SITE INDEX

Company Profile

Financial Highlights

Shareholders' Letter

Form 10k

Part I

Part II

Part III

Part IV

WINSTON HOTELS, INC.

     Report of Independent Accountants

     Consolidated Balance Sheets

     Consolidated Statements of Income

     Consolidated Statements of Shareholders’ Equity

     Consolidated Statements of Cash Flows

     Notes to Consolidated Financial Statements

     Schedule III

CAPSTAR WINSTON COMPANY, LLC

     Independent Auditors’ Report

     Balance Sheets

     Statements of Operations

     Statements of Members’ Capital

     Statements of Cash Flows

     Notes to Financial Statements

Index to Exhibits

Directors and Senior Management

Shareholder Information