Item 8.01. Other Events.
On September 12, 2007, Equity Inns, Inc. issued a press release that announced that its Board of
Directors declared quarterly cash dividends for the third quarter 2007 of $0.25 per common share
and $0.546875 per Series B preferred share and $0.50 per Series C preferred share. A copy of the
press release is filed as Exhibit 99.1 to this report on Form 8-K and is incorporated herein by
reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release dated September 12, 2007.
Additional Information and Where to Find It
In connection with the proposed merger, Equity Inns, Inc. filed a definitive proxy statement with
the United States Securities and Exchange Commission (SEC) on August 24, 2007. The definitive
proxy statement contains information about Equity Inns, Inc., the proposed merger with an affiliate
of Whitehall Street Global Real Estate Limited Partnership 2007 (Whitehall) and related matters.
SHAREHOLDERS ARE URGED TO READ CAREFULLY THE DEFINITIVE PROXY STATEMENT AND ANY OTHER RELEVANT
DOCUMENTS FILED WITH THE SEC, BECAUSE THEY CONTAIN IMPORTANT INFORMATION THAT SHAREHOLDERS SHOULD
CONSIDER BEFORE MAKING A DECISION ABOUT THE MERGER. In addition to receiving the definitive proxy
statement from Equity Inns, Inc. by mail, shareholders can obtain the preliminary proxy statement,
as well as other filings containing information about Equity Inns, Inc., without charge, from the
SECs website (
http://www.sec.gov
) or, without charge, from Equity Inns, Inc. at
www.equityinns.com or by directing such request to Equity Inns, Inc., 7700 Wolf River Boulevard,
Germantown, TN 38138, Attention: Investor Relations.
Participants in the Solicitation
Equity Inns, Inc. and its directors and executive officers and other members of management and
employees may be deemed to be participants in the solicitation of proxies in respect of the merger.
Information about Equity Inns, Inc.s directors and executive officers and their ownership of
Equity Inns, Inc.s common stock is set forth in the definitive proxy statement referenced above,
the proxy statement for Equity Inns, Inc.s 2006 Annual Meeting of Shareholders, which was filed
with the SEC on March 29, 2007 and Equity Inns, Inc.s Annual Report on Form 10-K for the year
ended December 31, 2006, which was filed with the SEC on February 28, 2007. Shareholders may obtain
additional information regarding the interests of Equity Inns, Inc. and its directors and executive
officers in the merger, which may be different than those of Equity Inns, Inc.s shareholders
generally, by reading the proxy statement and other relevant documents regarding the merger that
have been filed with the SEC.
Cautionary Statement Regarding Forward-Looking Statements
Certain matters discussed in this Current Report on Form 8-K which are not historical facts are
forward-looking statements within the meaning of the federal securities laws and involve risks
and uncertainties. The words may, plan, project, anticipate, believe, estimate,
forecast, expect, intend, will, and similar terms are intended to identify forward-looking
statements. Forward-looking statements are not guarantees of future performance and involve
numerous risks and uncertainties which may cause our actual performance to be materially different
from the expectations expressed or implied by such statements. Such risks and uncertainties
include, but are not limited to, the following: the ability of the Company to complete the merger
with an affiliate of Whitehall on the terms and the conditions set forth in the agreement and plan
of merger, the ability of the Company to cope with domestic economic and political disruption, war,
terrorism, states of emergency or similar activities; risks associated with debt financing; risks
associated with the hotel and hospitality industry; and availability of capital. These risks and
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