<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, 1999
Date of Report (Date of Earliest Event Reported)
EQUITY INNS, INC.
(Exact Name of Registrant as Specified in Its Charter)
Tennessee 01-12073 62-1550848
- ---------------------------- --------------------- -------------------
(State or Other Jurisdiction (Commission File No.) (I.R.S. Employer
of Incorporation) Identification No.)
7700 Wolf River Boulevard
Germantown, Tennessee 38138
---------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
(901) 754-7774
----------------------------------------------------
(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 99 hotels (the "Hotels") with
an aggregate of 12,493 rooms. The Company, through its ownership interest in
Equity Inns Partnership, L.P., leases 78 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 agreement
("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 two Hotels are operated pursuant to
management agreements, one by Interstate and one by CapStar Hotel Co. On June 2,
1998, Interstate was acquired by Patriot American Hospitality, Inc. ("Patriot").
As of March 31, 1999, the Company substantially amended and restated many of the
terms of its agreements with Interstate and Patriot in a Consolidated Amendment
to Lease Agreements and Master Agreement.
The following sets forth, as of June 30, 1999, (i) the annual Base Rent, (ii)
the annual Percentage Rent formula, and (iii) the effective 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 Date
Hotel Base Rent Rent Formula of Lease
- ------------------- --------- ------------------------- ------------------
<S> <C> <C> <C>
Hampton Inn $991,510 32% of room revenue up March 2, 1994
Albany, New York to $1,929,888, plus 70%
of room revenue in excess
of $1,929,888
Hampton Inn $511,110 30% of room revenue up March 2, 1994
College Station to $1,257,184, plus 68%
Texas of room revenue in excess
of $1,257,184
Hampton Inn $507,390 30% of room revenue up March 2, 1994
Columbus, Georgia to $1,075,224, plus 68%
of room revenue in excess
of $1,075,224
Hampton Inn $497,429 30% of room revenue up March 2, 1994
Louisville, Kentucky to $1,185,503, plus 70%
of room revenue in excess
of $1,185,503
Hampton Inn $486,515 31% of room revenue up March 2, 1994
Cleveland, Ohio to $1,020,084, plus 68%
of room revenue in excess
of $1,020,084
Hampton Inn $438,107 30% of room revenue up March 2, 1994
Sarasota, Florida to $1,213,072, plus 70%
of room revenue in excess
of $1,213,072
Hampton Inn $396,662 30% of room revenue up March 2, 1994
Fort Worth, Texas to $1,378,491, plus 69%
of room revenue in excess
of $1,378,491
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage Date
Hotel Base Rent Rent Formula of Lease
- ------------------- --------- ------------------------- ------------------
<S> <C> <C> <C>
Hampton Inn $562,765 27% of room revenue up April 21, 1994
Ann Arbor, Michigan to $1,496,490, plus 68%
of room revenue in excess
of $1,496,490
Hampton Inn $396,446 30% of room revenue up June 7, 1994
Gurnee, Illinois to $1,470,023, plus 69%
of room revenue in excess
of $1,470,023
Hampton Inn $566,127 28% of room revenue up June 14, 1994
Traverse City, to $1,166,755, plus 69%
Michigan of room revenue in excess
of $1,166,755
Hampton Inn $610,239 30% of room revenue up July 15, 1994
Arlington, Texas to $1,532,882, plus 69%
of room revenue in excess
of $1,532,882
Residence Inn $840,264 27% of room revenue up September 12, 1994
Eagan, Minnesota to $1,274,829, plus 65%
of room revenue in excess
of $1,274,829
Residence Inn $742,280 27% of room revenue up September 12, 1994
Tinton Falls, to $1,385,108, plus 65%
New Jersey of room revenue in excess
of $1,385,108
Hampton Inn $559,260 30% of room revenue up September 20, 1994
Milford, Connecticut to $1,529,574, plus 68%
of room revenue in excess
of $1,529,574
Hampton Inn $358,542 30% of room revenue up September 20, 1994
Meriden, Connecticut to $1,024,495, plus 65%
of room revenue in excess
of $1,024,495
Hampton Inn $524,513 31% of room revenue up November 28, 1994
Beckley, West to $864,605, plus 68% of
Virbinia room revenue in excess of
$864,605
Holiday Inn Express $224,111 35% of room revenue up November 28, 1994
Wilkesboro, to $731,021, plus 69% of
North Carolina room revenue in excess of
$731,021
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage Date
Hotel Base Rent Rent Formula of Lease
- ------------------- --------- ------------------------- ------------------
<S> <C> <C> <C>
Hampton Inn $459,806 33% of room revenue up November 28, 1994
Gastonia, North to $828,354, plus 66% of
Carolina room revenue in excess of
$828,354
Hampton Inn $432,691 33% of room revenue up November 28, 1994
Morgantown, West to $935,993, plus 65% of
Virginia room revenue in excess of
$935,993
Holiday Inn $309,249 33% of room revenue up November 28, 1994
Oak Hill, West to $780,014, plus 65% of
Virginia room revenue in excess of
$780,014, plus 75% of
food and beverage lease
revenue
Holiday Inn $558,774 33% of room revenue up November 28, 1994
Bluefield, West to $1,605,127, plus 65%
Virginia of room revenue in excess
of $1,605,127, plus 15%
of food revenue, plus 8%
of beverage revenue
Hampton Inn $569,593 31% of room revenue up December 6, 1994
Naperville, Illinois to $1,283,630, plus 62%
of room revenue in excess
of $1,283,630
Hampton Inn $547,723 31% of room revenue up January 3, 1995
State College, to $967,084, plus 62%
Pennsylvania of room revenue in excess
of $967,084
Comfort Inn $331,986 33% of room revenue up June 15, 1995
Rutland, Vermont to $1,328,095, plus 71%
of room revenue in excess
of $1,328,095
Hampton Inn $535,789 37% of room revenue up September 20, 1995
Scranton, to $1,931,044, plus 74%
Pennsylvania of room revenue in excess
of $1,931,044
Hampton Inn $439,235 33% of room revenue up September 22, 1995
Fayetteville, North to $1,230,641, plus 65%
Carolina of room revenue in excess
of $1,230,641
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage Date
Hotel Base Rent Rent Formula of Lease
- ------------------- --------- ------------------------- ------------------
<S> <C> <C> <C>
Hampton Inn $658,688 35% of room revenue up September 22, 1995
Indianapolis, to $1,597,768, plus 71%
Indiana of room revenue in excess
of $1,597,768
Hampton Inn $455,862 34% of room revenue up September 22, 1995
Jacksonville, to $1,542,124, plus 68%
Florida of room revenue in excess
of $1,542,124
Holiday Inn $700,647 38% of room revenue up September 22, 1995
Mt. Pleasant, South to $2,252,102, plus 76%
Carolina of room revenue in excess
of $2,252,102, plus 5% of
food revenue, plus 20% of
beverage revenue
Comfort Inn $701,514 37% of room revenue up November 21, 1995
Jacksonville Beach. to $3,080,115, plus 75%
Florida of room revenue in excess
of $3,080,115, plus 10%
of food revenue, plus 25%
of beverage revenue
Residence Inn $349,920 35% of room revenue up December 15, 1995
Omaha, Nebraska to $1,721,198, plus 71%
of room revenue in excess
of $1,721,198
Hampton Inn $608,193 35% of room revenue up December 27, 1995
Austin, Texas to $1,440,606, plus 71%
of room revenue in excess
of $1,440,606
Hampton Inn $366,246 34% of room revenue up February 21, 1996
Knoxville (Alcoa), to $1,482,623, plus 69%
Tennessee of room revenue in excess
of $1,482,623
Hampton Inn $561,577 36% of room revenue up March 14, 1996
Baltimore (Glen to $1,793,036, plus 72%
Burnie), Maryland of room revenue in excess
of $1,793,036
Hampton Inn $650,582 37% of room revenue up May 31, 1996
Detroit (Northville), to $1,647,428, plus 73%
Michigan of room revenue in excess
of $1,647,428
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage Date
Hotel Base Rent Rent Formula of Lease
- ------------------- --------- ------------------------- ------------------
<S> <C> <C> <C>
Homewood Suites $362,819 37% of room revenue up May 31, 1996
Hartford (Windsor to $1,579,932, plus 75%
Locks), Connecticut of room revenue in excess
of $1,579,932
Homewood Suites $362,819 (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 $1,579,932,
plus 70% of room revenue
in excess of $1,579,932
Holiday Inn $440,875 28% of room revenue up June 28, 1996
Winston-Salem, North to $1,929,719, plus 77%
Carolina of room revenue in excess
of $1,929,719, plus 15%
of food revenue plus 30%
of beverage revenue
Hampton Inn $813,827 37% of room revenue up July 16, 1996
Scottsdale, Arizona to $1,521,869, plus 73%
of room revenue in excess
of $1,521,869
Hampton Inn $719,970 36% of room revenue up July 22, 1996
Chattanooga, to $1,988,650, plus 72%
Tennessee of room revenue in excess
of $1,988,650
Homewood Suites $890,781 35% of room revenue up September 27, 1996
San Antonio, Texas to $2,150,029, plus 71%
of room revenue in excess
of $2,150,029
Residence Inn $679,026 37% of room revenue up October 1, 1996
Burlington, Vermont to $1,771,280, plus 74%
of room revenue in excess
of $1,771,280
Homewood Suites $1,076,477 35% of room revenue up November 5, 1996
Phoenix (Camelback), to $2,495,509, plus 71%
Arizona of room revenue in excess
of $2,495,509
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage Date
Hotel Base Rent Rent Formula of Lease
- ------------------- --------- ------------------------- ------------------
<S> <C> <C> <C>
Residence Inn $805,442 37% of room revenue up January 10, 1997
by Marriott to $1,484,446, plus 75%
Colorado Springs, of room revenue in excess
Colorado of $1,484,446
Residence Inn $865,115 37% of room revenue up January 10, 1997
by Marriott to $2,204,337, plus 74%
Tucson, Arizona of room revenue in excess
of $2,204,337
Residence Inn $963,773 37% of room revenue up January 10, 1997
by Marriott to $2,190,607, plus 75%
Oklahoma City, of room revenue in excess
Oklahoma of $2,190,607
Hampton Inn $507,387 36% of room revenue up February 14, 1997
Savannah, Georgia to $1,344,439, plus 71%
of room revenue in excess
of $1,344,439
Hampton Inn $660,592 35% of room revenue up March 5, 1997
Norfolk, Virginia to $1,304,997, plus 71%
of room revenue in excess
of $1,304,997
Hampton Inn $174,041 32% of room revenue up March 11, 1997
Pickwick, Tennessee to $736,818, plus 65% of
room revenue in excess of
$736,818
Hampton Inn $674,826 34% of room revenue up April 22, 1997
Overland Park, to $1,445,307, plus 68%
Kansas of room revenue in excess
of $1,445,307
Hampton Inn $1,011,314 36.2% of room revenue up June 24, 1997
Addison, Texas to $1,544,282, plus 72.4%
of room revenue in excess
of $1,544,282
Hampton Inn $725,299 35.9% of room revenue up June 24, 1997
Atlanta (Northlake), to $1,305,903, plus 71.9%
Georgia of room revenue in excess
of $1,305,903
Hampton Inn $593,341 34.9% of room revenue up June 24, 1997
Birmingham to $1,496,572, plus 69.8%
(Vestavia), Alabama of room revenue in excess
of $1,496,572
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage Date
Hotel Base Rent Rent Formula of Lease
- ------------------- --------- ------------------------- ------------------
<S> <C> <C> <C>
Hampton Inn $750,644 36.2% of room revenue up June 24, 1997
Chapel Hill, North to $1,316,801, plus 72.3%
Carolina of room revenue in excess
of $1,316,801
Hampton Inn $562,451 34.9% of room revenue up June 24, 1997
Charleston, South to $1,433,080, plus 69.9%
Carolina of room revenue in excess
of $1,433,080
Hampton Inn $466,872 35.6% of room revenue up June 24, 1997
Colorado Springs, to $1,479,999, plus 71.2%
Colorado of room revenue in excess
of $1,479,999
Hampton Inn $634,657 35.3% of room revenue up June 24, 1997
West Columbia, South to $1,233,849, plus 70.5%
Carolina of room revenue in excess
of $1,233,849
Hampton Inn $426,743 35.3% of room revenue up June 24, 1997
Denver (Aurora), to $1,535,101, plus 70.5%
Colorado of room revenue in excess
of $1,535,101
Hampton Inn $542,923 35.2% of room revenue up June 24, 1997
Detroit (Madison to $1,496,345, plus 70.3%
Heights), Michigan of room revenue in excess
of $1,496,345
Hampton Inn $489,317 35.8% of room revenue up June 24, 1997
Dublin, Ohio to $1,419,302, plus 71.7%
of room revenue in excess
of $1,419,3032
Hampton Inn $468,587 35.5% of room revenue up June 24, 1997
Kansas City, to $1,478,377, plus 71.1%
Missouri of room revenue in excess
of $1,478,377
Hampton Inn $587,118 35.6% of room revenue up June 24, 1997
Little Rock, to $1,322,102, plus 71.3%
Arkansas of room revenue in excess
of $1,322,102
Hampton Inn $823,491 36.0% of room revenue up June 24, 1997
Memphis (Poplar), to $1,531,089, plus 72.0%
Tennessee of room revenue in excess
of $1,531,089
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage Date
Hotel Base Rent Rent Formula of Lease
- ------------------- --------- ------------------------- ------------------
<S> <C> <C> <C>
Hampton Inn $444,972 34.8% of room revenue up June 24, 1997
Memphis (Sycamore to $1,555,958, plus 69.5%
View), Tennessee of room revenue in excess
of $1,555,958
Hampton Inn $811,829 35.4% of room revenue up June 24, 1997
Nashville (Briley to $1,655,626, plus 70.9%
Parkway), Tennessee of room revenue in excess
of $1,655,626
Hampton Inn $769,965 35.5% of room revenue up June 24, 1997
Richardson, Texas to $1,350,941, plus 71.1%
of room revenue in excess
of $1,350,941
Hampton Inn $452,376 34.5% of room revenue up June 24, 1997
St. Louis (Westport), to $1,483,533, plus 69.1%
Missouri of room revenue in excess
of $1,483,533
Homewood Suites $651,347 36.5% of room revenue up June 25, 1997
Germantown, to $1,404,565, plus 73.0%
Tennessee of room revenue in excess
of $1,404,565
Homewood Suites $400,066 37.2% of room revenue up July 10, 1997
Augusta, Georgia to $1,033,767, plus 74.5%
of room revenue in excess
of $1,033,767
Hampton Inn $829,853 36.8% of room revenue up August 1, 1997
Mountain Brook to $1,312,502, plus 73.6%
(Birmingham), Alabama of room revenue in excess
of $1,312,502
Residence Inn $1,674,525 35.5% of room revenue up September 18, 1997
by Marriott to $3,193,908, plus 71%
Princeton, New Jersey of room revenue in excess
of $3,193,908
AmeriSuites $614,655 35.7% of room revenue up December 3, 1997
Flagstaff, Arizona to $1,452,900, plus 71.3%
of room revenue in excess
of $1,452,900
AmeriSuites $1,149,534 38% of room revenue up December 3, 1997
Richmond, Virginia to $1,705,747, plus 76.1%
of room revenue in excess
of $1,705,747
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage Date
Hotel Base Rent Rent Formula of Lease
- ------------------- --------- ------------------------- ------------------
<S> <C> <C> <C>
AmeriSuites $678,992 38% of room revenue up December 10, 1997
Jacksonville, to $1,464,094, plus 76%
Florida of room revenue in excess
of $1,464,094
AmeriSuites $1,139,594 38% of room revenue up December 10, 1997
Miami, Florida to $1,566,510, plus 76%
of room revenue in excess
of $1,566,510
AmeriSuites $1,112,444 38% of room revenue up December 10, 1997
Tampa, Florida to $1,579,825, plus 76.1%
of room revenue in excess
of $1,579,825
AmeriSuites $785,240 37.6% of room revenue up December 10, 1997
Indianapolis to $1,595,359, plus 75.1%
(Keystone), Indiana of room revenue in excess
of $1,595,359
AmeriSuites $1,000,060 37.2% of room revenue up December 10, 1997
Kansas City (Overland to $1,743,211, plus 74.4%
Park), Kansas of room revenue in excess
of $1,743,211
AmeriSuites $796,093 36.5% of room revenue up December 10, 1997
Cincinnati (Blue to $1,536,485, plus 72.9%
Ash), Ohio of room revenue in excess
of $1,536,485
AmeriSuites $707,826 35.9% of room revenue up December 10, 1997
Cincinnati (Forest to $1,602,262, plus 71.8%
Park), Ohio of room revenue in excess
of $1,602,262
AmeriSuites $901,637 37.2% of room revenue up December 10, 1997
Columbus, Ohio to $1,791,129, plus 74.4%
of room revenue in excess
of $1,791,129
Hampton Inn $1,350,650 37% of room revenue up April 14, 1998
San Antonio, Texas to $1,848,000, plus 74%
of room revenue in excess
of $1,848,000
Homewood Suites $757,640 35.5% of room revenue up April 15, 1998
Sharonville, Ohio to $1,572,500, plus 70%
of room revenue in excess
of $1,572,500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage Date
Hotel Base Rent Rent Formula of Lease
- ------------------- --------- ------------------------- ------------------
<S> <C> <C> <C>
Residence Inn $778,750 35% of room revenue up April 28, 1998
Boise, Idaho to $1,883,940, plus 70%
of room revenue in excess
of $1,883,940
Residence Inn $2,304,595 39% of room revenue up April 28, 1998
Portland (Lloyd to $3,060,450, plus 74%
Center), Oregon of room revenue in excess
of $3,060,450
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%
(Riverchasse), of room revenue in excess
Alabama of $1,839,300
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
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage Date
Hotel Base Rent Rent Formula of Lease
- ------------------- --------- ------------------------- ------------------
<S> <C> <C> <C>
AmeriSuites $2,229,500 (i) Until 12/31/1999: June 26, 1998
Las Vegas, Nevada 49.7% of room revenue up
to $4,148,000, plus 69.0%
of room revenue in excess
of $4,148,000; (ii) after
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, New to $2,117,500, plus 70.0%
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
Homewood Suites (i) 1-6 (i) 1-6 lease months: August 7, 1998
Seattle, Washington lease 38.0% of room revenue up
months: to $3,650,000, plus 74.5%
$2,215,620; of room revenue in excess
(ii) 7-18 of $3,650,000; (ii) 7-18
lease lease months: 38.0% of
months: room revenue up to
$2,615,000; $3,552,000, plus
(iii) After 74.5% of room revenue
19th lease in excess of $3,552,000;
month: (iii) Lease month 19th
$2,215,620 and after: 37.0% of room
revenue up to $3,706,000
plus 74.5% of room
revenue in excess of
$3,706,000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage Date
Hotel Base Rent Rent Formula of Lease
- ------------------- --------- ------------------------- ------------------
<S> <C> <C> <C>
Homewood Suites (i) To May (i) To May 31, 2000: May 18, 1999
Chicago (Grande 31, 2000: 44.9% of room revenue up
(Avenue), Illinois $4,159,600; to $7,489,900, plus 69.0%
(ii) June of room revenue in excess
1, 2000 to of $7,489,900; (ii) June 1,
December 2000 to December 31, 2000:
31, 2000: 49.0% of room revenue up
$4,577,200; to $10,010,900, plus 71.0%
(iii) After of room revenue in excess
January 1, of $10,010,900; (iii) After
2001; January 2, 2001: 49.0% of
$4,250,700 room revenue up to
$9,726,900, plus 71.0% of
room revenue in excess of
$9,726,900
Homewood Suites (i) To (i) To December 31, 1999: June 25, 1999
Orlando, Florida December 39.5% of room revenue up
31, 1999: to $4,530,300, plus 65.0%
$2,739,800 of room revenue in excess
(ii) of $4,530,300; (ii) January
January 1, 1, 2000 to December 31,
2000 to 49.4% of room
December revenue up to $7,094,800,
31, 2000: plus 71.0% of room revenue
$3,057,800; in excess of $7,094,800;
(iii) After (iii) After January 1, 2001:
January 1, 49.4% of room revenue up
2001: to $7,200,000, plus 72.0%
$2,630,800 of room revenue in excess
of $7,200,000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ITEM 7. EXHIBITS.
- ------- ---------
<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. (incorporated by reference to Exhibit 10.1 to the Company's
Current Report on Form 8-K [Registration No. 01-12073] filed with
the Securities and Exchange Commission on December 31, 1996)
10.1(b) -- Form of Percentage Lease Agreement between Equity Inns
Partnership, L.P. and Crossroads/Future Company, L.L.C.
(incorporated by reference to Exhibit 10.1(b) to the Company's
Current Report on Form 8-K [Registration No. 01-12073] filed with
the Securities and Exchange Commission on July 16, 1997)
10.2 -- Guaranty of Leases dated November 15, 1996 by Interstate Hotels
Company (incorporated by reference to Exhibit 10.2 to the
Company's Current Report on Form 8-K [Registration No. 01-12073]
filed with the Securities and Exchange Commission on December 13,
1996)
10.3 -- Guaranty of Leases dated November 15, 1996 by Interstate Hotels
Corporation (incorporated by reference to Exhibit 10.3 to the
Company's Current Report on Form 8-K [Registration No. 01-12073]
filed with the Securities and Exchange Commission on December 13,
1996)
10.4 -- Master Agreement dated as of November 4, 1996 among Equity Inns,
Inc., Equity Inns Partnership, L.P., Interstate Hotels
Corporation, Crossroads/Memphis Partnership, L.P. and Crossroads/
Future Company, L.L.C. (incorporated by reference to Exhibit 10.4
to the Company's Current Report on Form 8-K [Registration No. 01-
12073] filed with the Securities and Exchange Commission on
December 13, 1996)
10.5 -- First Amendment to Master Agreement dated as of November 15, 1996
among Equity Inns, Inc., Equity Inns Partnership, L.P., Interstate
Hotels Corporation, Crossroads/Memphis Partnership, L.P. and
Crossroads/Future Company, L.L.C. (incorporated by reference to
Exhibit 10.5 to the Company's Current Report on Form 8-K
[Registration No. 01-12073] filed with the Securities and Exchange
Commission on December 13, 1996)
10.6 -- Second Amendment to Master Agreement dated as of February 6, 1997
by Equity Inns, Inc., Equity Inns Partnership, L.P., EQI Financing
Partnership I, L.P., Interstate Hotels Corporation, Crossroads/
Memphis Partnership, L.P., Crossroads/Memphis Financing Company,
L.L.C., and Crossroads/Future Company, L.L.C. (incorporated by
reference to Exhibit 10.3 to the Company's Quarterly Report on
Form 10-Q [Registration No. 01-12073] for the quarter ended March
31, 1997 and filed with the Securities and Exchange Commission
on April 30, 1997)
10.7 -- Consolidated Amendment to Lease Agreements and Master Agreement
dated as of March 31, 1999, by and among Equity Inns, Inc., Equity
Inns Partnership, L.P., Equity Inns/West Virginia Partnership,
L.P., EQI Financing Partnership I, L.P., Equity Inns Partnership
II, L.P., Crossroads/Memphis Partnership, L.P., State College BBQ/
Concord Joint Venture, Crossroads/Memphis Financing Company,
L.L.C., Crossroads/Future Company, L.L.C., Patriot American
Hospitality, Inc., Interstate hotels, LLC, Crossroads Hospitality
Company, L.L.C. and Interstate Hotels Management, Inc.
(incorporated by reference to Exhibit 10.7 to the Company's
Current Report on Form 8-K [Registration No. 01-12073] filed with
the Securities and Exchange Commission on May 7, 1999)
</TABLE>
<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 20, 1999 By: /s/Donald H. Dempsey
- ------------- --------------------
Donald H. Dempsey
Executive Vice President, Secretary, Treasurer
and Chief Financial Officer
