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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 HUKk/H9FlHwhZ6+kXepytw==

<SEC-DOCUMENT>0001209191-03-007985.txt : 20030723
<SEC-HEADER>0001209191-03-007985.hdr.sgml : 20030723
<ACCEPTANCE-DATETIME>20030618143206
ACCESSION NUMBER:		0001209191-03-007985
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030616
FILED AS OF DATE:		20030618

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LODGIAN INC
		CENTRAL INDEX KEY:			0001066138
		STANDARD INDUSTRIAL CLASSIFICATION:	HOTELS & MOTELS [7011]
		IRS NUMBER:				522093696
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		3445 PEACHTREE ROAD N E SUITE 700
		CITY:			ATLANTA
		STATE:			CA
		ZIP:			30326
		BUSINESS PHONE:		4043649400

	MAIL ADDRESS:	
		STREET 1:		3445 PEACHTREE ROAD N E SUITE 700
		CITY:			ATLANTA
		STATE:			CA
		ZIP:			30326

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			OAKTREE CAPITAL MANAGEMENT LLC
		CENTRAL INDEX KEY:			0000949509
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14537
		FILM NUMBER:		03748618

	BUSINESS ADDRESS:	
		STREET 1:		333 S GRAND AVENUE 28TH FL
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071
		BUSINESS PHONE:		2138306300

	MAIL ADDRESS:	
		STREET 2:		333 S GRAND AVE 28TH FL
		CITY:			LOS ANGLES
		STATE:			CA
		ZIP:			90071
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bny87619_bny02ocmllc.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0101</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-06-16</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0001066138</issuerCik><issuerName>LODGIAN INC</issuerName>        <issuerTradingSymbol>LGN</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0000949509</rptOwnerCik><rptOwnerName>OAKTREE CAPITAL MANAGEMENT LLC</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>  </rptOwnerStreet1><rptOwnerStreet2>  </rptOwnerStreet2><rptOwnerCity>  </rptOwnerCity><rptOwnerState>  </rptOwnerState><rptOwnerZipCode>  </rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeSecurity><securityTitle><value>Series A Preferred Stock</value></securityTitle><transactionDate><value>2003-06-16
</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>P</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>185207</value></transactionShares><transactionValue><value>17.50</value></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>1590275</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>See footnotes</value><footnoteId id="F1" /><footnoteId id="F2" /><footnoteId id="F3" /></natureOfOwnership></ownershipNature></nonDerivativeSecurity><footnotes><footnote id="F1">The reporting person, Oaktree Capital Management, LLC (???Oaktree???), is a registered investment adviser under the Investment Advisers Act of 1940, as amended, acti
ng as: (i) the general partner of OCM Real Estate Opportunities Fund II, L.P., a Delaware limited partnership (???Fund II???), (ii) the investment manager of a third-party separate account managed by Oaktree (the ???Oaktree Account???), and (iii) the managing member of OCM Real Estate Opportunities Fund III GP, LLC (???Fund III GP???).  Fund III GP is the general partner of OCM Real Estate Opportunities Fund III, L.P., a Delaware limited partnership (???Fund III???), and OCM Real Estate Opportunities Fund IIIA, L.P., a Delaware limited partnership (???Fund IIIA???).</footnote><footnote id="F2">Of the 185,207 shares of Series A Preferred Stock acquired, 179,650 shares were acquired by Fund III and 5,557 shares were acquired by Fund IIIA.  After the acquisition of these shares, the shares of Series A Preferred Stock beneficially owned by Oaktree include: 1,332,364 shares owned indirectly as general partner of Fund II, 72,704 shares owned indirectly as investment manger of the Oaktree Account, 179,650 shares ow
ned indirectly as the managing member of Fund III GP, the general partner of Fund III, and 5,557 shares owned indirectly as the managing member of Fund III GP, the general partner of Fund IIIA. Oaktree disclaims beneficial ownership of the reported securities except to, the extent of its pecuniary interest therein. The filing of this Form 4 shall not be deemed an admission that Oaktree is the beneficial owner of any securities not held directly for its account for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.</footnote><footnote id="F3">Oaktree is a limited liability company, the members of which are Howard S. Marks, Bruce A. Karsh, David Kirchheimer, Sheldon M. Stone, D. Richard Masson, Larry W. Keele, Stephen A. Kaplan, Russel S. Bernard, John W. Moon, Kevin L. Clayton, John B. Frank, OCM Equity Participation Plan, L.P. and OCM Equity Participation Plan II, L.L.C.  Each of such persons may be deemed a beneficial owner of the securities listed herein by virtue of s
uch status as members of Oaktree.  Each such person disclaims beneficial ownership of the securities listed herein and the filing of this Form 4 shall not be construed as an admission that such person is the beneficial owner of any securities covered by this Form 4, except to the extent of any pecuniary interest therein.</footnote></footnotes><ownerSignature><signatureName>/s/ Marc Porosoff, Senior Vice President, Legal</signatureName><signatureDate>2003-06-18</signatureDate></ownerSignature></ownershipDocument>

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</DOCUMENT>
</SEC-DOCUMENT>
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