“RiskMetrics Group Recommends Lodgian Stockholders Vote 'FOR' Proposed Merger with LSREF Lodging Investments, LLC (PR Newswire via Yahoo! Finance)” plus 2 more |
- RiskMetrics Group Recommends Lodgian Stockholders Vote 'FOR' Proposed Merger with LSREF Lodging Investments, LLC (PR Newswire via Yahoo! Finance)
- China Lodging raises $110.3 million in IPO (AP via Yahoo! Finance)
- Great Lodging Deals for a Warm Vacation Destination by Award-Winning Lodging Directory Rentalo.com (PRWeb via Yahoo! News)
| Posted: 26 Mar 2010 06:02 AM PDT ATLANTA, March 26 /PRNewswire-FirstCall/ -- Lodgian, Inc. ( As previously announced, under the terms of the merger agreement, LSREF will acquire all of the outstanding common stock of Lodgian for $2.50 per share in an all-cash transaction, which represents a premium of approximately 67.2 percent over Lodgian's average closing share price during the trading period of one calendar month prior to January 15, 2010 and 64.3 percent over Lodgian's average closing share price during the trading period of six calendar months prior to January 15, 2010. Lodgian urges stockholders to follow the recommendation of RiskMetrics by signing, dating and returning the company's proxy card today. Lodgian stockholders who have questions or require assistance voting their shares should contact the company's proxy solicitor, Innisfree M&A, toll-free at (888) 750-5834 (banks and brokers may call collect at (212) 750-5833). The vote of Lodgian's stockholders is very important regardless of the number of shares of common stock they own. Whether or not stockholders are able to attend the special meeting of the stockholders (the "Special Meeting") in person, to ensure their votes are counted, stockholders are urged to vote by telephone or Internet as soon as possible. If stockholders fail to return their proxy cards, fail to register their vote by telephone or Internet, fail to attend the Special Meeting and vote in person, or fail to instruct their broker on how to vote, it will have the same effect as a vote against approval of the merger and the merger agreement. About Lodgian Lodgian is one of the largest independent owners and operators of full-service hotels in the United States. The company currently owns and manages a portfolio of 27 hotels with 5,230 rooms located in 18 states. Of the company's 27-hotel portfolio, as of today, 13 are InterContinental Hotels Group brands (Crowne Plaza and Holiday Inn), 8 are Marriott brands (Marriott, Courtyard by Marriott, SpringHill Suites by Marriott and Residence Inn by Marriott), two are Hilton brands, and four are affiliated with other nationally recognized franchisors including Starwood, Wyndham, and Carlson. For more information about Lodgian, visit the company's website: www.lodgian.com. Additional Information and Where to Find it In connection with the proposed merger and required shareholder approval, Lodgian filed a definitive proxy statement with the U.S. Securities and Exchange Commission (the "SEC") on March 5, 2010. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER RELEVANT MATERIALS BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT LODGIAN AND THE MERGER. Investors and security holders may obtain free copies of these documents and other documents filed with the SEC at the SEC's web site at www.sec.gov. In addition, the documents filed by Lodgian with the SEC may be obtained free of charge by contacting Lodgian, Inc., Attn: Investor Relations, 3445 Peachtree Road NE, Suite 700, Atlanta, Georgia 30326, Telephone: 404-364-9400. Our filings with the SEC are also available on our website at www.lodgian.com. Participants in the Solicitation Lodgian and its officers and directors may be deemed to be participants in the solicitation of proxies from Lodgian's shareholders with respect to the merger. Information about Lodgian's officers and directors and their ownership of Lodgian's common shares is set forth in the definitive proxy statement filed with the SEC. In addition, information about Lodgian's directors, executive officers and members of management is contained in Lodgian's most recent proxy statement and annual report on Form 10-K, which are available on Lodgian's website and at www.sec.gov. Cautionary Note Regarding Forward-looking Statements This press release contains forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical facts, including, among others, statements regarding the anticipated merger with LSREF, Lodgian's expectations regarding returning certain hotels to lenders, anticipated cost reductions, optional maturity extensions, property dispositions, future financial position, business strategy, projected performance and financing needs, are forward-looking statements. Those statements include statements regarding the intent, belief or current expectations of Lodgian and members of its management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as "may," "will," "seeks," "anticipates," "believes," "estimates," "expects," "plans," "intends," "should" or similar expressions. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that actual results may differ materially from those contemplated by such forward-looking statements. Many of these factors are beyond Lodgian's ability to control or predict. Such factors include, but are not limited to, any conditions imposed in connection with the merger, approval of the merger agreement by the stockholders of Lodgian, the satisfaction of various other conditions to the closing of the merger contemplated by the merger agreement, the effects of regional, national and international economic conditions, our ability to refinance or extend maturing mortgage indebtedness, competitive conditions in the lodging industry and increases in room supply, requirements of franchise agreements (including the right of franchisors to immediately terminate their respective agreements if we breach certain provisions), our ability to complete planned hotel dispositions, the ability to realize anticipated cost reductions, the effects of unpredictable weather events such as hurricanes, the financial condition of the airline industry and its impact on air travel, the effect of self-insured claims in excess of our reserves and our ability to obtain adequate insurance at reasonable rates, and other factors discussed under Item IA (Risk Factors) in Lodgian's Form 10-K for the year ended December 31, 2009. Lodgian assumes no duty to update these statements. Management believes these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations. All written and oral forward-looking statements attributable to Lodgian or persons acting on its behalf are qualified in their entirety by these cautionary statements. Further, forward-looking statements speak only as of the date they are made, and Lodgian undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time unless otherwise required by law. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| China Lodging raises $110.3 million in IPO (AP via Yahoo! Finance) Posted: 26 Mar 2010 06:00 AM PDT NEW YORK (AP) -- Chinese hotel chain China Lodging Group Ltd. priced 9 million American Depository Shares at $12.25 apiece Friday, at the top of its expected range, raising $110.3 million. The company had hoped to price the initial public offering between $10.25 and $12.25. Each ADS represents four ordinary shares. China Lodging operates HanTing economy hotels in China. It has said proceeds from the IPO will be used to expand its hotel network and for general corporate purposes. As of Dec. 31, the company had 236 hotels and 28,360 rooms in 39 cities across China. Underwriters, including China Lodging will begin trading Friday under the symbol "HTHT" on the Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Posted: 26 Mar 2010 07:00 AM PDT The Online Vacation Rentals and Lodgings Web site Lists Special Deals on Sunny Destinations with Discounts of up to 28% off on Selected Inventory in California, Florida, and South Carolina Miami, FL (Vocus) March 26, 2010 -- Travelers in search of a good deal for their next vacation will be glad to know that Rentalo.com, the worldwide leading vacation lodging website, is currently listing numerous discounts in beach and sunny destinations. Starting at 10% off, Rentalo visitors will find special deals in Florida, California, South Carolina, and the Caribbean as well as in 15,000 vacation destinations worldwide. San Diego Vacation Rentals Special Deal 10% OFF– From $31.40 per person per night Located only steps from Mission Bay, this charming vacation rental offers guests a private fence yard with gas BBQ, an outdoor bay view eating area, two bedrooms, and two bathrooms. It can sleep up to five people comfortably and includes a fully equipped kitchen, ceiling fans, and a fireplace. The special offer is available until May 29th, 2010 and requires a minimum stay of three nights. More information is available at Rentalo.com, ID 2877. Daytona Beach Vacation Rentals Special Deal 12% OFF– From $18.75 per person per night This lovely Daytona Beach vacation condo is located right on the beach and walking distance to the main street pier. Guests of this studio will enjoy a balcony with ocean view, a king size bed, internet access, and a fully equipped kitchen. Nearby attractions include windsurfing, spelunking, parasailing, and more. All theme parks are only one hour away. The condo can sleep up to four people comfortably. Pictures, detailed information, and a short inquiry form are available at Rentalo.com, ID 340900. North Redington Beach Vacation Rentals Special Deal 28% OFF– From $56.25 per person per night This amazing North Redington Beach monthly vacation rental is an exclusive property on the beachfront that offers guests a Clubhouse, three swimming pools, and three heated spas. There is also a work- out facility with equipment located in the main clubhouse building. The vacation rental features two bedrooms and two bathrooms, and can sleep up to four guests comfortably. The special deal is available until April 14th and requires a minimum stay of seven nights. More information is available at Rentalo.com, ID 14999. Myrtle Beach Vacation Apartment Special Deal 28% OFF– From $10 per person per night This beautiful non-smoking Myrtle Beach apartment offers guests a screened back porch, a patio, a small grill, and a fully equipped kitchen. It has three bedrooms and two and a half bathrooms and can sleep up to eight people comfortably. It is located behind Whispering Pine Golf Course and only blocks from the famous Grand Strand. More information is available at Rentalo.com, ID 345260. Sanibel Vacation Condos Special Deal 25% OFF– From $35.83 per person per night Located in Sanibel Harbour Resort, this 1,603 square foot luxury second floor condominium has two bedrooms and two bathrooms. It is equipped with an extra-large private lanai that wraps around two sides of the unit and offers beautiful views of the bay, Sanibel, and Captiva Islands. The vacation rental has two bedrooms and two bathrooms and can sleep up six guests comfortably. The special deal is available until April 30th, 2010 and requires a minimum stay of 7 nights. More information can be found at Rentalo.com, ID 111237. According to Gabriel Amorocho, marketing manager at Rentalo.com, "At www.Rentalo.com, we are committed to helping vacation renters find the best values on vacation lodgings. We are currently updating our website with the latest special deals to make it possible for families to vacation in this tough economy." About Rentalo.com # # # Rentalo.com Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
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