Equity Inns Agrees to Be Acquired by Whitehall

Equity Inns, Inc. (NYSE: ENN), the third largest hotel real estate investment trust (REIT) based on the number of hotels owned, today announced that it has entered into a definitive merger agreement under which an affiliate of Whitehall Street Global Real Estate Limited Partnership 2007 (“Whitehall”) will acquire Equity Inns, Inc. in a transaction valued at approximately $2.2 billion, including debt.