Document:

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                                                                  EXHIBIT 10.11

                              SEPARATION AGREEMENT

                  This Separation Agreement (the "Agreement") is made and
entered into as of February 9, 2001, by and between Lodgian, Inc., a Delaware
corporation with its principal offices located in Atlanta, Georgia (the
"Company"), and Robert S. Cole, an individual resident of Georgia (the
"Executive").

                      STATEMENT OF BACKGROUND INFORMATION

         A.       Executive is employed as President and Chief Executive
Officer and serves as a member of Company's Board of Directors, and Executive
and Company are parties to an Employment Agreement dated as of December, 1998
(the "Employment Agreement").

         B.       Executive has, with Company's consent, resigned his position
as President and Chief Executive Officer of Company, effective as of February
9, 2001 (the "Effective Date").

         C.       Company intends to retain Executive to perform certain
services following the Effective Date under different terms of employment as
set forth in this Agreement.

         D.       Executive and Company desire to enter into this Agreement to
settle fully and finally any differences that might arise under the Employment
Agreement, Executive's employment and termination of employment with Company,
and Executive's rendering of services to Company after the Effective Date.

                             STATEMENT OF AGREEMENT

                  In consideration of the mutual covenants and obligations set
forth herein, the receipt and adequacy of which are expressly acknowledged, the
parties to this Agreement, intending to be legally bound, hereby agree as
follows:

         1.       Termination of Employment Agreement. (a) Termination Date.
The Employment Agreement, and Executive's employment thereunder, shall
terminate on the Effective Date. Executive shall continue to serve as a
non-officer employee through March 2, 2001 (the "Employment Termination Date")
and thereafter as a member of Company's Board of Directors and as a consultant
providing transition assistance and strategic and financial advisory services
to Company's Chief Executive Officer (the "Consulting Services").

                  (b)      Severance Payment. Within ten (10) days following
the Employment Termination Date, Company shall pay to Executive in immediately
available funds the sum of $750,000, subject to applicable tax withholding
requirements, in full settlement of all amounts due Executive by reason of the
termination of the Employment Agreement (but excluding any amounts or benefits
due under Company's benefit plans, including COBRA benefits and 401(k) plan
benefits).

         2.       Consulting Arrangement. (a) Term of Engagement. Executive's
Consulting Services to Company shall commence March 3, 2001, and shall continue
until the first to occur of (i) Company's notification of Executive that
Executive's Consulting Services are no longer

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required by Company; (ii) Executive's death or incapacity; or (iii) March 31,
2002 (the "Consulting Period"). Throughout the Consulting Period, Executive
shall be available in Atlanta, Georgia to perform the Consulting Services as
Company may reasonably request, subject to reasonable advance notice.

                  (b)      Compensation for Consulting Services. As
compensation in full for Executive's Consu lting Services, Company shall pay
Executive in immediately available funds the sum of $750,000 on or before March
8, 2001 (the "Consulting Fee"). Employee shall be treated as an independent
contractor for all purposes associated with the consulting arrangement
contemplated by this Section 2, including employment and income tax purposes.
Executive shall be reimbursed for any expenses, including travel costs,
incurred at Company's request.

                  (c)      Office Facility. Company shall continue to provide
through April 27, 2001, office space and administrative assistance to Executive
at Company's principal office in Atlanta, Georgia at a level substantially
equivalent to that provided immediately prior to the Effective Date, regardless
of the duration of the Consulting Period. Thereafter, Executive shall be
responsible for his own office and office expenses associated with the
provision of the Consulting Services.

                  (d)      Director Compensation. Notwithstanding any provision
of this Agreement, Executive will receive from Company the compensation and
benefits accorded outside directors of Company for so long as Executive
continues to serve as a director of Company.

         3.       Confidentiality and Non-Solicitation Covenants. Executive
will comply with the provisions of Section 13 of the Employment Agreement
(dealing with confidentiality and nondisclosure) in all respects as though the
Employment Agreement terminated at the end of the Consulting Period, and
Company shall continue to have all legal and equitable remedies available to it
under the Employment Agreement to enforce Executive's compliance with such
provisions.

         4.       Mutual Release. (a) Release of Company. Except for the
obligations of Company under this Agreement and any benefits to which Executive
is entitled under any employee benefit plan sponsored or maintained by Company,
Executive, for himself, his successors, assigns, attorneys, and all those
entitled to assert his rights, now and forever hereby releases and discharges
Company and its respective officers, directors, stockholders, trustees,
employees, agents, parent corporations, subsidiaries, affiliates, estates,
successors, assigns and attorneys, (the "Released Parties") from any and all
claims, actions, causes of action, sums of money due, suits, debts, liens,
covenants, contracts, obligations, costs, expenses, damages, judgments,
agreements, promises, demands, claims for attorney's fees and costs, or
liabilities whatsoever, in law or in equity ("Claims"), which Executive ever
had or now has against the Released Parties, including any Claims arising by
reason of or in any way connected with any employment relationship or
Employment Agreement which existed between Company, or any of its parents,
subsidiaries, affiliates, or predecessors, and Executive. It is understood and
agreed that this Agreement is intended to cover all Claims which may be traced
either directly or indirectly to the aforesaid employment relationship, any
change in Executive's position, title, or responsibility during that
relationship, and the termination of that relationship, that Executive has,
had, or purports to have,

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from the beginning of time to the present, whether known or unknown, that now
exists, no matter how remotely they may be related to the aforesaid employment
relationship, including, but not limited to, Claims for employment
discrimination under federal or state law; Claims arising under Title VII of
the Civil Rights Act, 42 U.S.C. ss. 2000(e), et seq., the Americans With
Disabilities Act, 42 U.S.C. ss. 12101 et seq. or the Age Discrimination in
Employment Act, 29 U.S.C. ss. 621, et seq.; Claims for statutory or common law
wrongful discharge; Claims for attorney's fees, expenses and costs; Claims for
defamation; Claims for intentional infliction of emotional distress; Claims for
wages; and Claims for any contingent development fee obligations incurred by
Company in connection with the Servico/Impac merger.

                  (b)      Release of Executive. Company, for itself, its
successors, assigns, attorneys, and all those entitled to assert its rights,
now and forever hereby releases and discharges Executive from any and all
Claims which Company ever had or now has against Executive, including any
Claims arising by reason of or in any way connected with Executive's employment
relationship with Company, whether known or unknown.

         5.       Confidentiality and Non-Disparagement. Executive and Company
covenant and warrant that they have not and will not disclose or publish,
verbally, in writing or otherwise, to any person or entity the amount of
consideration passing pursuant to this Agreement, or any other term or
consideration passing pursuant to this Agreement. The parties specifically
except from this limitation the following: as to Executive, his tax advisor(s),
his immediate family, and the Internal Revenue Service; as to Company, its
attorneys, accountants, directors, and only those employees determined to have
a bona fide need to know the information, in Company's good faith
determination, as well as any disclosures required by state or Federal law or
stock exchange regulation, including but not limited to the Securities and
Exchange Act of 1934 and New York Stock Exchange. Executive and Company further
covenant and warrant that neither will make any statements or comments of a
defamatory or disparaging nature to third parties, including Company's
customers or potential employers of Executive, regarding Executive, Company or
its directors, officers, personnel, or products.

         6.       Indemnification of Executive. Company shall not limit,
restrict, rescind or otherwise modify its policies governing indemnification of
Company's directors and officers in any manner that adversely affects
Executive, and all indemnification obligations of Company to Executive,
including those arising under the Employment Agreement and under the Amended
and Restated Plan of Merger dated July 22, 1998 by and between Company,
Servico, Inc., Impac Hotel Group, L.L.C. and the other parties thereto, shall
survive in accordance with the terms in effect immediately prior to the
Effective Date.

         7.       Legal Expenses. (a) Negotiation and Preparation. All
reasonable costs and expenses, including fees and disbursements of counsel,
incurred by Executive in the negotiation and preparation of this Agreement up
to $10,000 shall be promptly paid on behalf of, or reimbursed to, Executive by
Company.

                  (b)      Enforcement. If Executive incurs legal or other fees
and expenses in an effort to secure, preserve or establish entitlement to
compensation or benefits under this Agreement, Company shall reimburse
Executive for such fees and expenses within ten (10) days after his request for
reimbursement accompanied by evidence that the fees and expenses have

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been incurred. If Executive does not prevail (after exhaustion of all available
judicial remedies) in respect of the claim asserted by Executive, and if
Company establishes before a court of competent jurisdiction, by clear and
convincing evidence, that Executive had no reasonable basis for such claim and
acted in bad faith, no reimbursement of such fees and expenses incurred
directly in respect of such claim shall be due Executive and Executive shall
refund to Company any such amounts previously reimbursed with respect to such
claim.

         8.       Entire Agreement. This Agreement embodies the entire
agreement of the parties and supercedes any prior written or oral agreement
between the parties, including, without limitation, the Employment Agreement.
This Agreement may not be changed or terminated orally but only by an agreement
in writing signed by the parties hereto.

         9.       Waiver. The waiver by Company of a breach of any provision of
this Agreement by Executive shall not operate or be constituted as a waiver of
any subsequent breach by him. The waiver by Executive of a breach of any
provision of this Agreement by Company shall not operate or be construed as a
waiver of any subsequent breach by Company.

         10.      Governing Law. This Agreement shall be subject to, and
governed by, the internal laws of the State of Georgia, without regard to
choice of law principles.

         11.      Assignability; Successors. The obligations of Executive may
not be delegated and, Executive may not, without Company's written consent
thereto, assign, transfer, convey, pledge, encumber, hypothecate or otherwise
dispose of this Agreement or any interest herein. Any such attempted delegation
or disposition shall be null and void and without effect. Company and Executive
agree that this Agreement and each of Company's rights and obligations
hereunder shall be assumed by and binding upon any corporation or other
business entity which succeeds to the assets or conducts the business of
Company, whether directly or indirectly, by purchase, merger, consolidation or
otherwise (a "Successor"). In the event that another corporation or other
business entity becomes a Successor of Company, then the Successor shall, by an
agreement in form and substance reasonably satisfactory to Executive, expressly
assume and agree to perform this Agreement in the same manner and to the same
extent as Company would be required to perform if there had been no Successor.

         12.      Construction and Enforcement. In construing and enforcing
this Agreement, the following rules shall be followed:

                  (a)      Control of Drafting. Each provision of this
Agreement shall be construed simply according to its fair meaning and not
strictly for or against either party. No consideration shall be given to the
fact or presumption that any party had a greater or lesser hand in drafting
this Agreement.

                  (b)      Captions. In construing and enforcing this
Agreement, no consideration shall be given to the captions of the articles,
sections or subsections of this Agreement, which are inserted for convenience
in locating the provisions of this Agreement and not as an aid in its
construction.

                  (c)      Including. The word "include" and its syntactical
forms mean "include, but are not limited to," and corresponding syntactical
forms. The principle of ejusdem generis

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shall not be used to limit the scope of the category of things illustrated by
the items mentioned in a clause introduced by the word "including."

                  (d)      Definitions. A defined term has its defined meaning
throughout this Agreement, regardless of where in this Agreement it is defined.

                  (e)      Internal Cross-References. Unless otherwise noted,
reference to a Section means a section of this Agreement and may be understood
to mean, for example, "Section 2 of this Agreement." The term Section is used
variously to identify entire Sections (as in "Section 2," subsections (as in
"Section 2(a)" and clauses (as in "Section 2(a)(i).")

         13.      Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original, but all of which
taken together shall constitute one and the same instrument.

         14.      Time. Time is of the essence of this Agreement.

                  IN WITNESS WHEREOF, the parties hereto have duly executed
this Agreement as of the date first above written.

                                     LODGIAN, INC.

                                     By:
                                        ---------------------------------------
                                        Chairman
                                        Joseph C. Calabro

                                        ---------------------------------------
                                                 Robert S. Cole

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                                                                    EXHIBIT 10.7

                               SIXTH AMENDMENT TO
                          SECOND AMENDED AND RESTATED
                        AGREEMENT OF LIMITED PARTNERSHIP
                                       OF
                           POST APARTMENT HOMES, L.P.

         This Sixth Amendment to Second Amended and Restated Agreement of
Limited Partnership of Post Apartment Homes, L.P. (this "Amendment") is entered
into as of September 22, 2000, by and among Post GP Holdings, Inc. (the
"General Partner") and the Limited Partners of Post Apartment Homes, L.P. All
capitalized terms used herein, and not otherwise defined herein, shall have the
meanings given to them in the Second Amended and Restated Agreement of Limited
Partnership of Post Apartment Homes, L.P., dated October 24, 1997, as amended
to date (the "Partnership Agreement").

         WHEREAS, the Fifth Amendment to Second Amended and Restated Agreement
of Limited Partnership of Post Apartment Homes, L.P. (the "Fifth Amendment")
was entered into as of September 3, 1999 (the "Fifth Amendment Effective Date");

         WHEREAS, Section 5(a) of the Fifth Amendment substituted a new Exhibit
C to the Partnership Agreement in place of the then-existing exhibit relating
to special allocation rules; and

         WHEREAS, the General Partner and the Limited Partners now wish to make
a correction to the language of the last sentence of Section 1.F. of Exhibit C
to the Partnership Agreement so that such language is consistent with the
original intent and agreement of the General Partner and the Limited Partners
in adopting the Fifth Amendment;

         NOW THEREFORE, in consideration of the premises and for other good and
valuable consideration, the receipt and sufficiency of which hereby are
acknowledged, the parties hereto agree as follows:

         Exhibit C to the Partnership Agreement is hereby deleted in its
entirety and the attached Exhibit C is substituted therefor. The attached
Exhibit C shall be effective as of the Fifth Amendment Effective Date.
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         IN WITNESS WHEREOF, the parties hereto have executed the Amendment
under seal as of the date first written above.

                                 GENERAL PARTNER:

                                 POST GP HOLDINGS, INC.,
                                 a Georgia corporation

                                 By: John T. Glover
                                     -----------------------------------
                                     Name: John T. Glover
                                     Title: Vice Chairman

                                 Attest: Sherry W. Cohen
                                         -------------------------------
                                         Name: Sherry W. Cohen
                                         Title: Executive Vice President

                                 LIMITED PARTNERS:

                                 POST LP HOLDINGS, INC.,
                                 a Georgia corporation,
                                 as attorney-in-fact for the
                                 Limited Partners

                                 By: John T. Glover
                                     -----------------------------------
                                     Name: John T. Glover
                                     Title: Vice Chairman

                                 Attest: Sherry W. Cohen
                                         -------------------------------
                                         Name: Sherry W. Cohen
                                         Title: Executive Vice President

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                                   EXHIBIT C

                            SPECIAL ALLOCATION RULES

1.       Special Allocation Rules

         Notwithstanding any other provision of the Agreement or this Exhibit
C, the following special allocations shall be made in the following order:

         A.        Minimum Gain Chargeback.  Notwithstanding the provisions of
Section 6.1 of the Agreement or any other provisions of this Exhibit C, if
there is a net decrease in Partnership Minimum Gain during any Partnership
Year, each Partner shall be specially allocated items of Partnership gross
income and gain for such year (and, if necessary, subsequent years) in an
amount equal to such Partner's share of the net decrease in Partnership Minimum
Gain, as determined under Regulations Section 1.704-2(g). Allocations pursuant
to the previous sentence shall be made in proportion to the respective amounts
required to be allocated to each Partner pursuant thereto. The items to be so
allocated shall be determined in accordance with Regulations Section
1.704-2(f)(6). This Section 1.A is intended to comply with the minimum gain
chargeback requirements in Regulations Section 1.704-2(f) and for purposes of
this Section 1.A only, each Partner's Adjusted Capital Account Deficit shall be
determined prior to any other allocations pursuant to Section 6.1 of this
Agreement with respect to such Partnership Year and without regard to any
decrease in Partner Minimum Gain during such Partnership Year.

         B.        Partner Minimum Gain Chargeback.  Notwithstanding any other
provision of Section 6.1 of the Agreement or any other provisions of this
Exhibit C (except Section 1.A hereof), if there is a net decrease in Partner
Minimum Gain attributable to a Partner Nonrecourse Debt during any Partnership
Year, each Partner who has a share of the Partner Minimum Gain attributable to
such Partner Nonrecourse Debt, determined in accordance with Regulations Section
1.704-2(i)(5), shall be specially allocated items of Partnership gross income
and gain for such year (and, if necessary, subsequent years) in an amount equal
to such Partner's share of the net decrease in Partner Minimum Gain attributable
to such Partner Nonrecourse Debt, determined in accordance with Regulations
Section 1.704-2(i)(5). Allocations pursuant to the previous sentence shall be
made in proportion to the respective amounts required to be allocated to each
Partner pursuant thereto. The items to be so allocated shall be determined in
accordance with Regulations Section 1.704-2(i)(4). This Section 1.B is intended
to comply with the minimum gain chargeback requirement in such Section of the
Regulations and shall be interpreted consistently therewith. Solely for purposes
of this Section 1.B, each Partner's Adjusted Capital Account Deficit shall be
determined prior to any other allocations pursuant to Section 6.1 of the
Agreement or this Exhibit C with respect to such Partnership Year, other than
allocations pursuant to Section 1.A hereof.

         C.        Qualified Income Offset.  In the event any Partner
unexpectedly receives any adjustments, allocations or distributions described
in Regulations Sections 1.704-
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1(b)(2)(ii)(d)(4), 1.704-1(b)(2)(ii)(d)(5), or 1.704-1(b)(2)(ii)(d)(6), and
after giving effect to the allocations required under Sections 1.A and 1.B
hereof, such Partner has an Adjusted Capital Account Deficit, items of
Partnership gross income and gain shall be specifically allocated to such
Partner in an amount and manner sufficient to eliminate, to the extent required
by the Regulations, its Adjusted Capital Account Deficit created by such
adjustments, allocations or distributions as quickly as possible.

         D.       Nonrecourse Deductions. Nonrecourse Deductions for any
Partnership Year shall be allocated to the Partners in accordance with their
respective Percentage Interests in Common Partnership Units. If the General
Partner determines in its good faith discretion that Nonrecourse Deductions for
any Partnership Year must be allocated in a different ratio to satisfy the safe
harbor requirements of the Regulations promulgated under Section 704(b) of the
Code, the General Partner is authorized, upon notice to the Limited Partners, to
revise the prescribed ratio for such Partnership Year to the numerically closest
ratio which does satisfy such requirements.

         E.       Partner Nonrecourse Deductions. Any Partner Nonrecourse
Deductions for any Partnership Year shall be specially allocated to the Partner
who bears the economic risk of loss with respect to the Partner Nonrecourse Debt
to which such Partner Nonrecourse Deductions are attributable in accordance with
Regulations Section 1.704-2(i)(2).

         F.       Priority Allocation With Respect To Preferred Partnership
Units. All or a portion of the remaining items of Partnership gross income or
gain for the Partnership Year, if any, shall be specially allocated to the
Partners holding Preferred Partnership Units in an amount equal to the excess,
if any, of the cumulative distributions received by each such Partner pursuant
to Section 5.1(i) hereof for the current Partnership Year and all prior
Partnership Years (other than any distributions that are treated as being in
satisfaction of the Liquidation Preference Amount for any Preferred Partnership
Units) over the cumulative allocations of Partnership gross income and gain to
such Partner under this Section 1.F for all prior Partnership Years (such
allocations being made in proportion to the respective excess amounts for each
such Partner). For purposes of making the priority allocation required by this
Section 1.F., all Partnership distributions payable in respect of any series of
Preferred Partnership Units which are declared by the General Partner on or
before the end of a Partnership Year but which are paid within 31 calendar days
after the end of such Partnership Year shall be deemed to have been paid on the
last day of such Partnership Year.

         G.       Code Section 754 Adjustments. To the extent an adjustment to
the adjusted tax basis of any Partnership asset pursuant to Section 734(b) or
743(b) of the Code is required, pursuant to Regulations Section
1.704-1(b)(2)(iv)(m), to be taken into account in determining Capital Accounts,
the amount of such adjustment to the Capital Accounts shall be treated as an
item of gain (if the adjustment increases the basis of the asset) or loss (if
the adjustment decreases such basis), and such item of gain or loss shall be
specially allocated to the Partners in a manner consistent with the manner in
which
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their Capital Accounts are required to be adjusted pursuant to such Section of
the Regulations.

         2.       Allocations for Tax Purposes

         A.       Except as otherwise provided in this Section 2, for federal
income tax purposes, each item of income, gain, loss and deduction shall be
allocated among the Partners in the same manner as its correlative item of
"book" income, gain, loss or deduction is allocated pursuant to Section 6.1 of
the Agreement and Section 1 of this Exhibit C.

         B.       In an attempt to eliminate Book-Tax Disparities attributable
to a Contributed Property or Adjusted Property, items of income, gain, loss, and
deduction shall be allocated for federal income tax purposes among the Partners
as follows:

                  1.       In the case of a Contributed Property, such items
                           attributable thereto shall be allocated

                           a.     among the Partners in a manner consistent
                                  with the principles of Section 704(c) of the
                                  Code that takes into account the variation
                                  between the 704(c) Value of such property and
                                  its adjusted basis at the time of
                                  contribution; and

                           b.     any item of Residual Gain or Residual Loss
                                  attributable to a Contributed Property shall
                                  be allocated among the Partners in the same
                                  manner as its correlative item of "book" gain
                                  or loss is allocated pursuant to Section 6.1
                                  of the Agreement and Section 1 of this Exhibit
                                  C.

                  2.       In the case of an Adjusted Property, such items
                           attributable thereto shall be allocated,

                           a.     first, among the Partners in a manner
                                  consistent with the principles of Section
                                  704(c) of the Code to take into account the
                                  Unrealized Gain or Unrealized Loss
                                  attributable to such property and the
                                  allocations thereof pursuant to Exhibit B;

                           b.     second, in the event such property was
                                  originally a Contributed Property, among the
                                  Partners in a manner consistent with Section
                                  2.B.(1) of this Exhibit C; and

                           c.     any item of Residual Gain or Residual Loss
                                  attributable to an Adjusted Property shall be
                                  allocated among the Partners in the same
                                  manner as its correlative item of "book" gain
                                  or

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                                  loss is allocated pursuant to Section 6.1 of
                                  the Agreement and Section 1 of this Exhibit C.

                  3.     All other items of income, gain, loss and deduction
                         shall be allocated among the Partners in the same
                         manner as their correlative item of "book" gain or loss
                         is allocated pursuant to Section 6.1 of the Agreement
                         and Section 1 of this Exhibit C.

         C.     To the extent Regulations promulgated pursuant to Section 704(c)
of the Code permit a partnership to utilize alternative methods to eliminate the
disparities between the agreed value of property and its adjusted basis
(including, without limitation, the implementation of curative allocations),
the General Partner shall have the authority to elect the method to be used by
the Partnership and such election shall be binding on all Partners.

Without limiting the foregoing, the General Partner shall take all steps
(including, without limitation, implementing curative allocations) that it
determines are necessary or appropriate to ensure that the amount of taxable
gain required to be recognized by the General Partner upon a disposition by the
Partnership of any Contributed Property or Adjusted Property does not exceed the
sum of (i) the gain that would be recognized by the General Partner if such
Property had an adjusted tax basis at the time of disposition equal to the
704(c) Value of such property; plus (ii) the deductions for depreciation,
amortization or other cost recovery actually allowed to the General Partner with
respect to such property for federal income tax purposes (after giving effect to
the "ceiling rule").

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