GERMANTOWN, TN Equity Inns, a hotel real estate investment trust (REIT), reopened a 100-room hotel in Wilkesboro, NC as a Holiday Inn Express.
The formerly independent property was reflagged following completion of a $1 million renovation program that included the complete redesign of the lobby and breakfast rooms, substantial upgrades of the guestrooms and meeting rooms and the addition of an exercise facility. The project marks the REITs first conversion to the Holiday Inn Express brand. (11/9/00)