ATLANTA— In an attempt to enhance shareholder value, Lodgian, Inc. has initiated a review of strategic alternatives available to the company. Helping Lodgian in this review is Goldman, Sachs & Co. and Genesis Capital, LLC. Lodgian, however, has made no assurances that the review will result in any specific strategic or financial transaction. Lodgian will also not announce any results of the strategic review unless and until its board of directors approves a specific course of action. There are currently 69 hotels in Lodgian’s portfolio. During the fourth quarter, the company began a new hotel disposition program on the heels of its third-quarter profit decline.
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