EXHIBIT 99.2

For Immediate Release
Contact:
Richard Cartoon                         Jerry Daly or Carol McCune
Executive Vice President & CFO          Daly Gray Public Relations (Media)
rcartoon@lodgian.com                    jerry@dalygray.com
(404) 365-3823                          (703) 435-6293


                          5/23/03 Draft (10: 35 a.m.)
                   LODGIAN COMPLETES FINANCIAL RESTRUCTURING,
                     NAMES W. THOMAS PARRINGTON INTERIM CEO


      ATLANTA, Ga., May 23, 2003--Lodgian, Inc. (AMEX: LGN) today announced that
it had completed an $80 million financing underwritten by Lehman Brothers
Holdings Inc., bringing 18 of the company's hotels out of bankruptcy.
Concurrently, the company announced that W. Thomas Parrington, a member of
Lodgian's board of directors, has been named interim chief executive officer.

      The proceeds of the Lehman financing were used to settle an outstanding
loan for the hotels, owned by Lodgian subsidiaries, Impac Hotels II, L.L.C. and
Impac Hotels III, L.L.C. (Impac), which had filed for protection under Chapter
11 in December 2001. The financing is a two-year term loan with an optional
one-year extension at a rate of LIBOR plus 525 basis points but not less than a
floor of 7.25 percent interest.

      Tom Parrington replaces David E. Hawthorne, who is leaving the company
following completion of the company's reorganization and emergence from
bankruptcy. Hawthorne has indicated that he will resign from Lodgian's board of
directors and that, if re-elected at the upcoming annual meeting of
shareholders, he would not serve on the board. The company's board of directors
has no current plan with respect to the board vacancy created by Hawthorne's
resignation.

      "With the completion of the financing and loan settlement, Lodgian has
successfully completed its court-approved plan of reorganization and fully
emerged from Chapter 11 proceedings," Parrington said. "Management now can turn
its full attention to improving the quality and operations of our portfolio and
returning to profitability." He noted that the company expects to complete its
remaining claims resolution process by the 2003 third quarter.

      "My role was to restructure the company's finances and operations,"
Hawthorne said. "We have successfully completed that process, and the company
has the plan and people in place to effectively move forward."

      A 30-year veteran of the hospitality industry, Parrington is the former
chief executive officer of Interstate Hotels Company, one of the industry's
largest independent operating companies. During his 17-year tenure with
Interstate, Parrington also served as chief financial officer and chief
operating officer.

      Lodgian emerged from Chapter 11 with 78 hotels on November 25, 2002. In
January 2003, eight other hotels were returned to a lender in satisfaction of
outstanding debt obligations, and one hotel was returned to the lessor of a
capital lease. The plan of reorganization for the remaining 18 Impac hotels was
approved on April 24, 2003 by the U.S. Bankruptcy Court for the Southern
District of New York.

      Lodgian is one of the largest independent owners and operators of
full-service hotels in the United States. The company currently owns 96 hotels
and has a minority interest in one other hotel for a total portfolio of 97
hotels with 18,265 rooms located in 30 states and Canada. Eighty-two hotels in
the company's portfolio are franchised under the InterContinental Hotels Group
(Crowne Plaza, Holiday Inn, Holiday Inn Select and Holiday Inn Express) and
Marriott brands (Courtyard by Marriott, Fairfield Inn and Residence Inns), and
nine are affiliated with four other nationally recognized hospitality
franchises. Six hotels are independent, unbranded properties. For more
information about Lodgian, visit the company's Web site: www.lodgian.com.

      This press release includes forward-looking statements related to
Lodgian's operations that are based on management current expectations,
estimates and projections. These statements are not guarantees of future
performance and actual results could differ materially. The words "may,"
"should," "expect," "believe," "anticipate," "project," "estimate," and similar
expressions are intended to identify forward-looking statements. Certain factors
are not within the company's control and readers are cautioned not to put undue
reliance on forward-looking statements. These statements involve risks and
uncertainties including, but not limited to, the company's ability to generate
sufficient working capital from operations and other risks detailed from time-
to-time in the company's SEC reports. The company undertakes no obligations to
update events to reflect changed assumptions, the occurrence of unanticipated
events or changes to future results over time.