Jameson Inns sells company to JER Partners
Clients Jameson Inns, Inc.
Jones Day advised the Board of Directors of Jameson Inns, Inc., a chain of hotel properties built around a southern colonial design theme, in the $359.3 million acquisition of the company by JER Partners. JER Partners acquired all of the outstanding shares of Jameson Inns in a cash merger for $2.97 per share. The board of directors approved the transaction unanimously with one member absent.