Boykin Lodging Completes Sale of French Lick Hotel
14 Aprile 2005 - 3:01PM
PR Newswire (US)
Boykin Lodging Completes Sale of French Lick Hotel CLEVELAND, April
14 /PRNewswire-FirstCall/ -- Boykin Lodging Company (NYSE:BOY), a
hotel real estate investment trust, today confirmed that the
closing of the sale of the French Lick Springs Resort and Spa in
French Lick, Indiana, occurred on April 13, 2005. The net proceeds
from the sale of approximately $24.4 million will be used for
general corporate purposes. Boykin Lodging Company is a real estate
investment trust that focuses on the ownership of full-service,
upscale commercial and resort hotels. The Company currently owns
interests in 22 hotels containing a total of 6,227 rooms located in
14 states, and operating under such internationally known brands as
Doubletree, Marriott, Hilton, Radisson, Embassy Suites, and
Courtyard by Marriott among others. For more information about
Boykin Lodging Company, visit the Company's website at
http://www.boykinlodging.com/ . This news release contains
"forward-looking statements" within the meaning of Section 21E of
the Securities Exchange Act of 1934 regarding the Company,
including those statements regarding the Company's future
performance or anticipated financial results, among others. Except
for historical information, the matters discussed in this release
are forward-looking statements that involve risks and uncertainties
that may cause results to differ materially from those set forth in
those statements. Among other things, factors that could cause
actual results to differ materially from those expressed in such
forward-looking statements include financial performance, real
estate conditions, execution of hotel acquisition or disposition
programs, changes in local or national economic conditions, and
other similar variables and other matters disclosed in the
Company's filings with the SEC, which can be found on the SEC's
website at http://www.sec.gov/ . Contact: Tara Szerpicki Investor
Relations Boykin Lodging Company (216) 430-1333 DATASOURCE: Boykin
Lodging Company CONTACT: Tara Szerpicki, Investor Relations of
Boykin Lodging Company, +1-216-430-1333, or Web site:
http://www.boykinlodging.com/
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