FelCor Lodging Trust Open to Cash Deal with Ashford Hospitality Trust

FelCor | February 28, 2017

IRVING, Texas--FelCor Lodging Trust Incorporated (NYSE:FCH)'s Board of Directors today sent the following letter to Montgomery J. Bennett, Chairman of Ashford Hospitality Trust (NYSE:AHT), regarding AHT's proposal to combine its business with FelCor. The full text of the letter is as follows: February 27, 2017 Ashford Hospitality Trust, Inc. 14185 Dallas Parkway, Suite 1100 Dallas, Texas 75254 Attention: Montgomery J. Bennett, Chairman Dear Monty: We listened with great interest to the Ashford Hospitality Trust ("AHT") earnings conference call last Friday. In particular, we were encouraged by CEO Douglas Kessler's statement that AHT wou...