| | Business Summary | | Equity
Inns,
Inc.
is
in
the
business
of
acquiring
equity
interests
in
hotel
properties,
and
is
a
real
estate
investment
trust
for
federal
income
tax
purposes.
The
Company,
through
its
wholly
owned
subsidiary,
Equity
Inns
Trust,
is
the
sole
general
partner
of
Equity
Inns
Partnership,
L.P.
and
owned
an
approximate
96.8%
interest
in
the
Partnership.
The
Company
conducts
its
business
through
the
Partnership
and
its
subsidiaries.
At
December
31,
2000,
the
Partnership
or
its
affiliates
owned
96
hotel
properties,
with
a
total
of
12,284
rooms
in
34
states.
During
the
year
ended
December
31,
2000
the
Partnership
or
its
affiliates
leased
75
of
the
Company's
hotels
to
affiliates
of
Interstate
Hotels
Corporation,
which
was
recently
divested
from
Wyndham
International,
Inc.
The
Partnership
leased
19
hotels
to
wholly
owned
subsidiaries
of
Prime
Hospitality
Corporation. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | ENN,
a
real
estate
investment
trust
based
in
Memphis,
TN
and
established
in
11/93,
is
involved
in
acquiring,
developing
and
leasing
hotel
properties.
ENN
is
the
largest
Hampton
Inn
owner.
For
the
six
months
ended
6/30/01,
revenues
totaled
$115.1
million,
up
from
$37.8
million.
Net
income
applicable
to
Common
totaled
$4.6
million
vs.
a
loss
of
$12.7
million.
Revenues
reflect
the
inclusion
of
hotel
revenues.
Net
income
also
reflects
decreased
real
estate
and
personal
property
taxes. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Phillip McNeill, Sr., 62
Chairman,
CEO | $569K | Howard Silver, 46
Pres,
COO | 505K | Donald Dempsey, 56
Exec.
VP, Sec., Treasurer, CFO | 591K | Phillip McNeill, Jr., 39
Exec.
VP of Devel. | 249K | J. Ronald Cooper, 52
VP,
Assistant, Sec., Assistant Treasurer, and Controller | 184K | | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/e/enn.gif)