FelCor Sells the Embassy Suites Hotel in Atlanta
05 Fevereiro 2014 - 12:00PM
Business Wire
Enters into Agreement to Sell the Embassy
Suites Hotel in Bloomington
FelCor Lodging Trust Incorporated (NYSE: FCH) today announced
that it has sold its 232-room Embassy Suites hotel in Atlanta, GA
for $17.2 million.
The company also agreed to sell its 218-room Embassy Suites
hotel in Bloomington, MN for $24 million. The purchaser has paid a
non-refundable deposit toward the purchase price, and FelCor
expects the sale to close in March.
FelCor is using asset sales proceeds to repay outstanding debt,
including the $11 million loan secured by the Atlanta property.
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 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 Trust IncorporatedStephen A. Schafer,
972-444-4912Vice President Strategic Planning & Investor
Relationssschafer@felcor.com
Felcor Lodging (NYSE:FCH)
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