ATLANTA Concurrent with reporting its third quarter results, Lodgian amended its results for both its first and second quarters ended March 31, 2000 and June 30, 2000, respectively. The financial statements for the first and second quarters of 2000 have been updated to reflect changes identified by the company and the company s new auditor, Arthur Andersen, in connection with their ongoing reviews of the financial statements in accordance with the SAS71 as required by SEC regulations. The changes for the first quarter result in decreasing the net loss by less than 1% from $16.9 million to $16.8 million. The changes for the second quarter result in increasing the net loss by 3.4% from $38.9 million to $40.2 million. Revenues for the third quarter 2000 were $155.2 million compared to $156.0 million in the third quarter 1999. As a result of asset dispositions, it should be noted that the company had only 115 consolidated hotels reporting results for the full quarter compared to the 129 hotels in 1999 s third quarter. YTD through September 2000, Lodgian s total revenue was $454.8 million compared to $451.7 million in 1999. RevPAR increased 5.3% in the third quarter 2000 compared to the third quarter 1999. (11/30/00)
