8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): August 8, 2007

Lodgian, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

Delaware	001-14537	52-2093696
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
3445 Peachtree Road, NE, Suite 700, Atlanta, Georgia		30326
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 404-364-9400

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 8, 2007, the Company's Board of Directors (the "Board") appointed Mark S. Oei as a member of the Board and a member of its Compensation Committee.

Mr. Oei is a Managing Director of Oaktree Capital Management, L.P. ("Oaktree"), an investment company based in Los Angeles, CA where he has been since 2003. Prior to Oaktree, Mr. Oei was a Vice President at Morgan Stanley where he was an acquisitions officer of the Morgan Stanley Real Estate Funds. Mr. Oei earned a Masters of Business Administration from the Kellogg Graduate School of Management at Northwestern University and a Bachelor of Science in Business Administration from the Haas School of Business at the University of California at Berkeley. He is 39 years old. OCM Real Estate Opportunities Fund II, L.P., OCM Real Estate Opportunities Fund III, L.P., and OCM Real Estate Opportunities Fund IIIA, L.P., investment funds for which Oaktree acts as investment advisor, hold, in the aggregate, approximately 11.3% of the outstanding shares of the Company's common stock.

Mr. Oei replaces Kevin McTavish on the Company's Board. The Oaktree investment funds which hold the Company's shares requested that Mr. McTavish resign from the Board and expressed an interest that Mr. Oei replace him.

Item 9.01 Financial Statements and Exhibits.

(d) Press Release of Lodgian, Inc. dated August 13, 2007.

The information contained in the exhibit to this Current Report on Form 8-K shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. Furthermore, the information contained in the exhibit to this Current Report on Form 8-K shall not be deemed to be incorporated by reference into the filings of the registrant under the Securities Act of 1933 regardless of any general incorporation language in such filings.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Lodgian, Inc.
August 13, 2007	By:	Daniel E. Ellis
		Name: Daniel E. Ellis
		Title: Senior Vice President, General Counsel & Secretary

Exhibit Index

Exhibit No.	Description
99.1	Press release of Lodgian, Inc. dated August 13, 2007

EX-99.1

For Immediate Release Contact:
Debi Ethridge Vice President, Finance & Investor Relations dethridge@lodgian.com	Jerry Daly or Carol McCune Daly Gray Public Relations (Media) jerry@dalygray.com
(404) 365-2719	(703) 435-6293

Lodgian Elects Mark S. Oei to Board of Directors

Kevin C. McTavish Resigns from Board

ATLANTA, Ga., August 13, 2007—Lodgian, Inc. (AMEX: LGN), one of the nation’s largest independent owners and operators of full-service hotels, today announced that Mark S. Oei has been elected to Lodgian’s board of directors. Concurrently, the company announced that Kevin C. McTavish, a director since 2002, had resigned from the board, effective upon Mr. Oei’s appointment.

Mr. Oei is a managing director of Oaktree Capital Management, a Los Angeles-based investment company. Prior to joining Oaktree in 2003, he was a Vice President in the Real Estate Private Equity Fund and the Mergers and Acquisitions Department at Morgan Stanley, and before that, a Senior Consultant in the Real Estate Consulting Group at KPMG Consulting. 

“Mark’s experience with a top-tier investment manager, in real estate and mergers and acquisitions, and with KPMG, an international financial services firm, adds significant depth to our board,” said Ed Rohling, chief executive officer of Lodgian. “He will fill the vacancy created by Kevin McTavish, who has resigned from the board. Kevin made significant contributions to the company, and we appreciate his astute counsel and support during his tenure on our board.”

Oei received a B.S. degree in Business Administration from the University of California, Berkeley.  He earned an M.B.A. with an emphasis in Finance and Management and Strategy from the Kellogg School of Management at Northwestern University. Oei is a licensed real estate broker in the State of California.

About Lodgian

Lodgian is one of the largest independent owners and operators of full-service hotels in the United States. The company currently manages a portfolio of 49 hotels with 8,799 rooms located in 26 states and Canada. Of the company’s 49-hotel portfolio, 28 are InterContinental Hotels Group brands (Crowne Plaza, Holiday Inn, Holiday Inn Select and Holiday Inn Express), 12 are Marriott brands (Marriott, Courtyard by Marriott, SpringHill Suites by Marriott and Residence Inn by Marriott), 4 are Hilton brands (Hilton and Doubletree Club) and 3 are affiliated with two other nationally recognized franchisors. Two hotels are independent, unbranded properties. For more information about Lodgian, visit the company’s Web site: www.lodgian.com.