PALM BEACH, FL— Innkeepers USA Trust, a hotel real estate investment trust (REIT) and the nations leading REIT owner of upscale, extended-stay hotel properties throughout the U.S., announced that the company will hold its annual meeting at 9 a.m. EST on Tuesday, May 7, 2002, at the Brazilian Court Hotel in Palm Beach, FL. The record date for determination of shareholders entitled to vote at the meeting is March 1. Florida-based Innkeepers USA Trust is a hotel real estate investment trust and the nations leading REIT owner of upscale, extended-stay hotel properties throughout the U.S. The company owns 67 hotels with a total of 8,131 suites or rooms in 23 states and focuses on acquiring and/or developing Residence Inns and other upscale extended-stay hotels and the rebranding and repositioning of other hotel properties.