Lodgian Shares Fall On 'going Concern' Questions

NEW YORK (AP) — Shares of Lodgian Inc. dropped sharply on Friday after the company's auditors raised "substantial doubt" about whether the hotel owner and operator can continue operating as a going concern.

Lodgian shares dropped 23 cents, or 10.7 percent, to $1.92 in afternoon trading. The stock has traded between $1.19 and $11.93 during the past 52 weeks.

Lodgian owns and manages a portfolio of 40 hotels, including 20 under InterContinental Hotels Group brands like Crowne Plaza and Holiday Inn. ...