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Lodgian Reinvests in Company

ATLANTA-The hotel owner and operator authorizes the repurchase of up to $15 million of its common stock. The decision comes on the heels of its capital improvements and renovations initiatives.

By Melissa Kress | Updated on May 26, 2006

(To read more on the debt and equity markets, click here.)

ATLANTA-Lodgian, Inc.’s board of directors has given the go-ahead to repurchase up to $15 million of the company’s common stock over a period ending no later than May 26, 2007. The move comes as the locally based hotel owner and operator is wrapping up a capital improvement and renovation program at its properties.

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