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Lodgian Hotels Facing $128M in Maturing Debt, Survival in Doubt

Accounting Firm Raises Doubts Over Atlanta-based Firm's Ability To Continue as a Going Concern

Awash in millions of dollars of maturing debt this year, Atlanta-based hotel operator Lodgian Inc. received an unqualified opinion from its accounting firm, Deloitte & Touche LLP, in its annual report for the year ended Dec. 31, 2008. Deloitte & Touche's opinion identified debt maturity problems that "raise substantial doubt about the company's ability to continue as a going concern."

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News | Lodgian Hotels Facing $128M in Maturing Debt, Survival in Doubt