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 Gregory Smith Appointed Chief Financial Officer/Chief Administration
Officer at the Corporate office, Boykin Management Company
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Cleveland, OH, March 24, 2006 - Boykin Management Company announces the appointment of Gregory Smith to the position of Chief Financial Officer/Chief Administration Officer at its corporate office in Cleveland, Ohio.

Greg Smith returns to Boykin after 18 years with Interstate Hotels, where he was most recently the Vice President of International Finance and Regional Director of Finance.  Greg brings with him an understanding of the world hospitality market, gained while he was responsible for all aspects of accounting and finance operations for Interstate’s hotels in Moscow as well as other international developments.  In addition, he oversaw the accounting and finance operations for the resort division and major third-party contracts, and was involved with owner relations, hotel acquisitions, controller development, and skill enhancement.  

Prior to Interstate’s merger with Meristar, Greg was located in Pittsburgh and was Interstate’s Vice President and Corporate Controller and directed the company’s finance and information technology departments.  While working with Interstate, Greg also held various positions with the company such as Hotel Controller at the Marriott Albany, New York and the Pittsburgh Airport Marriott, Pennsylvania.

Prior to 1988, Greg was Corporate Controller at Boykin, with responsibility for all Corporate and Hotel accounting.   

ABOUT BOYKIN MANAGEMENT COMPANY:  Boykin Management Company, founded in 1958, is a leading professional hotel management company, specializing in first-class and upscale full-service, resort, condo hotels, and IACC conference center hotels.  The company operates approximately 7,000 rooms from coast to coast with many of its hotels operating under the industry's leading brands including Marriott, Hilton, Doubletree, Embassy Suites and Radisson. In addition to its branded hotels, Boykin Management Company operates independent hotels and a unique collection of beachfront resorts with extensive facilities and guest amenities.  For more information on Boykin Management Company, visit www.boykin.com.  

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Contact:

Grant Sabroff
 SVP Business Development
 Boykin Management Company 
 216-430-1282
 

Also See: Boykin Lodging Reports Net Income Attributable to Common Shareholders for the Year Ending 2005 of $25.0 million versus a Net Loss of $4.9 million for the Year-earlier; Currently Owns 21 Hotels / March 2006

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