Boykin Lodging Expands Credit Facility
01 7월 2005 - 10:00PM
PR Newswire (US)
Boykin Lodging Expands Credit Facility CLEVELAND, July 1
/PRNewswire-FirstCall/ -- Boykin Lodging Company (NYSE:BOY), a
hotel real estate investment trust, today announced that it has
amended and expanded its secured, revolving credit facility. The
principal amount of the facility was increased to $100 million and
four properties were added as security for the credit facility. The
Company also stated that it repaid the entire outstanding balance
of its original $108 million term loan which was scheduled to
mature in July 2005. Following repayment of the term loan, the
Company had $40 million outstanding on the credit facility. Boykin
Lodging Company is a real estate investment trust that focuses on
the ownership of full-service, upscale commercial and resort
hotels. The Company currently owns interests in 21 hotels
containing a total of 6,019 rooms located in 13 states, and
operating under such internationally known brands as Doubletree,
Marriott, Hilton, Radisson, Embassy Suites, and Courtyard by
Marriott among others. For more information about Boykin Lodging
Company, visit the Company's website at
http://www.boykinlodging.com/. Contact: Tara Szerpicki Investor
Relations Boykin Lodging Company (216) 430-1333 DATASOURCE: Boykin
Lodging Company CONTACT: Tara Szerpicki, Investor Relations of
Boykin Lodging Company, +1-216-430-1333, or Web site:
http://www.boykinlodging.com/
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