FelCor Agrees to Sell Holiday Inn in Santa Barbara
14 Maio 2013 - 5:05PM
Business Wire
FelCor Lodging Trust Incorporated (NYSE: FCH) today announced
that it has agreed to sell the 160-room Holiday Inn–Santa
Barbara/Goleta for $24 million. The purchaser has paid a
non-refundable deposit of $960,000 toward the purchase price.
FelCor expects the sale to close in June. FelCor expects to use all
of the proceeds to repay outstanding debt.
About FelCor
FelCor, a real estate investment trust, owns a diversified
portfolio of primarily upper-upscale and luxury hotels that are
located in major and resort markets throughout the U.S. FelCor
partners with leading hotel companies to operate its 66 hotels,
which are flagged under globally renowned names and premier
independent hotels. Additional information can be found on the
Company's website at www.felcor.com.
With the exception of historical information, the matters
discussed in this news release include “forward-looking statements”
within the meaning of the federal securities laws that are
qualified by cautionary statements herein and in FelCor’s filings
with the Securities and Exchange Commission. We undertake no
obligation to update any forward-looking statement to conform the
statement to actual results or changes in our expectations.
Felcor Lodging (NYSE:FCH)
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