Boykin Lodging Announces 2001 Dividend Allocation

Press Release: Boykin Lodging Company
January 10, 2002
CLEVELAND, OH -- Boykin Lodging Company (NYSE: BOY), a hotel real estate investment trust with a portfolio of 33 full-service hotels, announced yesterday that the characterization of its 2001 dividends for income tax reporting purposes are:

    Declaration   Record   Paid    Dividend Per  2001 Ordinary  2001 Return
      Dates       Dates    Dates      Share         Income      Of Capital

    12/13/00    12/31/00  02/05/01    $0.365       $0.1792       $0.1858
    03/15/01    03/30/01  05/03/01    $0.365       $0.1792       $0.1858
    06/15/01    06/29/01  08/02/01    $0.365       $0.1792       $0.1858
    10/04/01    10/15/01  11/06/01    $0.365       $0.1792       $0.1858

                Totals:               $1.460       $0.7167       $0.7433


Boykin Lodging Company's CUSIP number is 103430104. No part of the dividends in 2001 represented foreign taxes or capital gains.

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 33 hotels containing a total of 9,249 rooms located in nineteen states, and operating under such internationally known brands as Doubletree, Marriott, Hilton, Radisson and Embassy Suites, among others. For more information about Boykin Lodging Company, visit the company's web site at www.boykinlodging.com .

SOURCE: Boykin Lodging Company