RALEIGH, N.C.--(BUSINESS WIRE)--Aug. 1, 1997--Winston Hotels,
Inc. (NASDAQ:WINN), a real estate investment trust and owner of
limited-service and extended-stay hotels, announced today that it
filed a shelf registration statement for the offering from time to
time of up to an aggregate of $200 million of common stock and
The specific terms of each offering will be determined at the
time of sale. Winston currently intends to use the net proceeds for
general corporate purposes including, without limitation, the
acquisition and development of additional properties and the
repayment of indebtedness.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold nor may offers to
buy be accepted prior to the time the registration statement becomes
effective. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy nor shall there be any sale of
these securities in any state in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state.
Winston Hotels, Inc. is a Raleigh, North Carolina-based real
estate investment trust specializing in the acquisition,
rehabilitation and development of premium limited-service and
high-end extended-stay hotel properties. The Company owns equity
interests in 34 hotels totaling 4,570 rooms.
Additional information on Winston Hotels, Inc. is also available
via the Internet at www.winstonhotels.com .
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