Lodgian (LOD) 8-K Regulation FD Disclosure

EXHIBIT 99.1

Lodgian, Inc.
Pro Forma Financial Data — Core Hotel Portfolio (43 hotels)
Trailing 12 Months Ended September 30, 2005
Unaudited in thousands

													Trailing 12
	Q4 2005			Q1 2006			Q2 2006			Q3 2006			Months
Supplemental Data:
Rooms Available		684,493			706,904			721,084			729,008			2,841,489
Rooms Sold		429,892			465,847			517,859			504,216			1,917,814
Occupancy		62.8%			65.9%			71.8%			69.2%			67.5%
Average Daily Rate	$	92.69		$	102.57		$	103.87		$	100.05		$	100.27
Revenue per Available Room (RevPAR)	$	58.84		$	67.59		$	74.59		$	69.20		$	67.67
Income Statement:
Revenues:
Rooms	$	40,278		$	47,783		$	53,787		$	50,445		$	192,293
Food and beverage		11,720			12,066			15,637			12,912			52,335
Other		1,827			1,938			2,146			2,099			8,010
Total revenues		53,825			61,787			71,570			65,456			252,638
Operating expenses:
Direct:
Rooms		10,973			12,136			13,305			13,291			49,705
Food and beverage		8,296			8,987			10,469			9,771			37,523
Other		1,467			1,520			1,651			1,519			6,157
Total direct operating expenses		20,736			22,643			25,425			24,581			93,385
		33,089			39,144			46,145			40,875			159,253
Other operating expenses:
Other hotel operating costs		16,931			18,453			18,718			19,043			73,145
Property and other taxes, insurance, and leases		3,887			4,352			4,673			5,800			18,712
Corporate and other		4,336			4,916			5,295			5,590			20,137
Casualty (gains) losses, net		(20,857	)		96			2			(3,086	)		(23,845	)
Depreciation and amortization		6,961			7,317			7,662			7,846			29,786
Impairment of long-lived assets		1,018			194			16			323			1,551
Total other operating expenses		12,276			35,328			36,366			35,516			119,486
Operating income		20,813			3,816			9,779			5,359			39,767
Other income (expenses):
Business interruption insurance proceeds		1,772			—			695			2,447			4,914
Interest income and other		271			308			849			786			2,214
Interest expense		(5,435	)		(6,296	)		(6,182	)		(6,436	)		(24,349	)
Income before income taxes and minority interests		17,421			(2,172	)		5,141			2,156			22,546
Minority interests (net of taxes, nil)		(590	)		(4	)		(136	)		101			(629	)
Provision for income taxes		(8,385	)		604			(2,317	)		(1,019	)		(11,117	)
Income (Loss)		8,446			(1,572	)		2,688			1,238			10,800
Reconciliation of EBITDA and Adjusted EBITDA (non-GAAP measures) with Income (Loss):
Income (loss)	$	8,446		$	(1,572	)	$	2,688		$	1,238		$	10,800
Depreciation and amortization		6,961			7,317			7,662			7,846			29,786
Interest income		(261	)		(308	)		(849	)		(786	)		(2,204	)
Interest expense		5,435			6,296			6,182			6,436			24,349
Provision (benefit) for income taxes		8,385			(604	)		2,317			1,019			11,117
EBITDA	$	28,966		$	11,129		$	18,000		$	15,753		$	73,848
Adjustments to EBITDA:
Post-emergence Chapter 11 expenses, included in corporate and other on consolidated statement of operations		(3	)		3			—			—			—
Write-off of investment in subsidiary for non-consolidated hotel		—			—			—			—			—
Write-off of receivable for non-consolidated hotel		1			—			—			—			1
Impairment loss		1,018			194			16			323			1,551
Casualty (gains) losses, net		(20,857	)		96			2			(3,086	)		(23,845	)
Adjusted EBITDA	$	9,125		$	11,422		$	18,018		$	12,990		$	51,555

Footnotes:

1 — The Crowne Plaza hotels in West Palm Beach and Melbourne, FL were closed during the 4th quarter of 2005 due to hurricane damage. The West Palm Beach hotel reopened on December 29, 2005 and the Melbourne hotel reopened on January 25, 2006.

2 — In Q4 2005, $28,753 in casualty gains were recorded, which resulted in an increase in minority interest expense of $7,896. By definition, the casualty gain is included in the Adjusted EBITDA calculation, but the corresponding impact on minority interest is not. To properly reflect the impact of the casualty gain (net of minority interest) on Adjusted EBITDA, we have reclassified the minority interest effect, thus reducing both minority interest and casualty gains by $7,896.