ATLANTA, Feb. 27 /PRNewswire-FirstCall/ -- Lodgian, Inc. , one of the nation's largest independent owners and operators of full-service hotels, today announced the names of the candidates nominated by its Board of Directors for election at the company's Annual Meeting of Shareholders, scheduled to be held on April 24, 2007. If elected, the directors will serve one-year terms ending in April 2008. The nominees, proposed by the company's Nominating Committee and approved by a majority of its Board of Directors, are: Stewart J. Brown, Peter T. Cyrus, Paul J. Garity, Stephen P. Grathwohl, Michael J. Grondahl, Kevin C. McTavish, Dr. Sheryl E. Kimes, Edward J. Rohling and Alex R. Lieblong. The company anticipates mailing a proxy statement to its shareholders on or about March 16, 2007.
About Lodgian
Lodgian is one of the largest independent owners and operators of full- service hotels in the United States. The company currently manages a portfolio of 68 hotels with 12,353 rooms located in 28 states and Canada. Of the company's 68-hotel portfolio, 42 are InterContinental Hotels Group brands (Crowne Plaza, Holiday Inn, Holiday Inn Select and Holiday Inn Express), 13 are Marriott brands (Courtyard by Marriott, Fairfield Inn, SpringHill Suites and Residence Inn), and 11 are affiliated with four other nationally recognized hospitality franchisors such as Hilton and Carlson (Radisson and Park Inn). Two hotels are independent, unbranded properties. Three hotels are owned by partnerships, in each of which Lodgian has at least a 50 percent equity interest, and is the operating partner for each. For more information about Lodgian, visit the company's Web site: http://www.lodgian.com/.
Forward-Looking Statements
This press release includes forward-looking statements related to Lodgian's operations that are based on management's current expectations, estimates and projections. These statements are not guarantees of future performance and actual results could differ materially. The words "guidance," "may," "should," "expect," "believe," "anticipate," "project," "estimate," "plan," and similar expressions are intended to identify forward-looking statements. Certain factors are not within the company's control and readers are cautioned not to put undue reliance on forward-looking statements. These statements involve risks and uncertainties including, but not limited to, the company's ability to generate sufficient working capital from operations and other risks detailed from time to time in the company's SEC reports. The company undertakes no obligations to update events to reflect changed assumptions, the occurrence of unanticipated events or changes to future results over time.
Contact:
Debi Ethridge Jerry Daly or Carol McCune
Vice President, Finance & Daly Gray Public Relations
Investor Relations (Media)
