Felcor Announces Sale of Three Non-Strategic Hotels

FelCor | July 15, 2015

IRVING, Texas, July 15, 2015...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 d...