Equity Inns Names Preferred FF&E Vendor

MEMPHIS, TN Equity Inns, a hotel REIT, has signed a preferred vendor agreement with Glen Hatchett and Associates (GHA). Under the one-year contract, GHA will become the preferred vendor for bidding on Equity Inns furniture, fixtures and equipment (FF&E) contracts for renovating, upgrading, or maintaining the REIT s properties. In exchange, Equity Inns will receive a $1.1 million fee from GHA, which will be dispersed in quarterly installments. (4/10/01)