Lodgian Brings 18 Hotels Out of Bankruptcy

ATLANTA-Lodgian Inc., one of the largest hotel operators in the United States, has obtained $80 million in new funding and is bringing 18 additional properties out of Chapter 11 status. New York-based Lehman Brothers Holdings Inc. is underwriting the loan. Lodgian operates hotels with Holiday Inn, Marriott, Hilton and Crowne Plaza flags.

At the same time, the locally based firm says W. Thomas Parrington, a Lodgian director and former CEO of Washington, DC-based Interstate Hotels Co., is the interim CEO, taking over from David E. Hawthorne who has resigned to pursue other business interests.

“My role was to restructure the company’s finances and operations,” Hawthorne says in a statement. “We have successfully completed that process, and the company has the plan and people in place to effectively move forward.” Hawthorne is also resigning as a company director.