FCH Felcor Lodging Trust Incorporated (delisted)

FelCor Calls for Redemption of $10 Million of 9.5% Senior Notes IRVING, Texas, Oct. 27 /PRNewswire-FirstCall/ -- FelCor Lodging Trust Incorporated (NYSE:FCH), the nation's second largest lodging real estate investment trust (REIT), and its subsidiary FelCor Lodging Limited Partnership (FelCor LP) today announced that FelCor LP is calling for redemption $10 million in aggregate principal amount of its outstanding 9.5% Senior Notes due 2008 (Cusip No. 31430Q AG 2), which currently bear interest at a rate of 10% per annum. These notes will be redeemed on November 26, 2004, at a redemption price of $1,047.50 per $1,000 principal amount, as determined in accordance with the indenture governing the 9.5% Senior Notes, plus any accrued and unpaid interest to the date of redemption. Following the redemption, the remaining outstanding principal amount of the 9.5% Senior Notes due 2008 will be approximately $46 million. FelCor is the nation's second largest hotel REIT and the nation's largest owner of full service, all-suite hotels. FelCor's consolidated portfolio is comprised of 146 hotels, located in 32 states and Canada. FelCor owns 69 full service, all-suite hotels, and is the largest owner of Embassy Suites Hotels(R) and Doubletree Guest Suites(R) hotels. FelCor's portfolio also includes 68 hotels in the upscale and full service segments. FelCor has a current market capitalization of approximately $3.0 billion. Additional information can be found on FelCor's Web site at http://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. 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 currently anticipated. Certain of these risks and uncertainties are described 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. DATASOURCE: FelCor Lodging Trust Incorporated CONTACT: Andrew J. Welch, Senior Vice President and Treasurer, +1-972-444-4982, or , or Monica L. Hildebrand, Vice President of Communications, +1-972-444-4917, or , or Stephen A. Schafer, Vice President of Investor Relations, +1-972-444-4912, or , all of FelCor Lodging Trust Incorporated Web site: http://www.felcor.com/

Copyright