FelCor to Sell Morgans and Royalton Hotels
29 Janeiro 2016 - 11:30AM
Business Wire
FelCor Lodging Trust Incorporated (NYSE: FCH) today announced
that it is in negotiations to sell its Morgans and Royalton hotels
in New York. Proceeds from these opportunistic asset sales will be
used to fund initiatives intended to create significant stockholder
value.
FelCor and Morgans Hotel Group, which operates the hotels, have
agreed that FelCor may sell the hotels unencumbered by management.
Morgans will continue to manage the properties for FelCor until
they are sold.
About FelCor
FelCor, a real estate investment trust, owns a diversified
portfolio of primarily upper-upscale and luxury hotels that are
located in major urban and resort markets throughout the U.S.
FelCor partners with top hotel companies that operate its
properties under globally renowned names and as premier independent
hotels. Additional information can be found on the company's
website at www.felcor.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160129005188/en/
FelCor Lodging Trust IncorporatedStephen A. Schafer,
972-444-4912Senior Vice Presidentsschafer@felcor.com
Felcor Lodging (NYSE:FCH)
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