FelCor Agrees to Sell Doubletree Suites in Charlotte
02 Abril 2014 - 10:16AM
Business Wire
FelCor Lodging Trust Incorporated (NYSE: FCH) today announced
that it has agreed to sell the 208-room Doubletree Suites Hotel
Charlotte-SouthPark for $37 million. The purchaser has paid a
$900,000 non-refundable deposit toward the purchase price. FelCor
expects the sale to close in May.
FelCor continues to progress with its portfolio repositioning
plan. The Company is currently negotiating contracts or has agreed
to sell four other hotels for aggregate proceeds of approximately
$80 million. FelCor will use the proceeds from selling these assets
to repay outstanding debt. To date, FelCor has sold 26
non-strategic hotels as part of its plan.
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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