Equity Inns Inc., Germantown, Tenn., has priced a common stock offering of 5.25 million shares at $9.75 per share.The real estate investment trust has granted the underwriters an option to buy up to 787,500 additional shares to cover any overallotments. Citigroup is the sole book-running manager of the offering, and Friedman, Billings, Ramsey is the co-lead manager. The hotel REIT can be found on the Internet at http://www.equityinns.com.
Equity Inns Prices Stock Offering
October 20, 2004, 2:00 p.m. EDT 1 Min Read
