GERMANTOWN, TN— Equity Inns, Inc. is selling 2.7 million shares of its common stock in a new public offering to underwriters A.G. Edwards & Sons, Inc. and Calyon Securities USA Inc. The offering is priced at $11.08 a share. Net proceeds from the offering will total $28.7 million after a 4% discount. The offering will close on March 7. Furthermore, the underwriters have 30 days to execute an over-allotment option for an additional 405,000 shares of common stock. Equity Inns plans on using the offering’s proceeds to fund previously announced hotel acquisitions.