Lodgian Reports 2008 Fourth Quarter and Full-Year 2008 Results

ATLANTA, GA /PRNewswire-FirstCall/ -- Lodgian, Inc. (Amex: LGN), one of the nation's largest independent owners and operators of full-service hotels, reports results for the fourth quarter and full year ended December 31, 2008.

The "35 continuing operations hotels" comprise those Lodgian properties that are not held for sale as of December 31, 2008. Lists of properties, both continuing operations and held for sale, are attached to this press release.

Fourth Quarter 2008 Highlights for 35 Continuing Operations Hotels

-- Reduced corporate overhead by $1.2 million in the 2008 fourth quarter compared to the 2007 fourth quarter.

-- Increased revenue per available room (RevPAR) index by 3.9 percent in the 2008 fourth quarter over the 2007 fourth quarter, to 101.7 percent.

-- Experienced a 4.9 percent decrease in RevPAR in the 2008 fourth quarter over the 2007 fourth quarter, compared to a 9.8 percent decrease in the same period for the U.S. industry as a whole, according to Smith Travel Research.

For a complete copy of the company's news release and full financials, please contact Julie Tullbane, Daly Gray Public Relations, T 703-435-6293, F 703-435-6297, julie@dalygray.com