LODGIAN, INC.
3445 PEACHTREE ROAD
ATLANTA, GA 30326
www.lodgian.com
[GRAPHIC OMITTED] LODGIAN
: LOD
NYSE
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AT LODGIAN, INC. AT THE FINANCIAL RELATIONS BOARD / BSMG (www.frbinc.com)
Robert Cole Thomas Eppich Leslie Hunziker Georganne Palffy
Chief Executive Officer Chief Financial Officer General Information Analysts/Investors
[email protected] [email protected] [email protected] [email protected]
(404) 365-3800 (404) 365-4469 (312) 640-6760 (312) 640-6768
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FOR IMMEDIATE RELEASE
FRIDAY, OCTOBER 20, 2000
LODGIAN HOSTS ANNUAL MEETING
ATLANTA - OCTOBER 20, 2000 - LODGIAN, INC. (NYSE: LOD) held its annual meeting
of shareholders in Atlanta today. Shareholders voted to elect two Class II
directors to serve for three-year terms expiring at the 2003 annual meeting of
shareholders, and to consider a proposal by William J. Yung and his affiliates
that the stockholders adopt a resolution to repeal any provisions or amendments
of the By-laws of the Company adopted by the Board without shareholder approval
subsequent to March 9, 2000, and prior to the annual meeting.
At the conclusion of the annual meeting, Lodgian, Inc. stated that voting
results would be announced once the independent inspectors of election have
tabulated and certified the vote, which is expected to occur in approximately 10
days.
"I would like to take this opportunity to thank not only our shareholders for
their patience, trust and support, but our 10,000-plus associates as well. It
has been a very long and distracting proxy contest that we are glad is now
behind us. It is now time to move forward and focus on the Company's sale
process that has been initiated," said Robert Cole, CEO.
ABOUT LODGIAN
Lodgian, Inc. owns or manages a portfolio of 128 hotels with approximately
24,000 rooms in 35 states and Canada. The hotels are primarily full service,
providing food and beverage service, as well as meeting facilities.
Substantially all of Lodgian's hotels are affiliated with nationally recognized
hospitality brands such as Holiday Inn, Crowne Plaza, Marriott, Sheraton, Hilton
and Westin.
Lodgian's common shares are listed on the New York Stock Exchange under the
symbol "LOD". Lodgian is a component of both the Russell 2000 Index,
representing small cap stocks, and the Russell 3000 Index, representing the
broader market.
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FORWARD-LOOKING STATEMENTS
Note: Statements in this press release that are not strictly historical are
"forward-looking" statements that are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks, which may cause the
Company's actual results in the future to differ materially from expected
results, as described in the Company's filings with the Securities and Exchange
Commission.
FOR MORE INFORMATION ON LODGIAN TOLL-FREE VIA FAX, DIAL 1-800-PRO-INFO
(1-800-776-4636), FOLLOW THE VOICE MENU PROMPTS AND ENTER THE
COMPANY TICKER LOD (OR 563) OR VISIT THE LODGIAN PAGE
ON THE FRB WEB SITE AT WWW.FRBINC.COM
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