Document:

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                                                                  EXHIBIT 10.2.4

                                 CROSS-GUARANTY

            THIS CROSS-GUARANTY (this "Agreement" or "Guaranty"), made as of
June 25, 2004, from the parties listed as Guarantors on the signature pages
hereto (collectively, the "Guarantors"), each having an address at c/o Lodgian,
3445 Peachtree Road NE, Suite 700, Atlanta, Georgia 30326 to MERRILL LYNCH
MORTGAGE LENDING, INC., a Delaware corporation, having an office at Four World
Financial Center, 16th Floor, 250 Vesey Street, New York, New York 10080
(together with its successors and assigns, "Lender").

                                   WITNESSETH:

            WHEREAS, Lender has agreed to make three (3) loans (respectively,
the "Pool 2 Loan," "Pool 3 Loan," and "Pool 4 Loan," and collectively, the
"Loans") to the respective borrowers described on Exhibit A (respectively, the
"Pool 2 Borrowers," "Pool 3 Borrowers," and "Pool 4 Borrowers," and
collectively, the "Borrowers"), in the amounts set forth on Exhibit A; and

            WHEREAS, to evidence the respective Loans, the respective Borrowers
have executed and delivered those certain Promissory Notes, each dated as of the
date hereof, in the principal amounts of the respective Loans (respectively,
"Note 2," "Note 3" and "Note 4," and collectively, the "Notes"), pursuant to
those certain Loan and Security Agreements, each dated as of the date hereof,
among the respective Borrowers and Lender as more particularly described on
Exhibit A (respectively, "Loan Agreement 2," "Loan Agreement 3" and "Loan
Agreement 4," and collectively, the "Loan Agreements"); and

            WHEREAS, capitalized terms used but not otherwise defined herein
shall have the respective meanings given thereto in the respective Loan
Agreements or Guarantor Loan Agreement (hereinafter defined), as applicable; and

            WHEREAS, the Notes shall be secured by, among other things, the
Mortgages encumbering the Properties; and

            WHEREAS, simultaneously with the making of the Loans, Guarantors are
obtaining a loan in the amount of $63,801,000 (the "Guarantor Loan") from Lender
pursuant to that certain Loan and Security Agreement, dated as of the date
hereof, by and between the Guarantors and Lender (the "Guarantor Loan
Agreement"; and together with the other documents and agreements evidencing
and/or securing the Guarantor Loan, collectively, the "Guarantor Loan
Documents"); and

            WHEREAS, it is a condition precedent to Lender making the Guarantor
Loan to Guarantors that Guarantors, among other things, guaranty the Loans
pursuant to this Guaranty and grant to Lender Mortgages on the Properties (as
defined in the Guarantor Loan Agreement, and hereinafter referred to as the
"Guarantor Properties") as security for their obligations hereunder; and

            WHEREAS, Guarantors shall derive substantial economic benefits from
the simultaneous making of the Guarantor Loan and Loans by Lender to Guarantors
and Borrowers, respectively; and

            WHEREAS, as a condition precedent to the making of the Loans,
Borrowers have agreed to procure and deliver to Lender this Agreement; and

Cross-Guaranty (Fixed 1)

<PAGE>

            WHEREAS, Lender has declined to make the Loans or the Guarantor Loan
unless this Agreement is duly executed by Guarantors and delivered to Lender.

            NOW, THEREFORE, in consideration for, and as an inducement to,
Lender's making the Loans and the Guarantor Loan, and for other good and
valuable consideration the legal sufficiency of which and receipt thereof are
hereby acknowledged, and notwithstanding any provision to the contrary contained
in the Guarantor Loan Agreement, the Guarantor Loan Documents, the Loan
Agreements, the Notes, the Mortgages or any of the other Loan Documents, but
subject to the provisions of Article XII of the Guarantor Loan Agreement, Lender
and Guarantors do hereby agree as follows:

            1.    Guarantors, on behalf of themselves and their successors and
assigns (collectively, "Successors") do hereby absolutely, unconditionally,
irrevocably and personally: (i) guaranty to Lender the full and prompt payment
and performance when due of the Loans and all other Obligations of the Borrowers
under the Loan Agreements and (ii) agree to reimburse Lender for, and hold
Lender harmless from and against, any and all losses, damages, claims, expenses,
deficiencies, liabilities and costs (including, without limitation, reasonable
attorneys' fees and disbursements) incurred, suffered or sustained by Lender
and/or its successors and assigns as a result of or arising out of, in
connection with or resulting from, the enforcement of this Agreement against
Guarantors (the obligations of Guarantors under clauses (i) and (ii) above being
referred to hereinafter, collectively, as "Guarantors' Obligations").

            Notwithstanding the foregoing, or anything else to the contrary
contained herein, in the event that any of the Guarantors shall become an
Excluded Borrower and the Guarantor Loan shall become an Excluded Loan pursuant
to Lender's election under Section 2.12(G) of the Guarantor Loan Agreement to
cause any of the Loans to no longer be secured by the Guarantor Properties, this
Guaranty shall automatically terminate and shall be of no further force or
effect.

            2.    It is agreed that the obligations of Guarantors hereunder
shall be primary and this Agreement shall be enforceable against Guarantors and
their Successors without the necessity for any suit or proceeding of any kind or
nature whatsoever brought by Lender against Borrowers or their respective
successors or assigns or any other party or against any security for the payment
of the Guarantors' Obligations and without the necessity of any notice of
non-payment or non-observance or of any notice of acceptance of this Agreement
or of any notice of demand to which Guarantors might otherwise be entitled
(including, without limitation, diligence, presentment, notice of maturity,
extension of time, protest, notice of dishonor or default, change in nature or
form of the Guarantors' Obligations, acceptance of further security, release of
further security, imposition or agreement arrived at as to the amount of or the
terms of the Guarantors' Obligations, notice of adverse change in Borrowers'
financial condition and any other fact that might materially increase the risk
to Guarantors), all of which Guarantors hereby expressly waive. Guarantors
hereby expressly agree that the validity of this Agreement and the obligations
of Guarantors hereunder shall in no way be terminated, affected, diminished,
modified or impaired by reason of the assertion of or the failure to assert by
Lender against Borrowers, or their successors or assigns, any of the rights or
remedies reserved to Lender pursuant to the provisions of the Guarantor Loan
Agreement, the Loan Agreements, the Notes, the Mortgages or any other Loan
Documents.

            3.    Guarantors waive, and covenant and agree that they will not at
any time insist upon, plead or in any manner whatsoever claim or take the
benefit or advantage of, any and all appraisal, valuation, stay, extension,
marshaling-of-assets or redemption laws, or right of homestead or exemption,
whether now or at any time hereafter in force, that may delay, prevent or
otherwise affect the performance by Guarantors of their obligations under, or
the enforcement by Lender of, this Agreement. Guarantors further covenant and
agree not to set up or claim any defense, counterclaim, cross-claim, offset,
set-off, right of recoupment, or other objection of any kind to any action, suit
or proceeding in law, equity or otherwise, or to any demand or claim that may be
instituted or made by Lender hereunder other than the

                                       2

Cross-Guaranty (Fixed 1)

<PAGE>

defense of the actual timely performance of Guarantors' Obligations hereunder.
Guarantors represent, warrant and agree that, as of the date hereof, their
obligations under this Agreement are not subject to any counterclaims,
cross-claims, rights of recoupment, offsets or affirmative or other defenses of
any kind against Lender.

            4.    Guarantors agree that any notice or directive given at any
time by Guarantors to Lender that is inconsistent with any waiver contained in
this Agreement shall be void and may be ignored by Lender, and, in addition, may
not be pleaded or introduced as evidence in any litigation relating to this
Agreement for the reason that such pleading or introduction would be at variance
with the written terms of this Agreement, unless Lender has specifically agreed
otherwise in a writing, signed by a duly authorized officer. Guarantors
specifically acknowledge and agree that the foregoing waivers are of the essence
of the Loan transaction and that, but for this Agreement and such waivers,
Lender would not make the Loans to Borrowers.

            5.    The provisions of this Agreement are for the benefit of Lender
and its successors and assigns, and nothing herein contained shall impair, as
between Borrowers and Lender, the obligations of Borrowers under the Loan
Agreements, the Notes, the Mortgages or any of the other Loan Documents.

            6.    This Agreement shall be a continuing guaranty and the
liability of Guarantors hereunder shall in no way be terminated, affected,
modified, impaired or diminished (to the extent permitted by law) by reason of
the happening, from time to time, of any of the following, although without
notice or the further consent of Guarantors:

            (a)   any assignment, amendment, modification or waiver of or change
      in any of the terms, covenants, conditions or provisions of the Guarantor
      Loan Agreement, the Loan Agreements, the Notes, the Mortgages or any of
      the other Loan Documents or the invalidity or unenforceability of any of
      the foregoing; or

            (b)   any extension of time that may be granted by Lender to
      Borrowers, Guarantors or Guarantors' Successors; or

            (c)   any action that Lender or Borrowers may take or fail to take
      under or in respect of any of the Loan Documents or by reason of any
      waiver of, or failure to enforce any of the rights, remedies, powers or
      privileges available to Lender under this Agreement or available to Lender
      at law, equity or otherwise, or any action on the part of Lender or
      Borrowers granting indulgence or extension in any form whatsoever; or

            (d)   any dealing, transaction, matter or thing occurring between
      Lender, Borrowers, Guarantors or Guarantors' Successors; or

            (e)   any sale, exchange, release, or other disposition of any
      property pledged, Mortgaged or conveyed, or any property in which Lender
      has been granted a lien or security interest to secure any indebtedness of
      Borrowers to Lender; or

            (f)   any release of any person or entity who may be liable in any
      manner for the payment and collection of any amounts owed by Borrowers to
      Lender (including the other Guarantors); or

            (g)   the application of any sums by whomsoever paid or however
      realized to any amounts owing by Borrowers to Lender in such manner as
      Lender shall determine in its sole discretion; or

                                        3

Cross-Guaranty (Fixed 1)

<PAGE>

            (h)   any Event of Default (as such term is defined in the Guarantor
      Loan Agreement and the Loan Agreements), whether or not Lender has
      exercised any of its rights and remedies as set forth in the Guarantor
      Loan Agreement or the Mortgages upon the happening of any such Event of
      Default; or

            (i)   Borrowers' and/or Guarantors' voluntary or involuntary
      liquidation, dissolution, sale of all or substantially all of their
      respective assets and liabilities, appointment of a trustee, receiver,
      liquidator, sequestrator or conservator for all or any part of Borrowers'
      or Guarantors' assets, insolvency, bankruptcy, assignment for the benefit
      of creditors, reorganization, arrangement, composition or readjustment, or
      the commencement of other similar proceedings affecting Borrowers or
      Guarantors or any of the assets of either of them, including, without
      limitation, (A) the release or discharge of Borrowers from the payment and
      performance of their obligations under any of the Loan Documents by
      operation of law, or (B) the impairment, limitation or modification of the
      liability of Borrowers, their partners or Guarantors in bankruptcy, or of
      any remedy for the enforcement of the Guarantors' Obligations, under any
      of the Loan Documents, or Guarantors' liability under this Agreement,
      resulting from the operation of any present or future provisions of the
      Federal Bankruptcy Code or other present or future federal, state or
      applicable statute of law or from the decision in any court; or

            (j)   any change in or termination of the ownership interest of
      Guarantors in Borrowers (whether direct or indirect); or

            (k)   any conveyance of the Mortgaged Properties, whether or not
      pursuant to a foreclosure sale, a deed in lieu of foreclosure, a transfer
      through bankruptcy, or otherwise.

            7.    Guarantors acknowledge that this Guaranty and Guarantors'
Obligations are and shall at all times continue to be absolute, unconditional
and irrevocable in all respects, and shall at all times be valid and enforceable
irrespective of any other agreement or circumstances of any nature whatsoever
that might otherwise constitute a defense to this Guaranty or the obligations of
any other person or party (including, without limitation, Borrower or any other
guarantor) relating to this Guaranty or the obligations of Guarantors hereunder.

            8.    Guarantors agree that if at any time all or any part of any
payment at any time received by Lender from Borrowers or Guarantors under or
with respect to this Agreement is or must be rescinded or returned by Lender for
any reason whatsoever (including, without limitation, the insolvency, bankruptcy
or reorganization of Borrowers or Guarantors), then Guarantors' Obligations
hereunder shall, to the extent of the payment rescinded or returned, be deemed
to have continued in existence notwithstanding such previous receipt by Lender,
and Guarantors' Obligations hereunder shall continue to be effective or
reinstated, as the case may be, as to such payment, as though such previous
payment to Lender had never been made.

            9.    Until repayment of the Indebtedness (as such term is defined
in the Guarantor Loan Agreement and the Loan Agreements) and satisfaction of all
of the obligations under the Guarantor Loan Agreement, Guarantors and each of
them (a) shall have no right of subrogation against Borrowers, general partner
of any Borrower that is a limited partnership or any other Guarantor by reason
of any payments or acts of performance by a Guarantor in compliance with the
obligations of a Guarantor hereunder; (b) shall have no right of indemnity,
contribution, or any other right or cause of action whatsoever under law or
equity against any other Guarantor by reason of any payments or acts of
performance by a Guarantor in compliance with the obligations of a Guarantor
hereunder; (c) hereby waive any right to enforce any remedy that any Guarantors
now or hereafter shall have against Borrowers, general partner of any Borrower
that is a limited partnership or any other Guarantor by reason of any one

                                        4

Cross-Guaranty (Fixed 1)

<PAGE>

or more payments or acts of performance in compliance with the obligations of a
Guarantor hereunder; (d) shall subordinate any liability or indebtedness of
Borrowers, general partner of any Borrower that is a limited partnership or any
Guarantor now or hereafter held by any Guarantor or any affiliate of a Guarantor
to the obligations of Borrowers, general partner of any Borrower that is a
limited partnership or Guarantor to Lender under the Loan Documents; and (e)
shall not file, assert or receive payment on any claim, whether now existing or
hereafter arising, against Borrowers, general partner of any Borrower that is a
limited partnership or any Guarantor in the event of the commencement of a case
by or against Borrowers, general partner of any Borrower that is a limited
partnership or any Guarantor under federal or state insolvency laws.

            10.   Guarantors represent and warrant to Lender, with the knowledge
that Lender is relying upon the same, as follows:

            (a)   Guarantors are solvent and have the legal right to enter into
      this Agreement and to perform their obligations under the terms hereof;

            (b)   to the best of Guarantors' knowledge, there is no action,
      suit, proceeding or investigation pending or threatened against or
      affecting Guarantors at law, in equity, in admiralty or before any
      arbitrator or any governmental department, commission, board, bureau,
      agency or instrumentality (domestic or foreign) that is likely to result
      in any material adverse change in the property, assets or condition
      (financial or otherwise) of Guarantors or that is likely to impair
      materially the ability of Guarantors to perform their obligations under
      this Agreement; and

            (c)   all financial statements that have heretofore been furnished
      by Guarantors to Lender in connection with this Agreement, are true,
      correct and complete; and fairly present the financial condition of
      Guarantors, all as of the respective dates thereof.

            11.   Guarantors and Lender acknowledge and agree that this
Agreement is a guaranty of payment and performance and not of collection and
enforcement in respect of any of the Guarantors' Obligations.

            12.   Lender may freely assign any or all of its rights under this
Agreement, but any such assignment shall be made only to the subsequent holder
of any of the Notes and no such assignment shall increase Guarantors'
Obligations or diminish its rights hereunder. In the event of any such
assignment, the consent of Guarantors shall not be required for any such
assignment and failure to give notice of such assignment shall not affect the
validity or enforceability of any such assignment or subject Lender to any
liability and Guarantors shall continue to remain bound by and obligated to
perform under and with respect to this Agreement. Guarantors shall not assign
any of their obligations under this Agreement without the prior consent of the
Lender.

            13.   The representations, warranties and obligations of Guarantor
set forth in this Agreement shall survive until this Agreement shall terminate
in accordance with the terms hereof.

            14.   This Agreement contains the entire agreement between the
parties hereto with respect to the subject matter hereof and supersedes all
prior agreements relating to such subject matter and may not be modified,
amended, supplemented or discharged except by a written agreement signed by
Guarantors and Lender. This Agreement also may be discharged by full performance
of the Guarantors' Obligations in accordance with the terms hereof, or as
otherwise provided herein.

            15.   If all or any portion of any provision contained in this
Agreement shall be determined to be invalid, illegal or unenforceable in any
respect for any reason, such provision or portion

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<PAGE>

thereof shall be deemed stricken and severed from this Agreement and the
remaining provision and portions thereof shall continue in full force and
effect.

            16.   All notices, requests, demands and other communications under
or in connection with this Agreement shall be in writing and shall be deemed to
have been given or made (i) three (3) days after the date such notice is mailed,
(ii) on the next Business Day if sent by a nationally recognized overnight
courier service, (iii) on the date of delivery by personal delivery and (iv) on
the date of transmission if sent by telefax during business hours on a Business
Day (otherwise the next Business Day). Notices shall be addressed as follows:

            If to Guarantors:     The address listed above

            With a copy to:       Morris Manning & Martin, LLP
                                  3343 Peachtree Rd., NE
                                  1600 Atlanta Financial Center
                                  Atlanta, Georgia  30326
                                  Attn.:  Thomas Gryboski, Esq.
                                  Facsimile: (404) 365-9532

            If to Lender:         The address listed above

            With a copy to:       Sidley Austin Brown & Wood LLP
                                  787 Seventh Avenue
                                  New York, New York  10019
                                  Attn.:  Robert L. Boyd, Esq.
                                  Facsimile: (212) 839-5599

The above addresses may be changed on written notice given as hereinabove
provided. Notices may be sent by a party hereto or on its behalf by its
attorney.

            17.   This Agreement shall be binding upon Guarantors and their
Successors and shall inure to the benefit of Lender and its successors and
assigns.

            18.   The failure of Lender to enforce any right or remedy
hereunder, or promptly to enforce any such right or remedy, shall not constitute
a waiver thereof, nor give rise to any estoppel against Lender, nor excuse
Guarantors from their obligations hereunder. Any waiver of any such right or
remedy to be enforceable against Lender must be expressly set forth in writing
signed by Lender.

            19.   (a) Any suit initiated by Lender against Guarantors or in
      connection with or arising, directly or indirectly, out of or relating to,
      this Agreement (an "Action") may, at Lender's option, be brought in any
      state or federal court in the State of New York, or any state or federal
      court in which the property is located, having jurisdiction over the
      subject matter hereof. Guarantors hereby submit themselves to the
      jurisdiction of any such court and agree that service of process against
      Guarantors in any such action may be effected by any means permissible
      under federal law or under the laws of the state in which such Action is
      brought. Guarantors hereby agree that insofar as is permitted under
      applicable law, this consent to personal jurisdiction shall be
      self-operative and no further instrument or action, other than service of
      process in one of the manners specified in this Guaranty, or as otherwise
      permitted by law, shall be necessary in order to confer jurisdiction upon
      Guarantors.

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<PAGE>

            (b)   Guarantors agree that, provided that service of process is
      effected upon Guarantors in any manner permitted by law, Guarantors
      irrevocably waive, to the fullest extent permitted by law, and agree not
      to assert, by way of motion, as a defense or otherwise, (i) any objection
      that Guarantors may have or may hereafter have to the laying of the venue
      of any Action brought in any court as provided for by this Agreement, (ii)
      any claim that any Action brought in any such court has been brought in an
      inconvenient forum, or (iii) any claim that Guarantors are not personally
      subject to the jurisdiction of such court. Guarantors agree that, provided
      that service of process is effected upon Guarantors in one of the manners
      specified in this Guaranty or as otherwise permitted by law, a final
      judgment from which Guarantors have not appealed or may not appeal in any
      Action brought in any such court shall be conclusive and binding upon
      Guarantors and may, so far as permitted under applicable law, be enforced
      in the courts of any state or any federal court or in any other courts to
      the jurisdiction of which it is subject, by a suit upon such judgment and
      that Guarantors shall not assert any defense, counterclaim or set-off in
      any such suit upon such judgment.

            (c)   To the extent that Guarantors have or hereafter may acquire
      any immunity from jurisdiction of any court or from any legal process
      (whether through service or notice, attachment before judgment, attachment
      in aid of execution, execution or otherwise) with respect to Guarantors or
      Guarantors' property, Guarantors hereby irrevocably waive such immunity in
      respect of its obligations under this Agreement.

            (d)   As a further inducement to Lender's making of the Loans to
      Borrowers, and in consideration thereof, Lender and Guarantors each
      covenant and agree that in any action or proceeding brought on, under or
      by virtue of this Agreement, Lender and Guarantors each shall and do
      hereby unconditionally and irrevocably waive trial by jury.

            (e)   Guarantors hereby further covenant and agree to and with
      Lender that Guarantors may be joined in any action against Borrowers in
      connection with the Guarantor Loan Agreement, the Loan Agreements, the
      Notes, the Mortgages, or any of the other Loan Documents, solely with
      respect to the subject matter of this Agreement.

            (f)   Guarantors covenant and agree to indemnify and save Lender
      harmless of and from, and defend it against, all losses, costs,
      liabilities, expenses, damages or claims suffered by reason of Guarantors'
      failure to perform its obligations hereunder.

            20.   All of Lender's rights and remedies under the Guarantor Loan
Agreement, the Loan Agreements, the Notes, the Mortgages or any of the other
Loan Documents or under this Agreement are intended to be distinct, separate and
cumulative and no such right or remedy therein or herein mentioned is intended
to be in exclusion of or a waiver of any other right or remedy available to
Lender.

            21.   Guarantors hereby consent that from time to time, before or
after any default by Borrower, with or without further notice to or assent from
Guarantors, any security at any time held by or available to Lender for any
obligation of Borrowers, or any security at any time held by or available to
Lender for any obligation of any other person or party secondarily or otherwise
liable for all or any portion of the Loans, may be exchanged, surrendered or
released and any obligation of Borrowers, or of any such other person or party,
may be changed, altered, renewed, extended, continued, surrendered, compromised,
waived or released in whole or in part, or any default with respect thereto
waived, and Lender may fail to set off and may release, in whole or in part, any
balance of any deposit account or credit on its books in favor of Borrowers, or
of any such other person or party, and may extend further credit in any manner
whatsoever to Borrowers, and generally deal with Borrowers or any such security
or other person or party as Lender may see fit; and Guarantors shall remain
bound under this Agreement

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<PAGE>

notwithstanding any such exchange, surrender, release, change, alteration,
renewal, extension, continuance, compromise, waiver, action, inaction, extension
of further credit or other dealing. This Agreement is independent of, and in
addition to, all collateral granted, pledged or assigned under the Loan
Documents.

            22.   The terms of this Agreement have been negotiated, and this
Agreement has been executed and delivered in the State of New York, and it is
the intention of the parties hereto that this Agreement be construed and
enforced in accordance with the laws of such State.

            23.   This Agreement may not be changed orally, but only by an
agreement in writing signed by the party against whom enforcement of any waiver,
change, modification or discharge is sought.

            24.   This Agreement may be executed in counterparts, which together
shall constitute the same instrument.

            25.   All representations, warranties, covenants (both affirmative
and negative) and all other obligations under this Guaranty shall be the joint
and several obligation of each of the Guarantors and any default under this
Guaranty by any Guarantor shall be deemed a default by all such Guarantors.

                         [NO FURTHER TEXT ON THIS PAGE]

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            IN WITNESS WHEREOF, Guarantor has executed and delivered this
Agreement as of the date and year first above written.

                                GUARANTORS:

                                IMPAC HOTELS I, L.L.C.
                                LODGIAN DENVER LLC
                                LODGIAN HOTELS FIXED I, LLC
                                MACON HOTEL ASSOCIATES, L.L.C.
                                SERVICO NORTHWOODS, INC.

                                By: /s/ Daniel E. Ellis
                                    --------------------------------------------
                                Name:  Daniel E. Ellis
                                Title: Vice President and Secretary, or
                                       Authorized Signatory for each of the
                                       entities listed above

Cross-Guaranty (Fixed 1)

<PAGE>

                                    EXHIBIT A

1.    Pool 2 Loan: Pursuant to a Loan and Security Agreement, dated as of the
      date hereof ("Loan Agreement 2"), between Albany Hotel, Inc., AMI
      Operating Partners, L.P., Apico Inns of GreenTree, Inc., Dedham Lodging
      Associates I, Limited Partnership, Lodgian Hotels Fixed II, Inc., Lodgian
      Augusta LLC, Lodgian Lafayette LLC and Lodgian Tulsa LLC (collectively,
      the "Pool 2 Borrowers") and Lender, Lender has made a loan in the amount
      of $67,864,000 ("Pool 2 Loan"), which Loan is evidenced by a Promissory
      Note dated as of the date hereof ("Note 2"), made by the Pool 2 Borrowers
      to Lender;

2.    Pool 3 Loan: Pursuant to a Loan and Security Agreement, dated as of the
      date hereof ("Loan Agreement 3"), between Lodgian Hotels Fixed III, LLC,
      Lodgian AMI, Inc., Minneapolis Motel Enterprises, Inc. and Servico Centre
      Associates, Ltd. (collectively, the "Pool 3 Borrowers") and Lender, Lender
      has made a loan in the amount of $66,818,500 ("Pool 3 Loan"), which Loan
      is evidenced by a Promissory Note, dated as of the date hereof ("Note 3"),
      made by the Pool 3 Borrowers to Lender; and

3.    Pool 4 Loan: Pursuant to a Loan and Security Agreement, dated as of the
      date hereof ("Loan Agreement 4"), between Lodgian Hotels Fixed IV, L.P.,
      Little Rock Lodging Associates I, Limited Partnership, Lodgian Fairmont
      LLC, NH Motel Enterprises, Inc., Servico Columbia, Inc. and Servico
      Houston, Inc. (collectively, the "Pool 4 Borrowers") and Lender, Lender
      has made a loan in the amount of $61,516,500 ("Pool 4 Loan") which Loan is
      evidenced by a Promissory Note, dated as of the date hereof ("Note 4"),
      made by the Pool 4 Borrowers to Lender.

Cross-Guaranty (Fixed 1)<PAGE>

                                                                  EXHIBIT 10.2.5

              CONDITIONAL ASSIGNMENT OF HOTEL MANAGEMENT AGREEMENT

                  This CONDITIONAL ASSIGNMENT OF HOTEL MANAGEMENT AGREEMENT,
dated as of June 25, 2004 (this "AGREEMENT"), made by LODGIAN MANAGEMENT CORP.,
a Delaware corporation, having an address at 3445 Peachtree Road, NE, Suite 700,
Atlanta, Georgia 30826 ("HOTEL MANAGER"), and the undersigned, each having an
address at c/o Lodgian, Inc., 3445 Peachtree Road, NE, Suite 700, Atlanta,
Georgia 30826 (each a "BORROWER and collectively, "BORROWERS"), to and for the
benefit of MERRILL LYNCH MORTGAGE LENDING, INC., a Delaware corporation, having
an office at Four World Financial Center, New York, New York 10080, its
successors, transferees and assigns ("LENDER").

                  A.       Hotel Manager has entered into a certain Management
Agreement (each a "CONTRACT" and collectively, the "CONTRACTS") with each
Borrower, a true, correct and complete copy of which has been delivered to
Lender on or prior to the date hereof and the form of which is attached hereto
as EXHIBIT A, providing for the performance by Hotel Manager of certain
management obligations more particularly described therein with respect to the
management and operation of the property as more particularly described therein
(each, a "PROPERTY" and collectively, the "PROPERTIES").

                  B.       This Agreement is being executed in order to amend
each Contract, to conditionally assign each Borrower's interest therein to
Lender, and to subordinate Hotel Manager's rights to payment under the Contracts
to Lender's lien on the Properties in connection with Lender's making a loan to
Borrowers and certain other borrowers (collectively, the "MORTGAGE BORROWERS")
in the original principal amount of up to Sixty Three Million Eight Hundred and
One Thousand and No/100 Dollars ($63,801,000.00) (the "LOAN") pursuant to that
certain Loan and Security Agreement, dated as of even date herewith (as amended,
modified or restated, the "LOAN AGREEMENT"), among Mortgage Borrowers and
Lender. The Loan is evidenced by a certain Promissory Note, dated of even date
herewith (as amended, modified or restated, and any replacements or substitutes
therefor, (by means of multiple notes or otherwise), the "NOTE"), made by
Mortgage Borrowers in favor of Lender and is secured by, among other things,
those certain Mortgages/Deeds of Trust/Deeds to Secure Debt, Assignments of
Leases and Rents and Security Agreements, dated as of even date herewith (as
amended, modified, restated, spread or consolidated, collectively, the "SECURITY
INSTRUMENT"), in favor of Lender (the Note, the Security Instrument, the Loan
Agreement, this Agreement and all other documents executed in connection with
the Loan are collectively referred to as the "LOAN DOCUMENTS"). All capitalized
terms used and not defined herein shall have the respective meanings given to
such terms in the Loan Agreement, a copy of which Hotel Manager hereby
acknowledges having received.

                  NOW, THEREFORE, in consideration of Ten and No/100 Dollars
($10.00) and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, Hotel Manager and Borrowers hereby represent,
warrant and covenant to Lender as follows:

<PAGE>

                  1.       As additional collateral security for the Loan, each
Borrower hereby conditionally transfers, sets over and assigns to Lender all of
such Borrower's right, title and interest in and to its Contract, said transfer
and assignment to automatically become a present, unconditional assignment, at
Lender's option, upon the occurrence and during the continuance of an Event of
Default by Borrowers under any of the Loan Documents.

                  2.       Hotel Manager hereby agrees that each Contract, all
rights, interests and privileges of Hotel Manager thereunder, and all management
fees and other payment obligations of each Borrower to Hotel Manager for
services rendered by Hotel Manager for the management and operation of its
Property, as such services are more particularly described in such Contract, are
hereby subordinated to the Loan Documents and the liens in favor of Lender
provided for therein, and to all rights of Lender to receive payment from
Borrowers under the Note and all other amounts which may be due Lender under the
Loan Documents. Hotel Manager recognizes and agrees that so long as the Note is
being paid in strict accordance with its terms and no Event of Default has
occurred and is continuing or will by virtue of payments to Hotel Manager occur,
Hotel Manager shall, subject to the requirements of the Loan Documents,
including any such requirements governing management and application of the
Properties and Borrower revenues and cash flow, be entitled to receive payments
provided for under such Contract in accordance with the terms thereof. Hotel
Manager hereby releases, discharges and waives any and all liens, claims,
demands of any kind or nature, against each Property, either now or in the
future, arising from the services provided by Hotel Manager for the management
and operation of such Property.

                  3.       In the event that such Borrower defaults under the
terms of its Contract, Hotel Manager agrees that before exercising any rights or
remedies with respect thereto, it will notify Lender of such default. Upon
Lender's request, Hotel Manager will continue to perform under such Contract
until such time as Lender may elect to terminate such Contract, provided that
Hotel Manager shall continue to receive all fees payable to it under such
Contract. Subject to the foregoing, Hotel Manager agrees that it shall not be
entitled to receive any management fee or other fee, commission or other amount
payable under the Contract or otherwise for and during any period of time that
any Event of Default has occurred and is continuing, provided that Hotel Manager
shall not be obligated to return or refund to Lender any management fee or other
fee, commission or other amount already received by Hotel Manager prior to the
occurrence of the Event of Default, and to which Hotel Manager was entitled
under paragraph 2 above. In all events, Hotel Manager recognizes that the
maximum amount that shall be due and payable under each Contract is the amount
stated therein (such amount being adequate to complete the services called for
in such Contract), and that Hotel Manager will not claim any incidental,
consequential, or exemplary damages of any nature as a condition to completing
its performance under the Contract.

                  4.       In the event that (a) Hotel Manager becomes
insolvent, or (b) an Event of Default occurs and is continuing, or (c) any
default occurs by Hotel Manager under the Management Agreement beyond the
expiration of any notice and cure periods, or (d) any other event occurs which,
under the terms of the Loan Documents, entitles Lender to direct Borrower to
replace Hotel Manager, Lender may exercise its rights under the Loan Documents
and direct any Borrower to terminate its Contract and/or to replace Hotel
Manager with a management company chosen by such Borrower and reasonably
acceptable to Lender. Upon receiving notice

                                       2
<PAGE>

of any such election, Hotel Manager shall abide by such direction to terminate
and cooperate with any replacement manager approved or designated by Lender. No
termination fee or other compensation shall be due or owing under such Contract
as a result of any such termination other than accrued unpaid fees.

                  5.       Without limiting the foregoing, subject to the second
sentence of paragraph 3 hereof, in the event Lender forecloses or otherwise
succeeds to the rights of any Borrower with respect to any Property, Lender
shall have the option upon written notice to Hotel Manager delivered within
thirty (30) days following foreclosure by Lender or other acquisition of such
Property by Lender, either to (a) terminate the applicable Contract without any
obligation or liability of Lender to pay the termination fees, if any; or (b)
continue such Contract in effect upon all of the terms and provisions provided
in such Contract, except that Lender shall have no obligation to pay any sums
due and owing under the Contract as of the date of foreclosure or other
acquisition of such Property, and Lender shall have the right after it elects to
continue such Contract under subparagraph (b) hereof to terminate such Contract
without cause upon thirty (30) days written notice to Hotel Manager without any
obligation or liability of Lender to pay the termination fees, if any other than
accrued unpaid fees. Hotel Manager acknowledges and agrees with Lender that
Lender has not assumed any obligations or liabilities of such Borrower to Hotel
Manager under such Contract. If Lender chooses not to continue any Contract
following a foreclosure or other acquisition of any Property, the only
compensation from Lender for which Hotel Manager shall be entitled under such
Contract shall be for the period commencing with the date of such foreclosure or
other acquisition and ending upon the subsequent termination by Lender of such
Contract. Notwithstanding the foregoing to the contrary, in the event Lender
forecloses or otherwise succeeds to the rights of any Borrower with respect to
its Property, upon Lender's request, Hotel Manager agrees to transfer and assign
to Lender, or its designee, to the extent possible, all applicable licenses
(including, without limitation, each liquor license and beer permit), permits
and approvals required for the use, occupancy, operation and maintenance of each
of the Property and held by or in the name of Hotel Manager, and, if requested
by Lender and permitted by applicable law, enter into such reasonable concession
or use agreements with Lender or its designee (subject to appropriate
indemnification) as are reasonably necessary to allow Lender or its designee to
offer, or cause to be offered, liquor and beer for sale at such Property. For
this purpose, Hotel Manager constitutes and appoints Lender its true and lawful
attorney-in-fact with full power of substitution to complete or undertake the
assignment of each of the items referenced in the preceding sentence in the name
of Hotel Manager pursuant to this paragraph 5. Such power of attorney shall be
deemed to be a power coupled with an interest and cannot be revoked.

                  6.       Hotel Manager agrees (a) not to resign as Hotel
Manager without ninety (90) days prior written notice to Lender, and (b) not to
amend any Contract in any material respect without Lender's prior written
approval, which approval shall not be unreasonably withheld or delayed.

                  7.       Hotel Manager acknowledges and agrees that any and
all rents, room rents, credit card receipts, other receipts, profits or other
sums, including any management fees in excess of the management fees to which
Hotel Manager is entitled pursuant to paragraph 2 hereof, and receipts derived
from the sale of alcoholic beverages (collectively herein called "PROPERTY
PROCEEDS") collected or received by Hotel Manager from the Properties are
subject to

                                       3
<PAGE>

a security interest of Lender pursuant to the Loan Documents, and shall be
collected and held by Hotel Manager in trust for the benefit of the applicable
Borrower and Lender. Any such Property Proceeds shall be deposited by Hotel
Manager within two (2) Business Days of receipt into a deposit account (the
"DEPOSIT ACCOUNT") in the name of the Lender and identified in that certain
Deposit Account Agreement or other similar agreement dated as of the date hereof
(as amended, restated, modified, replaced or supplemented from time to time,
each, a "DEPOSIT ACCOUNT AGREEMENT") among the applicable Borrower, Lender,
Hotel Manager and the bank named therein. Upon transfer of any such Property
Proceeds to Hotel Manager from the Lock Box Account (as defined in that certain
Cash Management Agreement dated as of even date herewith (as amended, restated,
modified, replaced or supplemented from time to time, the "CASH MANAGEMENT
AGREEMENT"), among Mortgage Borrowers, Lender, Hotel Manager and Wachovia Bank,
National Association) as directed by the applicable Borrower pursuant to Section
3.3 of the Cash Management Agreement, such Property Proceeds shall be used by
Hotel Manager for proper expenses and costs of managing and operating the
applicable Property as permitted under the applicable Contract, subject, in all
instances, to compliance with the Operating Budget and FF&E Budget then in
effect and limitations on distributions to Borrowers, each as more fully
described in the Loan Agreement. Hotel Manager hereby disclaims any and all
interests in the Deposit Account, the Lock Box Account (and any Sub-Accounts
thereof), the Property Operating Account and in any of the Property Proceeds.
Upon written notice from Lender that an Event of Default has occurred under the
Loan Agreement and/or other Loan Documents, Hotel Manager agrees to apply
Property Proceeds as instructed by Lender.

                  8.       Hotel Manager represents and warrants that (a) a
true, correct and complete copy of each Contract has been delivered to Lender on
or prior to the date hereof, the form of which is attached hereto as EXHIBIT A,
(b) each Contract is in full force and effect and has not been modified, amended
or assigned, except in favor of Lender or its predecessor-in-interest (c)
neither Hotel Manager nor, to Hotel Manager's knowledge, any Borrower is in
default under any of the terms, covenants or provisions of its Contract, and
Hotel Manager knows of no event which, with the giving of notice or the passage
of time, or both, would constitute a default under any Contract, (d) Hotel
Manager has no knowledge of and has not commenced any action or given or
received any notice for the purpose of terminating any Contract, and (e) all
management fees, commissions and other sums due and payable to the Hotel Manager
under each Contract as of the date hereof have been paid in full.

                  9.       This Agreement shall be deemed to be a contract
entered into pursuant to the laws of the State of New York and shall in all
respects be governed, construed, applied and enforced in accordance with the
laws of the State of New York.

                  10.      All notices, demands, requests, consents, approvals
or other communications required or permitted to be given hereunder shall be in
writing and shall be delivered to Lender and Borrowers at the addresses set
forth in Section 14.5 of the Loan Agreement and to Hotel Manager at the address
set forth on the first page hereof, with a copy to Morris Manning & Martin LLP,
Attention: Tom Gryboski, Esq., Fax: (404) 365-9532, each in the manner provided
in Section 14.5 of the Loan Agreement.

                  11.      This Agreement, and any provisions hereof, may not be
modified, amended, waived, extended, changed, discharged or terminated orally or
by any act or failure to

                                       4
<PAGE>

act on the part of Lender or any other party, but only by an agreement in
writing signed by the party against whom enforcement of any modification,
amendment, waiver, extension, change, discharge or termination is sought.

                  12.      If any term, covenant or condition of this Agreement
is held to be invalid, illegal or unenforceable in any respect, this Agreement
shall be construed without such provision. If any conflict exists between the
terms of this Agreement and the terms of the Loan Agreement, the terms of the
Loan Agreement shall prevail.

                  13. This Agreement may be executed in any number of duplicate
originals and each duplicate original shall be deemed to be an original. This
Agreement may be executed in several counterparts, each of which counterparts
shall be deemed an original and all of which together shall constitute a single
agreement. The failure of any party hereto to execute this Agreement, or any
counterpart hereof, shall not relieve the other signatories from their
obligations hereunder.

                  14. Whenever the context may require, any pronouns used herein
shall include the corresponding masculine, feminine or neuter forms, and the
singular form of nouns and pronouns shall include the plural and vice versa.

                  15. This Agreement shall be binding upon Hotel Manager and its
heirs, devisees, representatives, successors and assigns, and shall inure to the
benefit of and may be enforced by and binding upon Lender and its heirs,
successors, legal representatives, substitutes and assigns. Except as permitted
under the Loan Agreement, Hotel Manager shall not assign any of its rights or
obligations under this Agreement. Subject to the terms of the Loan Agreement,
Lender shall have the right to assign this Agreement and the obligations
hereunder in connection with any assignment or transfer of all or any portion of
the Loan or any interest therein. The parties hereto acknowledge that following
the execution and delivery of this Agreement, Lender may sell, transfer and
assign this Agreement and certain other Loan Documents. All references to
"Lender" hereunder shall be deemed to include the successors and assigns of
Lender and the parties hereto acknowledge that actions taken by Lender hereunder
may be taken by Lender's agents and by the agents of the successors and assigns
of Lender.

                  16. This Agreement is intended solely for the benefit of
Lender and its heirs, successors, legal representatives, substitutes and
assigns, and no third party shall have any right or interest in this Agreement,
nor any right to enforce this Agreement against any party hereto.

                  17. Hotel Manager acknowledges and agrees that pursuant to the
Loan Agreement, each Deposit Account Agreement and the Cash Management Agreement
(for purposes of this paragraph 17, collectively, the "AGREEMENTS") (the terms,
conditions and agreements of the Agreements being hereby incorporated herein
with the same force as is fully set forth herein), certain requirements are
specified with respect to the Property Proceeds and other payments due under any
Lease (as defined in the Security Instrument) or otherwise with respect to the
Properties, and Hotel Manager covenants and agrees to observe and, as and to the
extent applicable to Hotel Manager, perform all such requirements, including,
without limitation, ensuring that all Property Proceeds received by Hotel
Manager are properly deposited into the applicable Deposit Account.

                                       5
<PAGE>

                  18.      The obligations of Borrowers and Hotel Manager
hereunder are subject to limitations on recourse as provided in Article XII of
the Loan Agreement.

                                       6
<PAGE>

                  EXECUTED as of the day and year first above written.

                                    BORROWERS:

                                    IMPAC HOTELS I, L.L.C.
                                    LODGIAN DENVER, LLC
                                    LODGIAN HOTELS FIXED I, LLC
                                    MACON HOTEL ASSOCIATES, L.L.C.
                                    SERVICO NORTHWOODS, INC.

                                    By:/s/ Daniel E. Ellis
                                       ---------------------------------------
                                    Name:  Daniel E. Ellis
                                    Title: Vice President and Secretary, or
                                           Authorized Signatory for each of the
                                           entities listed above

<PAGE>

                                    HOTEL MANAGER:

                                    LODGIAN MANAGEMENT CORP.,
                                    a Delaware corporation

                                    By:/s/ Daniel E. Ellis
                                       ---------------------------------------
                                    Name:  Daniel E. Ellis
                                    Title: Vice President and Secretary

<PAGE>

                                    EXHIBIT A

                      COPY OF FORM OF MANAGEMENT AGREEMENT

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