Boykin Lodging Company Declares Regular Quarterly Cash Dividend

CLEVELAND, Dec. 13 /PRNewswire/ — Boykin Lodging Company (NYSE: BOY) has
announced that the Board of Directors declared a quarterly cash dividend of
$0.365 per common share payable on February 5, 2001, to shareholders of record
at the close of business on December 31, 2000. The ex-dividend date is
December 27, 2000.

This is the seventeenth consecutive quarterly cash dividend paid since
Boykin Lodging became public in November 1996, said Robert W. Boykin,
chairman, president, and chief executive officer.

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 33 hotels containing a total of 9,236 rooms located in
nineteen states, and operating under such internationally known brands as
Doubletree, Marriott, Hilton and Radisson, among others. For more information
about Boykin Lodging Company, visit the company's web site at
www.boykinlodging.com .

This release contains forward-looking statements. Although the company
believes its business plans are based upon reasonable assumptions, it can give
no assurance that its expectations will be attained. Factors that could cause
actual results to differ materially from the company's expectations include
financial performance, real estate conditions, execution of hotel acquisition
programs, changes in local or national economic conditions, and other similar
variables.

SOURCE Boykin Lodging Company