Hotel Online  Special Report

 Boykin Lodging Enters Into Agreement to Sell Radisson Suite
Beach Resort-Marco Island for $58 million
CLEVELAND, May 9, 2006 - Boykin Lodging Company (NYSE: BOY), a hotel real estate investment trust, today announced that Boykin Marco LLC ("Boykin Marco"), a subsidiary of the Company, has entered into an agreement to sell the Radisson Suite Beach Resort-Marco Island to an unrelated third party for a price of $58.0 million. 

The agreement provides for the consummation of the sale to occur on June 30, 2006, which date may be extended at the option of Boykin Marco for up to 30 days, and contains representations, warranties, indemnities and closing conditions that are customary for a transaction of this nature.

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 21 hotels containing a total of 5,871 rooms located in 13 states, and operating under such internationally known brands as Doubletree, Marriott, Hilton, Radisson, Embassy Suites, and Courtyard by Marriott among others. For more information about Boykin Lodging Company, visit the Company's website at

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. 


Tara Szerpicki
Investor Relations
Boykin Lodging Company
(216) 430-1333

Also See: Boykin Management Company Assumes Management of Radisson Suite Beach Resort Marco Island / October 2003
Boykin Lodging Acquires Radisson Suite Beach Resort in Marco Island, Florida, for $27.25 million / Aug 2003

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