The Company stated that no decision has been made as to whether any transaction or other corporate action will result from this effort, and there can be no assurance that any transaction or other action will result from this effort. 

The Company does not intend to make any further announcements regarding its exploration of strategic alternatives unless and until the process is terminated or it executes a definitive agreement relating to a transaction.

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. 

Certain matters discussed within this press release may contain "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 and management's beliefs and expectations.