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Cleveland, Ohio, October 19, 2004—Boykin Management Company announces the appointment of David Pickens to the position of Director of Financial Reporting and Analysis at its headquarters, located in Cleveland, Ohio.

In his new role as Director of Financial Reporting and Analysis, David will develop new reporting tools and will be leading a new key initiative to evaluate existing reporting tools and reports to develop a plan for migration to the new PeopleSoft platform. David will also continue spearheading the PeopleSoft implementation for the company along with the members of the PeopleSoft implementation team. David will also continue with his current job responsibilities of assisting the financial and operational management team members at both the property level as well as the corporate office in maintaining current analytical tools.

Mr. Pickens joined the Boykin Management Company team in February of 2002 with 25 years of experience in the resort, hotel and travel industries, bringing a wealth of experience. David has held positions as Regional Controller for GF Management and Area Controller for Crossroads Hospitality. David also spent over five years with Interstate Hotels holding Controller positions at four different properties across the United States as well as holding a Controller position with Omni Hotels Corporation. Prior to Interstate, David spent ten years with the Hilton Hotels Corporation.

David is a graduate of the University of South Carolina, holding a Bachelor of Science in Business Administration with an emphasis in Accounting, and continues to be a value added member of Boykin Management Company.

About the Company:
Boykin Management Company operates first-class, upscale hotels, condominium hotels, and resorts throughout the United States. Since 1958, Boykin has built a leadership reputation in the hotel industry with a solid foundation of experience in hotel operation, management, and development. Boykin Management currently operates 29 hotels, with 8,028 rooms in 16 states, with hotels operating under the Marriott, Hilton, Embassy Suites, Doubletree, Radisson, Holiday Inn and Hampton Inn brands, among others. In addition, Boykin Management operates a unique collection of independent hotels and resorts. For more information about Boykin Management Company please visit our website at: www.boykin.com.

Contact: Boykin Management Company at (216) 241-6375.
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