Equity Inns (ENN) Announces Special Meeting of Common Shareholders

August 10, 2007 4:28 PM EDT

Equity Inns, Inc. (NYSE: ENN) has established a record date and meeting date for the special meeting of common shareholders to consider and vote upon the proposal to approve the previously announced Agreement and Plan of Merger, dated as of June 20, 2007, by and among Grace I, LLC, Grace Acquisition I, Inc., Grace II, L.P., Equity Inns Partnership, L.P. and Equity Inns, Inc., pursuant to which Equity Inns will merge with and into Grace Acquisition I, Inc. an affiliate of Whitehall Street Global Real Estate Limited Partnership 2007 ("Whitehall").

The special meeting will be held on Tuesday, October 2, 2007 at 10:00 a.m., Central time, at The Homewood Suites by Hilton located at 7855 Wolf River Boulevard, Germantown, Tennessee 38138. The record date for determining the holders of shares of the Company's common stock entitled to notice of the special meeting and to vote on the merger proposal will be the close of business on Monday, August 20, 2007.

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Mergers and Acquisitions

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