FelCor Lodging Trust Clarifies Background on Ashford Hospitality Trust Proposal

FelCor | February 24, 2017

Will Provide More Detailed Response in Due Course FelCor Shareholders Need Take No Action at this Time IRVING, Texas, Feb. 24, 2017 -- FelCor Lodging Trust Incorporated (NYSE: FCH) today offered clarification on the unsolicited, non-binding and conditional proposal to combine its business with Ashford Hospitality Trust (NYSE: AHT). AHT's February 21, 2017 proposal follows several months of discussions between FelCor and AHT, during which FelCor repeatedly expressed numerous concerns regarding the value and structure of AHT's various proposals. Notable concerns include: Dilution to AHT Shareholders. The proposed offer would dil...