Registration Statement Business Editors 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 preferred stock. 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 .
WINSTON HOTELS, INC. FILES SHELF
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