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Bill Yung is in the home stretch.
The Northern Kentucky hotelier has signed an agreement that gives him 60 days to finalize the $133.6 million acquisition of Atlanta hotel chain Lodgian Inc. Yung has pursued the takeover for more than a year, starting with a $181 million offer in November 1999.
Since then, Lodgian has sold 23 properties at prices totaling $209 million as it copes with mounting losses and struggles to pay down nearly $900 million in long term debt. Despite that divestiture, Lodgian still has 114 hotels in the United States and Canada, including the Holiday Inn, in Queensgate and a handful of hotel properties in Florence and Fort Mitchell. By …