1998
EQUITY INNS, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
TENNESSEE 0-23290 62-1550848
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
4735 SPOTTSWOOD
SUITE 102
MEMPHIS, TENNESSEE 38117
(Address and zip code of
principal executive offices)
Registrant's telephone number, including area code: (901) 761-9651
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ITEM 5. OTHER EVENTS
This report contains certain exhibits filed in connection with the
filing of a preliminary Prospectus Supplement dated June 15, 1998 for Equity
Inns, Inc. (the "Company") relating to 4,000,000 shares of the Company's ___%
Series A Cumulative Preferred Stock, $.01 par value (Liquidation Preference $25
per share). Such Prospectus Supplement supplements the Company's base
Prospectus dated April 21, 1998 that was included as part of a Registration
Statement on Form S-3 (No. 333-48169) declared effective by the Securities and
Exchange Commission on April 21, 1998.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits.
The following exhibits are filed herewith:
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Exhibit Description
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23.1 Consent of Coopers & Lybrand L.L.P.
23.2 Consent of KPMG Peat Marwick LLP.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
EQUITY INNS, INC.
(REGISTRANT)
Date: June 15, 1998 By: /s/ Howard A. Silver
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Howard A. Silver
President, Chief Operating Officer,
Treasurer and Chief Financial Officer
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit Description
<S> <C>
23.1 Consent of Coopers & Lybrand L.L.P.
23.2 Consent of KPMG Peat Marwick LLP.
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EXHIBIT 23.1
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the reference to our firm under the caption "Experts" in a
Prospectus Supplement to the Company's base Prospectus dated April 21, 1998
that was included as part of the Registration Statement on Form S-3 (No.
333-48169).
COOPERS & LYBRAND L.L.P.
Memphis, Tennessee
June 15, 1998
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EXHIBIT 23.2
ACCOUNTANTS' CONSENT
The Board of Directors
RFS, Inc.:
We consent to incorporation by reference in the Registration Statement on Form
S-3 of Equity Inns, Inc. of our report dated January 23, 1998, relating to the
consolidated balance sheets of RFS, Inc. and subsidiary as of December 31, 1997
and 1996, and the related consolidated statements of operations, stockholder's
equity, and cash flows for the years then ended, which report is included in
the 1997 annual report on Form 10-K of RFS Hotel Investors, Inc. and to the
reference to our firm under the heading of "Experts" in the Prospectus
Supplement.
KPMG Peat Marwick LLP
Memphis, Tennessee
June 12, 1998
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