<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
June 30, 1998
------------------------------------------------
Date of Report (Date of Earliest Event Reported)
EQUITY INNS, INC.
(Exact Name of Registrant as Specified in Its Charter)
Tennessee 0-23290 62-1550848
- ---------------------------- --------------------- -------------------
(State or Other Jurisdiction (Commission File No.) (I.R.S. Employer
of Incorporation) Identification No.)
4735 Spottswood
Suite 102
Memphis, Tennessee 38117
---------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
(901) 761-9651
----------------------------------------------------
(Registrant's Telephone Number, Including Area Code)
N/A
-------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
ITEM 5. OTHER EVENTS.
Current Percentage Lease Formulas for the Company's Hotels
Equity Inns, Inc. (the "Company") currently owns 104 hotels (the
"Hotels"). The Company, through its ownership interest in Equity Inns
Partnership, L.P., leases 82 of the Hotels to subsidiaries of Interstate Hotels
Company ("Interstate") and its 19 AmeriSuites brand Hotels to a subsidiary of
Prime Hospitality Corp., pursuant to percentage lease agreements ("Percentage
Leases") that provide for annual rent equal to the greater of (i) a fixed annual
base rent ("Base Rent") or (ii) percentage rent based on the revenues of the
hotels ("Percentage Rent"). Base Rent and the revenue threshold amounts for
Percentage Rent generally adjust annually based on changes in the Consumer Price
Index ("CPI"). The remaining three Hotels are operated pursuant to management
agreements, two by Interstate and one by CapStar Hotel Co. On June 2, 1998,
Interstate was acquired by Patriot American Hospitality, Inc.
The following sets forth, as of June 30, 1998, (i) the annual Base
Rent, (ii) the annual Percentage Rent formula, and (ii) the date of the
Percentage Lease for each Hotel subject to a Percentage Lease, including any and
all adjustments to date for changes in the CPI.
<TABLE>
<CAPTION>
Annual Annual Percentage
Hotel Base Rent Rent Formula Date of Lease
----- --------- ------------------------- -------------
<S> <C> <C> <C>
Hampton Inn $975,607 32% of room revenue up to Mar. 2, 1994
Albany, New York $1,898,935, plus 70% of
room revenue in excess of
$1,898,935
Hampton Inn $502,912 30% of room revenue up to Mar. 2, 1994
College Station, $1,237,020, plus 68% of
Texas room revenue in excess of
$1,237,020
Hampton Inn $499,252 30% of room revenue up to Mar. 2, 1994
Columbus, Georgia $1,057,979, plus 68% of
room revenue in excess of
$1,057,979
Hampton Inn $489,451 30% of room revenue up to Mar. 2, 1994
Louisville, Kentucky $1,166,489, plus 70% of
room revenue in excess of
$1,166,489
Hampton Inn $478,712 31% of room revenue up to Mar. 2, 1994
Cleveland, Ohio $1,003,723, plus 68% of
room revenue in excess of
$1,003,723
Hampton Inn $431,081 30% of room revenue up to Mar. 2, 1994
Sarasota, Florida $1,193,816, plus 70% of
room revenue in excess of
$1,193,816
</TABLE>
1
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage
Hotel Base Rent Rent Formula Date of Lease
----- --------- ------------------------- -------------
<S> <C> <C> <C>
Hampton Inn $390,300 30% of room revenue up to Mar. 2, 1994
Fort Worth, Texas $1,356,382, plus 69% of
room revenue in excess of
$1,356,382
Hampton Inn $314,084 22% of room revenue up to Mar. 2, 1994
Little Rock, Arkansas $1,085,106, plus 68% of
room revenue in excess of
$1,085,106
Hampton Inn $553,740 27% of room revenue up to Apr. 21, 1994
Ann Arbor, Michigan $1,472,489, plus 68% of
room revenue in excess of
$1,472,489
Comfort Inn $236,517 29% of room revenue up to June 1, 1994
Enterprise, Alabama $678,192, plus 70% of room
revenue in excess of
$678,192
Hampton Inn $390,087 30% of room revenue up to June 7, 1994
Gurnee, Illinois $1,446,446, plus 69% of
room revenue in excess of
$1,446,446
Hampton Inn $557,047 28% of room revenue up to June 14, 1994
Traverse City, $1,148,042, plus 69% of
Michigan room revenue in excess of
$1,148,042
Hampton Inn $600,452 30% of room revenue up to July 15, 1994
Arlington, Texas $1,508,297, plus 69% of
room revenue in excess of
$1,508,297
Residence Inn $826,787 27% of room revenue up to Sept. 12, 1994
Eagan, Minnesota $1,254,383, plus 65% of
room revenue in excess of
$1,254,383
Residence Inn $730,375 27% of room revenue up to Sept. 12, 1994
Tinton Falls, $1,362,893, plus 65% of
New Jersey room revenue in excess of
$1,362,893
</TABLE>
2
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage
Hotel Base Rent Rent Formula Date of Lease
----- --------- ------------------------- -------------
<S> <C> <C> <C>
Hampton Inn $550,290 30% of room revenue up to Sept. 20, 1994
Milford, Connecticut $1,505,042, plus 68% of
room revenue in excess of
$1,505,042
Hampton Inn $352,792 30% of room revenue up to Sept. 20, 1994
Meriden, Connecticut $1,008,063, plus 65% of
room revenue in excess of
$1,008,063
Hampton Inn $516,100 31% of room revenue up to Nov. 28, 1994
Beckley, $850,738, plus 68% of room
West Virginia revenue in excess of
$850,738
Hampton Inn $192,394 31% of room revenue up to Nov. 28, 1994
Shelby, $571,983, plus 62% of room
North Carolina revenue in excess of
$571,983
Holiday Inn Express $220,517 35% of room revenue up to Nov. 28, 1994
Wilkesboro, $719,296, plus 70% of
North Carolina room revenue in excess of
$719,296
Hampton Inn $452,431 33% of room revenue up to Nov. 28, 1994
Gastonia, $815,068, plus 66% of room
North Carolina revenue in excess of
$815,068
Hampton Inn $425,752 33% of room revenue up to Nov. 28, 1994
Morgantown, $920,981, plus 65% of room
West Virginia revenue in excess of
$920,981
Holiday Inn $304,269 33% of room revenue up to Nov. 28, 1994
Oak Hill, $767,504, plus 65% of room
West Virginia revenue in excess of
$767,504, plus 15% of
beverage revenue, plus 5%
of food revenue
Holiday Inn $549,812 33% of room revenue up to Nov. 28, 1994
Bluefield, $1,579,383, plus 55% of
West Virginia room revenue in excess of
$1,579,383, plus 15% of
food revenue, plus 8% of
beverage revenue
</TABLE>
3
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage
Hotel Base Rent Rent Formula Date of Lease
----- --------- ------------------------- -------------
<S> <C> <C> <C>
Hampton Inn $580,457 31% of room revenue up to Dec. 6, 1994
Naperville, Illinois $1,263,043, plus 62% of
room revenue in excess of
$1,263,043
Hampton Inn $536,938 31% of room revenue up to Jan. 3, 1995
State College, $951,574, plus 62% of
Pennsylvania room revenue in excess of
$951,574
Comfort Inn $326,861 33% of room revenue up to June 15, 1995
Rutland, Vermont $1,306,794, plus 71% of
room revenue in excess of
$1,306,794
Hampton Inn $141,166 31% of room revenue up to July 6, 1995
Cleveland, Tennessee $626,917, plus 62% of room
revenue in excess of
$626,917
Hampton Inn $527,196 37% of room revenue up to Sept. 20, 1995
Scranton, $1,900,073, plus 74% of
Pennsylvania room revenue in excess of
$1,900,073
Hampton Inn $432,190 33% of room revenue up to Sept. 22, 1995
Fayetteville, $1,210,903, plus 65% of
North Carolina room revenue in excess of
$1,210,903
Hampton Inn $648,124 35% of room revenue up to Sept. 22, 1995
Indianapolis, Indiana $1,572,142, plus 71% of
room revenue in excess of
$1,572,142
Hampton Inn $448,550 34% of room revenue up to Sept. 22, 1995
Jacksonville, Florida $1,517,391, plus 68% of
room revenue in excess of
$1,517,391
Holiday Inn $689,410 38% of room revenue up to Sept. 22, 1995
Mt. Pleasant, $2,215,962, plus 76% of
South Carolina room revenue in excess of
$2,215,962, plus 5% of
food revenue, plus 20% of
beverage revenue
</TABLE>
4
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage
Hotel Base Rent Rent Formula Date of Lease
----- --------- ------------------------- -------------
<S> <C> <C> <C>
Comfort Inn $690,283 37% of room revenue up to Nov. 21, 1995
Jacksonville Beach, $3,030,715, plus 75% of
Florida room revenue in excess of
$3,030,715, plus 10% of
food revenue, plus 25% of
beverage revenue
Residence Inn $344,308 35% of room revenue up to Dec. 15, 1995
Omaha, Nebraska $1,693,592, plus 71% of
room revenue in excess of
$1,693,592
Hampton Inn $598,439 35% of room revenue up to Dec. 27, 1995
Austin, Texas $1,417,501, plus 71% of
room revenue in excess of
$1,417,501
Hampton Inn $421,700 35% of room revenue up to Dec. 27, 1995
Garland, Texas $1,384,864, plus 70% of
room revenue in excess of
$1,384,864
Hampton Inn $360,372 34% of room revenue up to Feb. 21, 1996
Knoxville (Alcoa), $1,458,844, plus 69% of
Tennessee room revenue in excess of
$1,458,844
Hampton Inn $552,570 36% of room revenue up to Mar. 14, 1996
Baltimore (Glen $1,764,278, plus 72% of
Burnie), Maryland room revenue in excess of
$1,764,278
Hampton Inn $640,147 37% of room revenue up to May 31, 1996
Detroit (Northville), $1,621,005, plus 73% of
Michigan room revenue in excess of
$1,621,005
Homewood Suites $902,983 37% of room revenue up to May 31, 1996
Hartford (Windsor $2,553,351, plus 75% of
Locks), Connecticut room revenue in excess of
$2,553,351
</TABLE>
5
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage
Hotel Base Rent Rent Formula Date of Lease
----- --------- ------------------------- -------------
<S> <C> <C> <C>
Homewood Suites $357,000 (A) From 6/25/96 through June 25, 1996
Madison, Wisconsin 12/31/97: 23% of room
revenue up to $1,271,861,
plus 68% of room revenue
in excess of $1,271,861;
(B) from 1/1/98 to end of
lease term: 33% of room
revenue up to $1,554,592,
plus 70% of room revenue
in excess of $1,554,592
Holiday Inn $433,604 28% of room revenue up to June 28, 1996
Winston-Salem, $1,898,769, plus 77% of
North Carolina room revenue in excess of
$1,898,799, plus 15% of
food revenue, plus 30% of
beverage revenue
Hampton Inn $800,775 37% of room revenue up to July 16, 1996
Scottsdale, Arizona $1,497,460, plus 73% of
room revenue in excess of
$1,497,460
Hampton Inn $708,423 36% of room revenue up to July 22, 1996
Chattanooga, Tennessee $1,956,755, plus 72% of
room revenue in excess of
$1,956,755
Homewood Suites $876,494 35% of room revenue up to Sept. 27, 1996
San Antonio, Texas $2,115,545, plus 71% of
room revenue in excess of
$2,115,545
Residence Inn $668,135 37% of room revenue up to Oct. 1, 1996
Burlington, Vermont $1,742,872, plus 74% of
room revenue in excess of
$1,742,872
Homewood Suites $1,059,211 35% of room revenue up to Nov. 5, 1996
Phoenix (Camelback), $2,455,484, plus 71% of
Arizona room revenue in excess of
$2,455,484
Residence Inn $792,524 37% of room revenue up to Jan. 10, 1997
Colorado Springs, $1,460,638, plus 75% of
Colorado room revenue in excess of
$1,460,638
</TABLE>
6
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage
Hotel Base Rent Rent Formula Date of Lease
----- --------- ------------------------- -------------
<S> <C> <C> <C>
Residence Inn $851,240 37% of room revenue up to Jan. 10, 1997
Tucson, Arizona $2,168,983, plus 74% of
room revenue in excess of
$2,168,983
Residence Inn $948,315 37% of room revenue up to Jan. 10, 1997
Oklahoma City, $2,155,473, plus 75% of
Oklahoma room revenue in excess of
$2,155,473
Hampton Inn $499,249 36% of room revenue up to Feb. 14, 1997
Savannah, Georgia $1,322,876, plus 71% of
room revenue in excess of
$1,322,876
Hampton Inn $649,997 35% of room revenue up to Mar. 5, 1997
Norfolk, Virginia $1,284,067, plus 71% of
room revenue in excess of
$1,284,067
Hampton Inn $352,050 35% of room revenue up to Mar. 11, 1997
Southaven, Mississippi $1,107,032, plus 70% of
room revenue in excess of
$1,107,032
Hampton Inn $171,250 32% of room revenue up to Mar. 11, 1997
Pickwick, Tennessee $725,000, plus 65% of room
revenue in excess of
$725,000
Hampton Inn $664,003 34% of room revenue up to Apr. 22 1997
Overland Park, Kansas $1,422,126, plus 68% of
room revenue in excess of
$1,422,126
Hampton Inn $995,094 36.2% of room revenue up June 24, 1997
Addison, Texas to $1,519,514 plus 72.4%
of room revenue in excess
of $1,519,514
Hampton Inn $713,666 35.9% of room revenue up June 24, 1997
Atlanta (Northlake), to $1,284,958 plus 71.9%
Georgia of room revenue in excess
of $1,284,958
</TABLE>
7
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage
Hotel Base Rent Rent Formula Date of Lease
----- --------- ------------------------- -------------
<S> <C> <C> <C>
Hampton Inn $583,825 34.9% of room revenue up June 24, 1997
Birmingham (Vestavia), to $1,472,569 plus 69.8%
Alabama of room revenue in excess
of $1,472,569
Hampton Inn $738,605 36.2% of room revenue up June 24, 1997
Chapel Hill, to $1,295,681 plus 72.3%
North Carolina of room revenue in excess
of $1,295,681
Hampton Inn $553,430 34.9% of room revenue up June 24, 1997
Charleston, to $1,410,095 plus 69.9%
South Carolina of room revenue in excess
of $1,410,095
Hampton Inn $459,384 35.6% of room revenue up June 24, 1997
Colorado Springs, to $1,456,262 plus 71.2%
Colorado of room revenue in excess
of $1,456,262
Hampton Inn $624,478 35.3% of room revenue up June 24, 1997
West Columbia, to $1,214,060 plus 70.5%
South Carolina of room revenue in excess
of $1,214,060
Hampton Inn $419,899 35.3% of room revenue up June 24, 1997
Denver (Aurora), to $1,510,480 plus 70.5%
Colorado of room revenue in excess
of $1,510,480
Hampton Inn $534,215 35.2% of room revenue up June 24, 1997
Detroit (Madison to $1,472,346 plus 70.3%
Heights), Michigan of room revenue in excess
of $1,472,346
Hampton Inn $481,469 35.8% of room revenue up June 24, 1997
Dublin, Ohio to $1,396,538 plus 71.7%
of room revenue in excess
of $1,396,538
Hampton Inn $461,072 35.5% of room revenue up June 24, 1997
Kansas City, Missouri to $1,454,666 plus 71.1%
of room revenue in excess
of $1,454,666
</TABLE>
8
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage
Hotel Base Rent Rent Formula Date of Lease
----- --------- ------------------------- -------------
<S> <C> <C> <C>
Hampton Inn $577,701 35.6% of room revenue up June 24, 1997
Little Rock, Arkansas to $1,300,897 plus 71.3%
of room revenue in excess
of $1,300,897
Hampton Inn $810,283 36.0% of room revenue up June 24, 1997
Memphis (Poplar), to $1,506,533 plus 72.0%
Tennessee of room revenue in excess
of $1,506,533
Hampton Inn $437,835 34.8% of room revenue up June 24, 1997
Memphis (Sycamore to $1,531,003 plus 69.5%
View), Tennessee of room revenue in excess
of $1,531,003
Hampton Inn $670,148 35.0% of room revenue up June 24, 1997
Nashville (Brentwood), to $1,522,082 plus 70.0%
Tennessee of room revenue in excess
of $1,522,082
Hampton Inn $798,808 35.4% of room revenue up June 24, 1997
Nashville (Briley to $1,629,072 plus 70.9%
Parkway), Tennessee of room revenue in excess
of $1,629,072
Hampton Inn $757,616 35.5% of room revenue up June 24, 1997
Richardson, Texas to $1,329,274 plus 71.1%
of room revenue in excess
of $1,329,274
Hampton Inn $445,121 34.5% of room revenue up June 24, 1997
St. Louis (Westport), to $1,459,739 plus 69.1%
Missouri of room revenue in excess
of $1,459,739
Hampton Inn $555,495 35.9% of room revenue up June 25, 1997
Destin, Florida to $938,246 plus 71.8% of
room revenue in excess of
$938,246
Homewood Suites $640,900 36.5% of room revenue up June 25, 1997
Germantown, Tennessee to $1,382,038 plus 73.0%
of room revenue in excess
of $1,382,038
</TABLE>
9
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage
Hotel Base Rent Rent Formula Date of Lease
----- --------- ------------------------- -------------
<S> <C> <C> <C>
Homewood Suites $393,650 37.2% of room revenue up July 10, 1997
Augusta, Georgia to $1,017,187 plus 74.5%
of room revenue in excess
of $1,017,187
Hampton Inn $816,543 36.8% of room revenue up Aug. 1, 1997
Mountain Brook to $1,291,451 plus 73.6%
(Birmingham), Alabama of room revenue in excess
of $1,291,451
Residence Inn $1,647,668 35.5% of room revenue up Sept. 18, 1997
Princeton, New Jersey to $3,142,682 plus 71.1%
of room revenue in excess
of $3,142,682
AmeriSuites $604,797 35.7% of room revenue up Dec. 3, 1997
Flagstaff, Arizona to $1,429,598, plus 71.3%
of room revenue in excess
of $1,429,598
AmeriSuites $1,131,097 38% of room revenue up to Dec. 3, 1997
Richmond, Virginia $1,678,389, plus 76.1% of
room revenue in excess of
$1,678,389
AmeriSuites $668,102 38% of room revenue up to Dec. 10, 1997
Jacksonville, Florida $1,440,612, plus 76% of
room revenue in excess of
$1,440,612
AmeriSuites $1,121,317 38% of room revenue up to Dec. 10, 1997
Miami, Florida $1,541,385, plus 76% of
room revenue in excess of
$1,541,385
AmeriSuites $1,094,602 38% of room revenue up to Dec. 10, 1997
Tampa, Florida $1,554,487, plus 76.1% of
room revenue in excess of
$1,572,500
AmeriSuites $772,646 37.6% of room revenue up Dec. 10, 1997
Indianapolis to $1,569,772, plus 75.1%
(Keystone), Indiana of room revenue in excess
of $1,569,772
</TABLE>
10
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage
Hotel Base Rent Rent Formula Date of Lease
----- --------- ------------------------- -------------
<S> <C> <C> <C>
AmeriSuites $984,020 37.2% of room revenue up Dec. 10, 1997
Kansas City (Overland to $1,715,252, plus 74.4%
Park), Kansas of room revenue in excess
of $1,715,252
AmeriSuites $783,325 36.5% of room revenue up Dec. 10, 1997
Cincinnati (Blue Ash), to $1,511,842, plus 72.9%
Ohio of room revenue in excess
of $1,511,842
AmeriSuites $696,473 35.9% of room revenue up Dec. 10, 1997
Cincinnati (Forest to $1,576,564, plus 71.8%
Park), Ohio of room revenue in excess
of $1,576,564
AmeriSuites $887,176 37.2% of room revenue up Dec. 10, 1997
Columbus, Ohio to $1,762,402, plus 74.4%
of room revenue in excess
of $1,762,402
Hampton Inn $1,350,650 37% of room revenue up to Apr. 14, 1998
San Antonio, Texas $1,848,000, plus 74% of
room revenue in excess of
$1,848,000
Homewood Suites $757,640 35.5% of room revenue up Apr. 15, 1998
Sharonville, Ohio to $1,572,500, plus 70% of
room revenue in excess of
$1,572,500
Hampton Inn & Suites (i) 1998- (i) 1998 and 1999: 33.5% May 1, 1998
Bartlett (Memphis), $875,000; of room revenue up to
Tennessee (ii) 1999- $1,635,000, plus 72.5% of
$940,000; room revenue in excess of
(iii) 2000 $1,635,000;(ii) 2000 and
and thereafter: 35% of room
thereafter- revenue up to $1,562,000,
$799,303 plus 72.5% of room revenue
in excess of $1,562,000
AmeriSuites $743,850 43.5% of room revenue up June 26, 1998
Birmingham to $1,839,300, plus 69.0%
(Riverchase), Alabama of room revenue in excess
of $1,839,300
</TABLE>
11
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage
Hotel Base Rent Rent Formula Date of Lease
----- --------- ------------------------- -------------
<S> <C> <C> <C>
AmeriSuites $1,094,540 59.7% of room revenue up June 26, 1998
Miami (Kendall), to $1,941,900, plus 74.0%
Florida of room revenue in excess
of $1,941,900
AmeriSuites $1,088,520 50.2% of room revenue up June 26, 1998
Baton Rouge, to $2,234,800, plus 70.0%
Louisiana of room revenue in excess
of $2,234,800
AmeriSuites $961,300 49.1% of room revenue up June 26, 1998
Baltimore (BWI), to $2,574,800, plus 69.0%
Maryland of room revenue in excess
of $2,574,800
AmeriSuites $1,273,760 47.3% of room revenue up June 26, 1998
Minneapolis (Mall of to $2,479,000, plus 69.0%
America), Minnesota of room revenue in excess
of $2,479,000
AmeriSuites (i) Until (i) Until 12/31/1999: June 26, 1998
Las Vegas, Nevada 12/31/1999: 49.7% of room revenue up
$2,229,500; to $4,148,000, plus 69.0%
(ii) after of room revenue in excess
1/1/2000: of $4,148,000; (ii) after
$1,783,650 1/1/2000: 50.6% of room
revenue up to $4,313,900,
plus 70.0% of room revenue
in excess of $4,313,900
AmeriSuites $934,820 47.6% of room revenue up June 26, 1998
Albuquerque, to $2,117,500, plus 70.0%
New Mexico of room revenue in excess
of $2,117,500
AmeriSuites $1,068,820 50.0% of room revenue up June 26, 1998
Nashville (Cool to $2,293,260, plus 70.0%
Springs), Tennessee of room revenue in excess
of $2,293,260
AmeriSuites $942,585 44.3% of room revenue up June 26, 1998
Memphis (Wolfchase), to $2,187,320, plus 69.0%
Tennessee of room revenue in excess
of $2,187,320
</TABLE>
12
<PAGE>
ITEM 7. EXHIBITS.
<TABLE>
<S> <C>
10.1(a)*-- Consolidated Lease Amendment dated as of November 15, 1996 between
Equity Inns Partnership, L.P. and Crossroads/Memphis Partnership,
L.P.
10.1(b)**-- Form of Percentage Lease Agreement between Equity Inns Partnership,
L.P. and Crossroads/Future Company, L.L.C.
</TABLE>
- -------------------
* Incorporated by reference to Exhibit 10.1 to the Company's Current
Report on Form 8-K (Registration No. 0-23290) filed with the Securities
and Exchange Commission on December 13, 1996.
** Incorporated by reference to Exhibit 10.1(b) to the Company's Current
Report on Form 8-K (Registration No. 0-23290) filed with the Securities
and Exchange Commission on July 16, 1997.
13
<PAGE>
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)
July 15, 1998 By: /s/ Howard A. Silver
------------------------
Howard A. Silver
President, Chief Operating Officer,
Treasurer and Chief Financial Officer
14
