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Paul O’Neil Succeeds Retiring Raymond Heitland

Boykin Lodging Company (NYSE: BOY), a multi-tenant hotel real estate investment trust, announced today that Raymond P. Heitland would retire from day-to-day management as the company’s chief financial officer. The company’s treasurer, Paul A. O’Neil, will succeed Mr. Heitland as chief financial officer and hold the title of Treasurer and Chief Financial Officer. Mr. Heitland will continue to serve as a member of the company’s board of directors.

Robert W. Boykin, Chairman, President and Chief Executive Officer of Boykin Lodging Company, commented: “As our company continues to develop and implement its growth strategy, it will continue to benefit from the valuable knowledge of lodging industry finance and operations both these gentlemen possess.”

Mr. Heitland, 63, has been the chief financial officer of Boykin Lodging Company since it became a publicly traded REIT in November 1996 and was previously the chief financial officer of Boykin Management Company (a private hotel management company that operates independently of Boykin Lodging Company) from 1970 to 1996.

Mr. O’Neil, 40, became the treasurer of Boykin Lodging Company when that position was created in May 1997. Mr. O’Neil served as the chief financial officer of Boykin Management Company from 1996 to 1997. He was the treasurer of Boykin Management from 1994 to 1996. Prior to joining Boykin Management, he managed the Real Estate Services Group in Arthur Andersen’s Cleveland office from 1990 to 1994. Mr. O’Neil received his AB degree in Economics and Accounting from the College of the Holy Cross in Worcester, Massachusetts, and is a member of the American Institute of Certified Public Accountants.