FCH Felcor Lodging Trust Incorporated (delisted)

P. Schoenfeld Asset Management L.P. (“PSAM”) and Perella Weinberg Partners Capital Management LP (“PWPCM”) today announced that two of the nation’s leading independent proxy advisory firms—Glass Lewis & Co. and PROXY Governance, Inc.—have recommended that holders of FelCor Lodging Trust Incorporated (NYSE:FCH) preferred shares vote FOR the election of the independent nominees, Christopher J. Hartung and C. Brian Strickland, by voting the WHITE proxy. The analyses and reports of these independent firms are relied upon by major institutional investment firms, mutual and pension funds and other fiduciaries.

FelCor suspended dividends on its preferred stock in March 2009. The dividend payment date of July 31, 2010 was the sixth dividend payment date for which dividends on the preferred stock have not been paid. Accordingly, preferred stockholders are currently entitled, pursuant to the preferred stock’s terms, to elect two new directors to the FelCor Board.

FelCor has called a special meeting of preferred stockholders for the sole purpose of electing two new directors. The Special Meeting is scheduled to be held on November 15, 2010.

PSAM and PWPCM urge all preferred holders to exercise their right to elect two new independent directors by voting their shares today on their WHITE proxy card. If you have any questions or need assistance voting your shares, please contact Innisfree M&A Incorporated toll-free at (888) 750-5834 (banks and brokers call collect at (212) 750-5833).

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