Boykin Lodging Company Declares Quarterly Cash Dividend

Boykin Lodging Company (NYSE: BOY) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.47 per common share payable on November 5, 1998, to shareholders of record at the close of business on September 30, 1998.

Boykin Lodging Company is a multitenant real estate investment trust, which focuses on the acquisition of full-service, upscale commercial and resort hotels. The company currently owns 31 full-service commercial and resort hotels containing a total of 8,689 rooms located in California, Colorado, Florida, Idaho, Indiana, Maryland, Minnesota, Missouri, Nebraska, New York, New Jersey, North Carolina, Tennessee, Ohio, Oregon, and Washington. Since January 1998, Boykin has increased its portfolio by 13 hotels and a total of 3,838 rooms.