"This transaction is a major part of the execution of our planto streamline the portfolio," says Lodgian CEO Ed Rohling, in aprepared statement. The disposition plan was announced in November2006.

In Alabama, the just-sold hotels are the 202-room Holiday Inn inSheffield and 112-room Holiday Inn Express in Dothan, where it alsobought a 102-room Quality Inn. The Florida properties are the152-room Holiday Inn in Pensacola, 122-room Holiday Inn Express inPensacola and 228-room Holiday Inn in Winter Haven. InPennsylvania, the Atlanta-based Kronos bought a 189-room HolidayInn in Lancaster, 201-room Holiday Inn Greentree in Pittsburgh and100-room Holiday Inn in York. In Georgia, the buyer got the297-room Ramada Plaza in Macon, 126-room Park Inn in Brunswick and117-room Augusta West Inn in Augusta. The portfolio included the244-room Holiday Inn in Lansing, MI; 275-room Crowne Plaza in CedarRapids, IA; 393-room Clarion Hotel in Louisville, KY; and 197-roomRamada in Charleston, SC.

Atlanta-based Hunter Realty Associates Inc. represented Lodgianin the transaction. The proceeds of the sale will be used forgeneral corporate purposes. The sale brings Lodgian's total cash inrestricted and unrestricted funds to more than $110 million,according to CFO James MacLennan.