BOY Boykin Lodging

Boykin Lodging Expands Credit Facility CLEVELAND, July 1 /PRNewswire-FirstCall/ -- Boykin Lodging Company (NYSE:BOY), a hotel real estate investment trust, today announced that it has amended and expanded its secured, revolving credit facility. The principal amount of the facility was increased to $100 million and four properties were added as security for the credit facility. The Company also stated that it repaid the entire outstanding balance of its original $108 million term loan which was scheduled to mature in July 2005. Following repayment of the term loan, the Company had $40 million outstanding on the credit facility. 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 interests in 21 hotels containing a total of 6,019 rooms located in 13 states, and operating under such internationally known brands as Doubletree, Marriott, Hilton, Radisson, Embassy Suites, and Courtyard by Marriott among others. For more information about Boykin Lodging Company, visit the Company's website at http://www.boykinlodging.com/. Contact: Tara Szerpicki Investor Relations Boykin Lodging Company (216) 430-1333 DATASOURCE: Boykin Lodging Company CONTACT: Tara Szerpicki, Investor Relations of Boykin Lodging Company, +1-216-430-1333, or Web site: http://www.boykinlodging.com/

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