FelCor Announces Sale of Three Non-Strategic Hotels
14 Julho 2015 - 5:07PM
Business Wire
FelCor Lodging Trust Incorporated (NYSE: FCH) today announced
that it sold the 274-room Embassy Suites Charlotte (which was owned
50% in a joint venture), the 216-room Embassy Suites San Antonio-NW
I-10 and the 260-room Embassy Suites Austin-Central for aggregate
gross proceeds of $90 million. FelCor is using asset sale proceeds
to repay outstanding debt.
FelCor has nearly completed its portfolio repositioning plan,
with 38 non-strategic hotels sold for aggregate gross proceeds of
$884 million. FelCor has executed contracts to sell the two
remaining non-strategic hotels (both of which have non-refundable
deposits) and expects to sell both in the third quarter of this
year.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150714006179/en/
FelCor Lodging Trust IncorporatedStephen A. Schafer,
972-444-4912Senior Vice Presidentsschafer@felcor.com
Felcor Lodging (NYSE:FCH)
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