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Previous: CALPINE CORP, 8-K, 2000-06-20 |
Next: AMERICAN SKANDIA LIFE ASSURAN CORP VAR ACC B CLASS 2 SUB ACC, 497J, 2000-06-20 |
<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
May 31, 2000
------------
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 96 hotels (the "Hotels") with
an aggregate of 12,284 rooms. The Company, through its ownership interest in
Equity Inns Partnership, L.P., leases 75 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.
The following sets forth, as of May 31, 2000, (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 $1,010,547 32% of room revenue up March 2, 1994
Albany, New York to $1,966,941, plus 70%
of room revenue in excess
of $1,966,941
Hampton Inn $520,923 30% of room revenue up March 2, 1994
College Station, Texas to $1,281,322, plus 68%
of room revenue in excess
of $1,281,322
Hampton Inn $517,132 30% of room revenue up March 2, 1994
Columbus, Georgia to $1,095,868, plus 68%
of room revenue in excess
of $1,095,868
Hampton Inn $506,980 30% of room revenue up March 2, 1994
Louisville, Kentucky to $1,208,265, plus 70%
of room revenue in excess
of $1,208,265
Hampton Inn $495,856 31% of room revenue up March 2, 1994
Cleveland, Ohio to $1,039,670, plus 68%
of room revenue in excess
of $1,039,670
Hampton Inn $446,519 30% of room revenue up March 2, 1994
Sarasota, FL to $1,236,363, plus 70%
of room revenue in excess
of $1,236,363
Hampton Inn $404,278 30% of room revenue up March 2, 1994
Fort Worth, Texas to $1,404,958, plus 69%
of room revenue in excess
of $1,404,958
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage Date
Hotel Base Rent Rent Formula of Lease
----- --------- ------------------------- --------------
<S> <C> <C> <C>
Hampton Inn $573,571 27% of room revenue up April 21, 1994
Ann Arbor, Michigan to $1,525,223, plus 68%
of room revenue in excess
of $1,525,223
Hampton Inn $404,057 30% of room revenue up June 7, 1994
Gurnee, Illinois to $1,498,247, plus 69%
of room revenue in excess
of $1,498,247
Comfort Inn $621,955 30% of room revenue up July 15, 1994
Arlington, Texas to $1,562,313, plus 69%
of room revenue in excess
of $1,562,313
Residence Inn $856,397 27% of room revenue up September 12, 1994
Eagan, Minnesota to $1,299,306, plus 65%
of room revenue in excess
of $1,299,306
Residence Inn $756,532 27% of room revenue up September 12, 1994
Tinton Falls, New Jersey to $1,411,702, plus 65%
of room revenue in excess
of $1,411,702
Hampton Inn $569,998 30% of room revenue up September 20, 1994
Milford, Connecticut to $1,558,942, plus 68%
of room revenue in excess
of $1,558,942
Hampton Inn $365,426 30% of room revenue up September 20, 1994
Meriden, Connecticut to $1,044,165, plus 65%
of room revenue in excess
of $1,044,165
Hampton Inn $534,583 31% of room revenue up November 28, 1994
Beckley, West Virginia to $881,206, plus 68% of
room revenue in excess of
$881,206
Holiday Inn Express $228,414 35% of room revenue up November 28, 1994
Wilkesboro, to $745,056, plus 69% of
North Carolina room revenue in excess of
$745,056
Hampton Inn $468,634 33% of room revenue up November 28, 1994
Gastonia, North Carolina to $844,258, plus 66% of
room revenue in excess of
$844,258
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage Date
Hotel Base Rent Rent Formula of Lease
----- --------- ------------------------- -----------------
<S> <C> <C> <C>
Hampton Inn $440,999 33% of room revenue up November 28, 1994
Morgantown, West Virginia to $953,965, plus 65% of
room revenue in excess of
$953,965
Holiday Inn $315,186 33% of room revenue up November 28, 1994
Oak Hill, West Virginia to $794,990, plus 65% of
room revenue in excess of
$794,990, plus 75% of
food and beverage lease
revenue
Holiday Inn $569,503 33% of room revenue up November 28, 1994
Bluefield, West Virginia to $1,635,946, plus 65%
of room revenue in excess
of $1,635,946, plus 15%
of food revenue, plus 8%
of beverage revenue
Hampton Inn $580,529 31% of room revenue up December 6, 1994
Naperville, Illinois to $1,308,276, plus 62%
of room revenue in excess
of $1,308,276
Hampton Inn $558,239 31% of room revenue up January 3, 1995
State College, Pennsylvania to $985,652, plus 62% of
room revenue in excess of
$985,652
Comfort Inn $338,360 33% of room revenue up June 15, 1995
Rutland, Vermont to $1,353,594, plus 71%
of room revenue in excess
of $1,353,594
Hampton Inn $546,077 37% of room revenue up September 20, 1995
Scranton, Pennsylvania to $1,968,120, plus 74%
of room revenue in excess
of $1,968,120
Hampton Inn $447,668 33% of room revenue up September 22, 1995
Fayetteville, North to $1,254,269, plus 65%
Carolina of room revenue in excess
of $1,254,269
Hampton Inn $671,335 35% of room revenue up September 22, 1995
Indianapolis, Indiana to $1,628,445, plus 71%
of room revenue in excess
of $1,628,445
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage Date
Hotel Base Rent Rent Formula of Lease
----- --------- ------------------------- ------------------
<S> <C> <C> <C>
Hampton Inn $464,614 34% of room revenue up September 22, 1995
Jacksonville, Florida to $1,571,733, plus 68%
of room revenue in excess
of $1,571,733
Holiday Inn $714,100 38% of room revenue up September 22, 1995
Mt. Pleasant, South to $2,295,343, plus 76%
Carolina of room revenue in excess
of $2,295,343, plus 5% of
food revenue, plus 20% of
beverage revenue
Comfort Inn $714,983 37% of room revenue up November 21, 1995
Jacksonville Beach. to $3,139,253, plus 75%
Florida of room revenue in excess
of $3,139,235, plus 10%
of food revenue, plus 25%
of beverage revenue
Residence Inn $356,639 35% of room revenue up December 15, 1995
Omaha, Nebraska to $1,754,245, plus 71%
of room revenue in excess
of $1,754,245
Hampton Inn $619,871 35% of room revenue up December 27, 1995
Austin, Texas to $1,468,266, plus 71%
of room revenue in excess
of $1,468,266
Hampton Inn $373,278 34% of room revenue up February 21, 1996
Knoxville (Alcoa), to $1,511,090, plus 69%
Tennessee of room revenue in excess
of $1,511,090
Hampton Inn $572,359 36% of room revenue up March 14, 1996
Baltimore (Glen Burnie), to $1,827,462, plus 72%
Maryland of room revenue in excess
of $1,827,462
Hampton Inn $663,073 37% of room revenue up May 31, 1996
Detroit (Northville), to $1,679,058, plus 73%
Michigan of room revenue in excess
of $1,679,058
Homewood Suites $935,531 37% of room revenue up May 31, 1996
Hartford (Windsor Locks), to $2,646,865, plus 75%
Connecticut of room revenue in excess
of $2,646,865
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage Date
Hotel Base Rent Rent Formula of Lease
----- --------- ------------------------- -------------
<S> <C> <C> <C>
Holiday Inn $449,340 28% of room revenue up June 28, 1996
Winston-Salem, North to $1,966,769, plus 77%
Carolina of room revenue in excess
of $1,966,769, plus 15%
of food revenue plus 30%
of beverage revenue
Hampton Inn $829,453 37% of room revenue up July 16, 1996
Scottsdale, Arizona to $1,551,089, plus 73%
of room revenue in excess
of $1,551,089
Hampton Inn $733,794 36% of room revenue up July 22, 1996
Chattanooga, Tennessee to $2,026,832, plus 72%
of room revenue in excess
of $2,026,832
Homewood Suites $907,884 35% of room revenue up September 27, 1996
San Antonio, Texas to $2,191,309, plus 71%
of room revenue in excess
of $2,191,309
Residence Inn $692,063 37% of room revenue up October 1, 1996
Burlington, Vermont to $1,805,289, plus 74%
of room revenue in excess
of $1,805,289
Homewood Suites $1,097,145 35% of room revenue up November 5, 1996
Phoenix (Camelback), to $2,543,423, plus 71%
Arizona of room revenue in excess
of $2,543,423
Residence Inn by Marriott $820,907 37% of room revenue up January 10, 1997
Colorado Springs, Colorado to $1,512,948, plus 75%
of room revenue in excess
of $1,512,948
Residence Inn by Marriott $881,725 37% of room revenue up January 10, 1997
Tucson, Arizona to $2,246,661, plus 74%
of room revenue in excess
of $2,246,661
Residence Inn by Marriott $982,277 37% of room revenue up January 10, 1997
Oklahoma City, Oklahoma to $2,232,667, plus 75%
of room revenue in excess
of $2,232,667
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage Date
Hotel Base Rent Rent Formula of Lease
----- --------- ------------------------- -------------
<S> <C> <C> <C>
Hampton Inn $673,275 35% of room revenue up March 5, 1997
Norfolk, Virginia to $1,330,053, plus 71%
of room revenue in excess
of $1,330,053
Hampton Inn $177,383 32% of room revenue up March 11, 1997
Pickwick, Tennessee to $750,964, plus 65% of
room revenue in excess of
$750,694
Hampton Inn $687,783 34% of room revenue up April 22, 1997
Overland Park, Kansas to $1,473,057, plus 68%
of room revenue in excess
of $1,473,057
Hampton Inn $1,030,731 36.2% of room revenue up June 24, 1997
Addison, Texas to $1,573,932, plus 72.4%
of room revenue in excess
of $1,573,932
Hampton Inn $739,224 35.9% of room revenue up June 24, 1997
Atlanta (Northlake), to $1,330,976, plus 71.9%
Georgia of room revenue in excess
of $1,330,976
Hampton Inn $604,734 34.9% of room revenue up June 24, 1997
Birmingham (Vestavia), to $1,525,306, plus 69.8%
Alabama of room revenue in excess
of $1,525,306
Hampton Inn $765,057 36.2% of room revenue up June 24, 1997
Chapel Hill, North Carolina to $1,342,083, plus 72.3%
of room revenue in excess
of $1,342,083
Hampton Inn $573,250 34.9% of room revenue up June 24, 1997
Charleston, South Carolina to $1,460,595, plus 69.9%
of room revenue in excess
of $1,460,595
Hampton Inn $475,836 35.6% of room revenue up June 24, 1997
Colorado Springs, Colorado to $1,508,415, plus 71.2%
of room revenue in excess
of $1,508,415
Hampton Inn $646,842 35.3% of room revenue up June 24, 1997
West Columbia, South to $1,257,539, plus 70.5%
Carolina of room revenue in excess
of $1,257,539
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage Date
Hotel Base Rent Rent Formula of Lease
----- --------- ------------------------- -------------
<S> <C> <C> <C>
Hampton Inn $434,937 35.3% of room revenue up June 24, 1997
Denver (Aurora), Colorado to $1,564,575, plus 70.5%
of room revenue in excess
of $1,564,575
Hampton Inn $553,347 35.2% of room revenue up June 24, 1997
Detroit (Madison Heights), to $1,525,075, plus 70.3%
Michigan of room revenue in excess
of $1,525,075
Hampton Inn $498,714 35.8% of room revenue up June 24, 1997
Dublin, Ohio to $1,446,552, plus 71.7%
of room revenue in excess
of $1,446,552
Hampton Inn $477,584 35.5% of room revenue up June 24, 1997
Kansas City, Missouri to $1,506,762, plus 71.1%
of room revenue in excess
of $1,506,762
Hampton Inn $598,390 35.6% of room revenue up June 24, 1997
Little Rock, Arkansas to $1,347,486, plus 71.3%
of room revenue in excess
of $1,347,486
Hampton Inn $839,302 36.0% of room revenue up June 24, 1997
Memphis (Poplar), Tennessee to $1,560,486, plus 72.0%
of room revenue in excess
of $1,560,486
Hampton Inn $453,515 34.8% of room revenue up June 24, 1997
Memphis (Sycamore View), to $1,585,833, plus 69.5%
Tennessee of room revenue in excess
of $1,585,833
Hampton Inn $827,416 35.4% of room revenue up June 24, 1997
Nashville (Briley Parkway), to $1,687,414, plus 70.9%
Tennessee of room revenue in excess
of $1,687,414
Hampton Inn $784,748 35.5% of room revenue up June 24, 1997
Richardson, Texas to $1,376,879, plus 71.1%
of room revenue in excess
of $1,387,980
Hampton Inn $461,062 34.5% of room revenue up June 24, 1997
St. Louis (Westport), Missouri to $1,512,017, plus 69.1%
of room revenue in excess
of $1,512,017
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage Date
Hotel Base Rent Rent Formula of Lease
----- --------- ------------------------- -------------
<S> <C> <C> <C>
Homewood Suites $663,853 36.5% of room revenue up June 25, 1997
Germantown, Tennessee to $1,431,533, plus 73.0%
of room revenue in excess
of $1,431,533
Homewood Suites $407,748 37.2% of room revenue up July 10, 1997
Augusta, Georgia to $1,053,615, plus 74.5%
of room revenue in excess
of $1,053,615
Hampton Inn $845,786 36.8% of room revenue up August 1, 1997
Mountain Brook to $1,337,702, plus 73.6%
(Birmingham), Alabama of room revenue in excess
of $1,337,702
Residence Inn by Marriott $1,706,676 35.5% of room revenue up September 18, 1997
Princeton, New Jersey to $3,255,231, plus 71% of
room revenue in excess of
$3,255,231
AmeriSuites $626,457 35.7% of room revenue up December 3, 1997
Flagstaff, Arizona to $1,480,796, plus 71.3%
of room revenue in excess
of $1,480,796
AmeriSuites $1,171,605 38% of room revenue up December 3, 1997
Richmond, Virginia to $1,738,497, plus 76.1%
of room revenue in excess
of $1,738,497
AmeriSuites $692,029 38% of room revenue up December 10, 1997
Jacksonville, Florida to $1,492,205, plus 76%
of room revenue in excess
of $1,492,205
AmeriSuites $1,161,475 38% of room revenue up December 10, 1997
Miami, Florida to $1,596,587, plus 76%
of room revenue in excess
of $1,596,587
AmeriSuites $1,133,803 38% of room revenue up December 10, 1997
Tampa, Florida to $1,610,158, plus 76.1%
of room revenue in excess
of $1,610,158
AmeriSuites $800,317 37.6% of room revenue up December 10, 1997
Indianapolis (Keystone), to $1,625,990, plus 75.1%
Indiana of room revenue in excess
of $1,625,990
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage Date
Hotel Base Rent Rent Formula of Lease
----- --------- ------------------------- -----------------
<S> <C> <C> <C>
AmeriSuites $1,019,261 37.2% of room revenue up December 10, 1997
Kansas City (Overland to $1,776,680, plus 74.4%
Park), Kansas of room revenue in excess
of $1,776,680
AmeriSuites $811,378 36.5% of room revenue up December 10, 1997
Cincinnati (Blue Ash), to $1,565,986, plus 72.9%
Ohio of room revenue in excess
of $1,565,986
AmeriSuites $721,416 35.9% of room revenue up December 10, 1997
Cincinnati (Forest Park), to $1,633,025, plus 71.8%
Ohio of room revenue in excess
of $1,633,025
AmeriSuites $918,948 37.2% of room revenue up December 10, 1997
Columbus, Ohio to $1,825,519, plus 74.4%
of room revenue in excess
of $1,825,519
Hampton Inn $1,376,582 37% of room revenue up April 14, 1998
San Antonio, Texas to $1,883,482, plus 74%
of room revenue in excess
of $1,883,482
Homewood Suites $772,187 35.5% of room revenue up April 15, 1998
Sharonville, Ohio to $1,602,692, plus 70%
of room revenue in excess
of $1,602,692
Residence Inn $2,304,595 39% of room revenue up April 28, 1998
Portland (Lloyd Center), to $3,060,450, plus 74%
Oregon of room revenue in excess
of $3,060,450
Hampton Inn & Suites (i) 1998: $875,000 (i) 1998 and 1999: 33.5% May 1, 1998
Bartlett (Memphis), (ii) 1999: $940,000 of room revenue up to
Tennessee (iii) 2000 and $1,635,000, plus 72.5% of
thereafter: $799,303 room revenue in excess of
$1,635,000; (ii) 2000 and
thereafter: 35% of room
revenue up to $1,562,000,
plus 72.5% of room revenue
in excess of $1,562,000
AmeriSuites $758,132 43.5% of room revenue up June 26, 1998
Birmingham (Riverchase), to $1,874,615, plus 69.0%
Alabama of room revenue in excess
of $1,874,615
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage Date
Hotel Base Rent Rent Formula of Lease
----- --------- ------------------------- -------------
<S> <C> <C> <C>
AmeriSuites $1,115,555 59.7% of room revenue up June 26, 1998
Miami (Kendall), Florida to $1,979,184, plus 74.0%
of room revenue in excess
of $1,979,184
AmeriSuites $1,109,420 50.2% of room revenue up June 26, 1998
Baton Rouge, Louisiana to $2,277,708, plus 70.0%
of room revenue in excess
of $2,277,708
AmeriSuites $979,757 49.1% of room revenue up June 26, 1998
Baltimore (BWI), Maryland to $2,624,236, plus 69.0%
of room revenue in excess
of $2,624,236
AmeriSuites $1,298,216 47.3% of room revenue up June 26, 1998
Minneapolis (Mall of to $2,526,597, plus 69.0%
America), Minnesota of room revenue in excess
of $2,526,597
AmeriSuites $1,783,650 (i) Until 12/31/1999: June 26, 1998
Las Vegas, Nevada 49.7% of room revenue up
to $4,313,900, plus 69.0%
of room revenue in excess
of $4,313,900; (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 $952,769 47.6% of room revenue up June 26, 1998
Albuquerque, New Mexico to $2,158,156, plus 70.0%
of room revenue in excess
of $2,158,156
AmeriSuites $1,089,341 50.0% of room revenue up June 26, 1998
Nashville (Cool Springs), to $2,337,291, plus 70.0%
Tennessee of room revenue in excess
of $2,337,291
AmeriSuites $960,683 44.3% of room revenue up June 26, 1998
Memphis (Wolfchase), to $2,229,317, plus 69.0%
Tennessee of room revenue in excess
of $2,229,317
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Annual Annual Percentage Date
Hotel Base Rent Rent Formula of Lease
----- --------- ------------------------- --------------
<S> <C> <C> <C>
Homewood Suites (i) 1-6 lease months: (i) 1-6 lease months: August 7, 1998
Seattle, Washington $2,215,620; 38.0% of room revenue up
(ii) 7-18 lease months: to $3,650,000, plus 74.5%
$2,615,000 of room revenue in excess
(iii) After 19th lease of $3,650,000; (ii) 7-18
month: $2,215,620 lease months: 38.0% of
room revenue up to
$3,552,000, plus
74.5% of room
revenue in excess
of $3,552,000;
(iii) Lease month
19th and after:
37.0% of room
revenue up to
$3,706,000, plus
74.5% of room
revenue in excess
of $3,706,000
Homewood Suites (i) To May 31, 2000: (i) To May 31, 2000: May 18, 1999
Chicago (Grande Avenue), $4,159,600; 44.9% of room revenue up
Illinois (ii) June 1, 2000 to to $7,489,900, plus 69.0%
December 31, 2000: of room revenue in excess
$4,577,200; of $7,489,900; (ii) June 1,
(iii) After January 1, 2000 to December 31, 2000:
2001: $4,250,700 49.0% of room revenue up
to $10,010,900, plus 71.0%
of room revenue in excess
of $10,010,900; (iii) After
January 2, 2001: 49.0% of
room revenue up to
$9,726,900, plus 71.0% of
room revenue in excess of
$9,726,900
Homewood Suites (i) To December 31, (i) To December 31, 1999: June 25, 1999
Orlando, Florida 1999: $2,739,800 39.5% of room revenue up
(ii) January 1, 2000 to $4,530,300, plus 65.0%
to December 31, 2000: of room revenue in excess
$3,057,800; of $4,530,300; (ii) January
(iii) After January 1, 1, 2000 to December 31,
2001: $2,630,800 2000: 49.4% of room
revenue up to $7,094,800,
plus 71.0% of room revenue
in excess of $7,094,800;
(iii) After January 1, 2001:
49.4% of room revenue up
to $7,200,000, plus 72.0%
of room revenue in excess
of $7,200,000
</TABLE>
<PAGE>
ITEM 7. EXHIBITS.
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)
10.1(c) -- Form of Percentage Lease Amendment between Equity Inns Partnership,
L.P. and Caldwell Holding Corp. incorporated by reference to
Exhibit 10.5 to the Company's Current Report on Form 8-K
[Registration No. 01-120730] filed with the Securities and Exchange
Commission on December 24, 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)
<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)
June 20, 2000 By: /s/Donald H. Dempsey
--------------------
Donald H. Dempsey
Executive Vice President, Secretary, Treasurer
and Chief Financial Officer
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