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Boykin Management Company Reports A First Quarter
RevPar Increase of 7.2 Percent

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Charlotte, NC, May 15, 2008 - Boykin Management Company reported a 7.2 percent RevPar increase for the first quarter of 2008. The increase was driven by significant rate growth and expected occupancy growth in all hotel markets. 

Michael Morton, Senior Vice President of Operations said "....despite the costs of fuel and the pressure on some markets, we are pleased that our strategies are working in this challenging environment. The advent of an early Easter had some impact on the Florida resorts, however aggressive group pacing offset the anticipated decline."

About the Company:
Founded in 1958, Boykin Management Company operates branded and independent first class and upscale hotels, condominium hotels, and resorts throughout the United States. Boykin has built a leadership reputation in the hotel industry with a solid foundation of experience in hotel operation, management, and development. Boykin is nationally recognized for its expertise in providing superior services to institutional, high net worth, private equity funds, developers and other hotel ownership groups. For more information about Boykin Management Company, please visit www.boykin.com. Boykin Management Company contact: Kevin Hyland at (704) 896-2880.

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Contact:

Boykin Management Company
Kevin Hyland
8015 W Kenton Circle, Suite 220
Huntersville, NC 28078
704-896-2880
khyland@boykin.com
 

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