Boykin Lodging Company Declares Regular Quarterly Cash Dividend

Boykin Lodging Company (NYSE: BOY) today announced that the cash dividend of $0.47 per common share payable on February 7, 2000, to shareholders of record at the close of business on December 31, 1999.

“This is the thirteenth consecutive quarterly cash dividend paid since Boykin Lodging became public in November 1996,” said Robert W. Boykin, chairman, president, and chief executive officer. “Business is good, our cash flow is strong, and we remain on target for three to four percent growth in REVPAR (room revenue per available room) for the year.”

Boykin Lodging Company is a real estate investment trust which focuses on the acquisition of full-service, upscale commercial and resort hotels. The company currently owns 32 full-service commercial and resort hotels containing a total of 9,110 rooms located in California, Colorado, Florida, Idaho, Illinois, Indiana, Maryland, Minnesota, Missouri, Nebraska, New York, New Jersey, North Carolina, Tennessee, Ohio, Oregon, and Washington.