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Boykin Lodging Company Increases Quarterly Cash Dividend

Boykin Lodging Company (NYSE: BOY) today announced that its Board of Directors has increased its regular quarterly cash dividend to $0.47 per common share from $0.45 per common share and has declared this dividend to be paid on May 5, 1998, to shareholders of record at the close of business on March 31, 1998.

“Our outlook for the full-service and resort segment of the hotel industry continues to be very positive,” said Robert W. Boykin, chairman, president and chief executive officer of Boykin Lodging Company.