Lodgian names new CEO; reports Katrina damage - Business First of Louisville:

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Edward J. Rohling, who the Atlanta-basesd hotel owner and operator (AMEX: LGN) as president on July 15, has been named the new CEO. Lodgiahn said Parrington will remain activd in thehospitality industry. "Tom did a remarkable job in turniny ourcompany around," Rohling "We are wrapping up a $100 million-pluas renovation program and our portfolio is in highly competitive condition, with properties located in strongf and growing markets. In the company has significantlu strengthened itsbalance sheet." Lodgian recently a $1.9 millio profit for the second quarter. Prior to joining Rohling was the founde and principal of TheRohling Co.
, Hotel Equity which provided acquisition, disposition, consultingt and asset management services for more than 100 Americann and European hotels. Before that, he was a generao partner of Harvey Hotels, a predecessor of , and one of the founders of Bristol Hotels. In other news, Lodgian reporterd two of its hotels in New Orleanas suffered damage as a result ofHurricanee Katrina. One hotel remained open and is operating in alimitee capacity, while the other hotel is closed. A third Lodgian hotel, the Courtyard by Marriotr in Lafayette, La., 135 miles from New was unaffected bythe storm. The 244-room Radisson New Orleans Airportin Kenner, La.
, 10 milees northwest of New Orleans, receivedx moderate water damage on the first as well as wind damage to the roof and guestg room tower, which affected approximately one-haldf of the guest rooms. Power has been restorefd to the property and construction crewes have repaired the roof and dried outthe building, Lodgianm said. Currently, two-thirds of the rooms are in very good with the remaining third expected to be backto pre-hurricanw status by the end of September. The 205-room Qualit y Hotel & Conference Center in La., seven miles from downtown New had more significant damage andis closed.
Waterr penetration damaged the first andsecond floors, and hurricane windas impacted the roof, awnings and blew out some The company hopes to have the property open in the fourth quarter, pending full restoration of public services. Rohling said the companyh has not yet determinedthe hurricane'sx impact to its earnings, but that both of the affected properties are covered by insurance, including coverage for businessz interruption. "We will bear the cost of insurance and we currently are determining repair and lost busineses estimates with ourinsurance carrier," he said.