Winston Hotels Announces Date for Fourth Quarter Results and Conference Call

  
    
  
  
    
      Winston Hotels, Inc. (NYSE: WXH), today announced that the Company will 
      announce financial results for the fourth quarter ended December 31, 
      2006 prior to the opening of the market on Thursday, February 15, 2007.
    
    
      Also, on February 15th at 10 a.m. (EST) Winston Hotels, Inc. will host a 
      conference call to discuss the results. To hear the call, please dial 
      800-288-8961. Please state that you are dialing into the Winston Hotels, 
      Inc. fourth quarter results call. A replay of the call will be available 
      for seven days after the call by dialing 800-475-6701 access code 
      #862043.
    
    
      The call can also be accessed via the Internet live or as a replay at www.winstonhotels.com. 
      The conference call will be available for replay on the Company’s 
      web site shortly after the call and for 30 days thereafter.
    
    
      About the Company
    
    
      Winston currently owns or is invested in 53 hotel properties in 18 
      states having an aggregate of 7,205 rooms. This includes 44 wholly owned 
      properties with an aggregate of 6,013 rooms and nine hotels in joint 
      ventures totaling 1,192 rooms. The company’s 
      joint venture hotels include a 41.7% ownership interest in a joint 
      venture that owns one hotel with 121 rooms, a 60% ownership interest in 
      a joint venture that owns one hotel with 138 rooms, a 49% ownership 
      interest in a joint venture that owns one hotel with 118 rooms, a 48.78% 
      ownership interest in a joint venture that owns one hotel with 147 
      rooms, a 13.05% ownership interest in a joint venture that owns four 
      hotels with an aggregate of 545 rooms and a 0.21% ownership interest in 
      a joint venture that owns one hotel with 123 rooms, for which 
      substantially all of the profit or loss generated by the joint venture 
      is allocated to the company. As of September 30, 2006, the company also 
      had approximately $61.7 million of outstanding loans in its loan 
      portfolio that it originated or purchased. The company does not hold an 
      ownership interest in any of the hotels for which it has provided debt 
      financing.