FelCor Sells Two Non-Strategic Hotels
16 Setembro 2014 - 10:00AM
Business Wire
FelCor Lodging Trust Incorporated (NYSE: FCH) today announced
that it sold its 446-room Holiday Inn-Toronto Airport and 221-room
Embassy Suites Hotel-Indianapolis North for aggregate gross
proceeds of $29 million in separate transactions. FelCor is using
asset sale proceeds to repay outstanding debt.
FelCor continues to progress with its portfolio repositioning
plan. To date, FelCor has sold 30 non-strategic hotels for
aggregate gross proceeds of $655 million.
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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