Hotel Online  Special Report

Boykin's Pink Shell Beach Resort & Spa, Located on
Estero Island, Survives Direct Hit from Charley


CLEVELAND, Aug. 16, 2004 - Boykin Lodging Company (NYSE: BOY), a hotel real estate investment trust, today reported the impact of Hurricane Charley on its three properties in Southwest Florida.
The Company's Best Western Fort Myers Island Gateway Hotel and its Radisson Suite Beach Resort located on Marco Island were evacuated prior to the storm. Both hotels suffered only minor damage and have since reopened.

The Pink Shell Beach Resort & Spa, located on Estero Island, a barrier island, was evacuated in anticipation of the hurricane and remains closed as access to the island is currently restricted. The resort will reopen once access to the island is restored and the grounds are cleared of debris. A preliminary review indicated minimal damage to the 

Pink Shell Beach Resort & Spa
275 Estero Blvd.
Fort Myers Beach, Florida 33931
guestrooms within the White Sand Villas, Sanibel View Villas and Beach Villas buildings. The Captiva and Useppa buildings, however, suffered greater damage and those 43 rooms will remain closed for repair. The Company anticipates, based on current information, that the Pink Shell Beach Resort & Spa should reopen within one week.

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 26 hotels containing a total of 7,700 rooms located in 16 states, and operating under such internationally known brands as Doubletree, Marriott, Hilton, Radisson, Embassy Suites, and Courtyard by Marriott among others. 

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. 

Shereen P. Jones
Executive Vice President
Chief Financial and Investment Officer
Boykin Lodging Company
(216) 430-1200
Also See: Boykin Lodging Acquires Radisson Suite Beach Resort in Marco Island, Florida, for $27.25 million / Aug 2003
Joseph Smith Promoted to Executive Vice President/Director of Operations, Boykin Management Company / April 2003

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