Boykin Lodging Company (NYSE: BOY) today announced the appointment of Shereen P. Jones to the key position of Executive Vice President, Chief Financial and Investment Officer, effective immediately. Ms. Jones will be responsible for capital raising, planning and implementation of strategic initiatives, finance, and investor relations. Ms. Jones replaces Mr. Paul A. ONeil as the Company`s Chief Financial Officer.

Ms. Jones, 40, brings more than 15 years of comprehensive financial and real estate experience to the Company. She joins Boykin from Credit Suisse First Boston in New York where she was Director and Global Head of Hospitality Investment Banking, spearheading the development of its lodging investment banking practice. Previously, she spent seven years with Lehman Brothers, serving most recently as Senior Vice President and head of its Real Estate, Lodging and Gaming Mergers & Acquisitions practice. Ms. Jones has successfully completed over $15 billion of lodging and real estate transactions, including equity and debt offerings, merger transactions and advisory assignments. Prior to joining Lehman, she was Vice President, Corporate Finance, for Oppenheimer & Co. and Kidder, Peabody & Co.

Commenting on the appointment, Chairman and Chief Executive Officer Robert W. Boykin said: “On behalf of the entire management team at Boykin we appreciate the excellent work and dedication of Paul O`Neil who was our CFO since 1998. We wish Paul well in his future endeavors. We have known and worked with Shereen, since 1996, when she led the Lehman Brothers team which structured and executed our IPO. Since then, she has been a key adviser to us and I am very pleased that she is joining our management team. Based on our experience, I believe Shereen`s creativity and expertise will be instrumental in fueling our future growth and expansion.”

Ms. Jones added, “I am extremely excited to join Bob and his team. I believe the lodging sector is poised for recovery, and I look forward to positioning Boykin to take advantage of the investment opportunities we expect to see.”

Ms. Jones earned a B.A. with Honors in Economics, magna cum laude, from Duke University and an M.B.A. from the Harvard Business School.

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 9,249 rooms located in 19 states, and operating under such internationally known brands as Doubletree, Marriott, Hilton, Radisson and Embassy Suites, among others. For more information about Boykin Lodging Company, visit the company`s website at www.boykinlodging.com.

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