EXHIBIT 99.1
[LODGIAN LOGO]
For Immediate Release
Contact:
Debi Ethridge Jerry Daly or Carol McCune
Vice President, Finance & Investor Relations Daly Gray Public Relations (Media)
dethridge@lodgian.com jerry@dalygray.com
(404) 365-2719 (703) 435-6293
LODGIAN ANNOUNCES DATE OF
2004 ANNUAL MEETING OF STOCKHOLDERS
Atlanta, GA, February 11, 2004 - Lodgian, Inc. (AMEX: LGN), one of the
nation's largest independent owners and operators of full-service hotels,
announced today that its Annual Meeting of Stockholders will be held on April 8,
2004 at 10:00 a.m., Eastern Time, at Georgia Society of CPAs, Atlanta Financial
Center, North Tower, Suite 400, 3353 Peachtree Road N.E., Atlanta, Georgia
30326. The record date for stockholders entitled to vote at the Annual Meeting
is March 8, 2004. Stockholder proposals must be received by Lodgian no later
than close of business on February 27, 2004 to be eligible for inclusion in
Lodgian's proxy materials for its 2004 Annual Meeting. Lodgian intends to
distribute its proxy solicitation materials on or about March 15, 2004.
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 94 hotels with 17,783 rooms located in 30 states and Canada. Of the
company's 94 hotel portfolio, 79 are under the InterContinental Hotels Group
(Crowne Plaza, Holiday Inn, Holiday Inn Select and Holiday Inn Express) and
Marriott brands (Courtyard by Marriott, Fairfield Inn and Residence Inns), and
10 are affiliated with four other nationally recognized hospitality franchises.
Five hotels are independent, unbranded properties. For more information about
Lodgian, visit the company's Web site: www.lodgian.com.
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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 "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.