Kronos Hotels Acquires 16 Properties

Kronos Hotels, LLC, an Atlanta-based hotel investment group, has acquired a portfolio of 16 hotels with approximately 3,100 rooms and annual sales approaching $60 million from Lodgian, Inc. (AMEX: LGN), one of the nation�s largest independent owners and operators of full-service hotels. In addition, Kronos has signed an agreement to purchase one additional Lodgian-owned hotel in a deal which is expected to close later this year.