FelCor Announces Preliminary 2015 Year-to-Date Hotel Operating Statistics
06 Abril 2015 - 5:22PM
Business Wire
FelCor Lodging Trust Incorporated (NYSE: FCH) reported today its
preliminary hotel operating statistics for the three months ended
March 31, 2015, compared to the same period in the prior year.
Three Months Ended March 31,
2015 2014 Change
Occupancy(a) 75.1 % 70.7 % 6.2 % Average Daily Rate(a) $ 177.03 $
166.09 6.6 % RevPAR(a) $ 132.90 $ 117.46 13.1 %
(a) Reflects 43 same-store hotels.
“We are extremely pleased with our strong year-to-date results,
which are significantly ahead of our expectations. Lodging
fundamentals continue to be robust and our same-store RevPAR growth
continues to outperform the industry," said Richard A. Smith,
President and Chief Executive Officer of FelCor. “We are also
making great progress on completing the sales of our remaining
non-strategic hotels. We have sold three hotels during 2015,
including one in March, and three of the five remaining hotels are
under contract to be sold.”
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. FelCor partners with leading
hotel companies to operate its hotels, which are flagged under
globally renowned brands 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. These
forward-looking statements are identified by their use of terms and
phrases such as “anticipate,” “believe,” “could,” “estimate,”
“expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,”
“will,” “continue” and other similar terms and phrases, including
references to assumptions and forecasts of future results.
Forward-looking statements are not guarantees of future
performance. Numerous risks and uncertainties, and the occurrence
of future events, may cause actual results to differ materially
from those anticipated at the time the forward-looking statements
are made. Current economic circumstances or an economic slowdown
and the impact on the lodging industry, operating risks associated
with the hotel business, relationships with our property managers,
risks associated with our level of indebtedness and our ability to
meet debt covenants in our debt agreements, our ability to complete
acquisitions, dispositions and debt refinancing, the availability
of capital, the impact on the travel industry from security
precautions, our ability to continue to qualify as a Real Estate
Investment Trust for federal income tax purposes and numerous other
factors may affect future results, performance and achievements.
Certain of these risks and uncertainties are described in greater
detail in our filings with the Securities and Exchange Commission.
Although we believe our current expectations to be based upon
reasonable assumptions, we can give no assurance that our
expectations will be attained or that actual results will not
differ materially. 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,
972-444-4912Senior Vice President Strategic Planningsschafer@felcor.com
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