LODGIAN INC
5, 2000-02-15
HOTELS & MOTELS
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         FORM 5                         UNITED STATES SECURITIES AND EXCHANGE COMMISSION                        OMB Approval
- -------------------------                            Washington, D.C. 20549                           ------------------------------
[ ] Check this box if no                                                                               OMB Number:        3235-0362
    longer subject to                                                                                  Expires:   December 31, 2001
    Section 16. Form 4                 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP             Estimated average burden
    or Form 5 obligations                                                                              hours per response.......1.0
    may continue. See                                                                                 ------------------------------
    Instruction 1(b).       Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
[ ] Form 3 Holdings           Section 17(a) of the Public Utility Holding Company Act of 1935 or
    Reported                          Section 30(f) of the Investment Company Act of 1940
[ ] Form 4 Transactions
    Reported

<CAPTION>
- --------------------------------------------------- ------------------------------------------------------ -------------------------
1.  Name and Address of Reporting Person*    2. Issuer Name and Ticker or Trading Symbol   6. Relationship of Reporting Person(s)
                                                                                                to Issuer (Check all applicable)
                                                Lodgian, Inc.               LOD
Calabro         Joseph         C.                                                          [X] Director          [ ] 10% Owner
- ----------------------------------------------------------------------------------------   [ ] Officer (give     [ ] Other (specify
(Last)          (First)        (Middle)      3. IRS or Social        4. Statement for                   title               below)
                                                Security Number of      Month/Year                      below)
                                                Reporting Person
c/o Lodgian, Inc.                               (Voluntary)             12/99
3445 Peachtree Road, N.E., Suite 700                                                          ------------------------------------
- ------------------------------------------                           ---------------------------------------------------------------
                (Street)                                             5. If Amendment,      7. Individual or Joint/Group Reporting
                                                                        Date of Original            (check applicable line)
                                                                        (Month/Year)       [X] Form Filed by One Reporting Person
                                                                                           [ ] Form Filed by More than One Reporting
Atlanta         GA             30326                                                           Person
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(City)          (State)        (Zip)

                          TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
<S>                       <C>         <C>              <C>                         <C>                <C>             <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Security      2. Trans-   3. Transaction    4. Securities Acquired (A)  5. Amount of      6. Ownership    7. Nature of
   (Instr. 3)                action      Code (Instr.      or Disposed of (D)          Securities        Form:           Indirect
                             Date        8)                (Instr. 3, 4 and 5)         Beneficially      Direct (D)      Beneficial
                             (Month/                                                   Owned at End      or Indirect     Ownership
                             Day/                                                      of Issuer's       (I)             (Instr. 4)
                             Year)                                                     Fiscal Year       (Instr. 4)
                                                                                       (Instr. 3
                                                                                        and 4)
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                                                        Amount  (A) or (D)   Price
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock, par value      01/01/99(1)  A             2,565       A         4.875      216,360          D
$.01 per share
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Common Stock, par value      04/01/99(1)  A             2,565       A         4.4375     216,360          D
$.01 per share
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock, par value      07/01/99(1)  A             2,565       A         6.5625     216,360          D
$.01 per share
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock, par value      10/01/99(1)  A             2,565       A         3.75       216,360          D
$.01 per share
- ------------------------------------------------------------------------------------------------------------------------------------

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- ------------------------------------------------------------------------------------------------------------------------------------

*  If the form is filed by more than one reporting person, see Instruction 4(b)(v).
                                                                                                                         Page 1 of 2
                                                                                                                     SEC 2270 (3-99)
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
FORM 5 (continued)
                           TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
                                   (e.g., puts, calls, warrants, options, convertible securities)

<S>       <C>         <C>        <C>       <C>            <C>           <C>           <C>      <C>        <C>         <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title  2. Conver-  3. Trans-  4. Trans- 5. Number of   6. Date       7. Title      8. Price 9. Number  10. Owner-  11. Nature of
   of        sion or     action     action    Derivative     Exer-         and           of       of          ship        Indirect
   Deri-     Exercise    Date       Code      Securities     cisable       Amount        Deri-    Deri-       Form        Beneficial
   vative    Price of               (Instr.   Acquired (A)   and Expi-     of            vative   vative      of Deri-    Ownership
   Secu-     Deri-       (Month/    8)        or Disposed    ration        Under-        Secu-    Secu-       vative      (Instr. 4)
   rity      vative      Day/                 of (D)         Date          Lying         rity     rities      Security:
   (Instr.   Security    Year)                (Instr. 3,     (Month/       Securi-       (Instr.  Benefi-     Direct
   3)                                         4, and 5)      Day/          ties          5)       cially      (D) or
                                                             Year)         (Instr.                Owned       Indirect
                                                                           3 and 4)               at End      (I)
                                                                                                  of          (Instr.
                                                                                                  Year         4)
                                                                                                  (Instr.
                                                                                                   4)
                                    ---------------------------------------------------
                                             (A)    (D)    Date    Expir-  Title Amount
                                                           Exerci- ation         or
                                                           sable   Date          Number
                                                                                 of
                                                                                 Shares
                                   ---------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Option to    $6.50       06/25/99    A      5,000        06/25/99 06/25/09 Common   5,000          60,000      D
Purchase                                                                   Stock
Common Stock,
par value
$.01/share
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

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- ------------------------------------------------------------------------------------------------------------------------------------

Explanation of Responses:


**      Intentional misstatements or omissions of facts constitute
        Federal Criminal Violations.
        See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:   File three copies of this Form, one of which must be manually           /s/ Joseph C. Calabro             February 10, 2000
        signed.  If space is insufficient, see Instruction 6 for          ------------------------------------  --------------------
        procedure.                                                          ** Signature of Reporting Person             Date


Potential persons who are to respond to the collection of information contained in this form
are not required to respond unless the form displays a currently valid OMB control number.

                                                                                                                         Page 2 of 2
                                                                                                                     SEC 2270 (3-99)
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