Winston Hotels, Inc. is a real estate investment trust (REIT) based in Raleigh, North Carolina which develops, acquires and rehabilitates premium limited-service, high-end extended stay and full-service hotels. The Company currently owns 49 operating hotels with 6,723 rooms in 12 states and holds a 49 percent ownership interest in three joint ventures, which own two operating hotels and a third under development. The Company also has provided mezzanine financing for two other hotels. Increasingly central to Winston’s strategy are third party financing and consulting activities related to the development of hotels for unaffiliated third parties. The quality of Winston’s portfolio is reflected by its strengthening affiliation with the upscale brand segment, as well as its broadening geographic diversity.