Explosive expansion at Equity Inns
Equity Inns bought 20 hotels in 2004 and another nine so far this year, but CEO Howard Silver says the buying binge is not over yet.
The Memphis-based chain will add another two or so hotels this year, according to Mr Silver.
He says Equity plans to extend its reach further west and into the Northeast. Most of Equity’s current properties are in the southeast, particularly in Florida.
But instead of targeting tourists, most Equity properties are found in places such as college towns that have consistent business year-round.
The acquisition strategy has been helped by the lack of new or planned construction in the industry, according to Ned Overton, a securities analyst told the Memphis Business Journal.
Predictions are that hotel building will be on the increase in 2006 and will really pick up in 2007.
Report by David Wilkening
David
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Global tourism exceeds 1.5 billion travelers announces UN-Tourism
Qatar Airways offers reduced timetable to over 60 destinations
WTTC global tourism reached record economic impact of 11 trillion in 2025
Hands In, UATP join forces for airline multi-card payments
Overseas travelers to the United States declined by 2.5% in 2025