Boykin Lodging Company (NYSE: BOY) today announced that its Board of Directors, after careful consideration, has appointed Deloitte & Touche as the Company`s independent accountants for 2002. This appointment followed a rigorous selection process.

“We look forward to working with Deloitte & Touche in the firm`s new role as our independent accountants,” said Robert W. Boykin, Chairman and Chief Executive Officer.

Prior to the selection of Deloitte & Touche, Arthur Andersen had served as the Company`s independent accountants. “We appreciate the professional service that Arthur Andersen has provided over the years,” added Mr. Boykin.

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 33 hotels containing a total of 9,257 rooms located in 19 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 www.boykinlodging.com.

This release contains forward-looking statements. Although the Company believes its business plans are based upon reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from the Company`s expectations include financial performance, real estate conditions, execution of hotel acquisition programs, changes in local or national economic conditions, and other similar variables.

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