Lodgian To Be Acquired By Lone Star Funds | wsj.com

Ailing hotel owner and operator Lodgian Inc. (LGN) agreed to a $54 million takeover by real-estate private-equity firm Lone Star Funds. Lodgian Chief Executive Daniel E. Ellis said Friday that the deal will provide shareholders with "meaningful value" and will bring some financial strength to the firm's assets. The real-estate investment trust has had trouble paying debt on loans backed by its properties.