felcor
RLJ Shareholders and FelCor Stockholders Approve Merger
RLJ Lodging Trust | August 16, 2017
BETHESDA, Md. & IRVING, Texas--August 16, 2017--RLJ Lodging Trust ( "RLJ") (NYSE:RLJ) and FelCor Lodging Trust Incorporated ("FelCor") (NYSE:FCH) today announced that at special meetings held earlier today shareholders of RLJ approved the issuance of common shares of beneficial interest, par value $0.01 per share, of RLJ (the "RLJ Common Shares") in connection with the Merger (as defined below) and stockholders of FelCor approved FelCor's merger with and into a subsidiary of RLJ in a stock-for-stock transaction (the "Merger") in connection with the previously announced Agreement and Plan of Merger, dated as of April 23, 2017, by and...
Q2 2017 Financial Reports Round Up – Part 6: Felcor, HPT
August 9, 2017
FelCor Reports Second Quarter 2017 Earnings Quarter Highlights Same-store RevPAR was $161.98 compared to $163.62 for the same period in 2016. Net loss attributable to FelCor common stockholders was $8.0 million, or $0.06 per share, versus net income of $7.1 million, or $0.05 per share, for the same period in 2016. Adjusted FFO per share was $0.26 versus $0.32 for the same period in 2016. Same-store Adjusted EBITDA was $65.0 million versus $67.9 million for the same period in 2016. To view full quarterly results please visit: http://ir.felcor.com/phoenix.zhtml?c=118512&p=irol-newsArticle&ID=2292965 Hospitality Properties Tr...
FelCor Sells Royalton New York to Joint Venture Between Rockpoint Group and Highgate for $55 Million
FelCor | August 2, 2017
IRVING, Texas--(August 2, 2017)--FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it has sold its 168-room Royalton New York hotel to a joint venture between Rockpoint Group and Highgate for gross proceeds of $55 million. FelCor will use net proceeds to repay borrowings under its line of credit. Forward-Looking Statements The information presented herein may contain forward looking statements. These forward looking statements, which are based on current expectations, estimates and projections about the industry and markets in which RLJ Lodging Trust ("RLJ") and FelCor operate and beliefs of and assumptions made by RLJ ...
FelCor Lodging Trust Sells 117-Room Morgans New York Hotel for $37 Million
FelCor | July 18, 2017
IRVING, Texas, July 18, 2017…FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it has sold its 117-room Morgans New York hotel for gross proceeds of $37 million. FelCor will use net proceeds to repay borrowings under its line of credit. Royalton New York remains under contract and is expected to close in early August for gross proceeds of $55 million. The company continues to proceed with its previously announced efforts to market The Knickerbocker for sale. Forward Looking Statements The information presented herein may contain forward looking statements. These forward looking statements, which are based on curr...
RLJ Lodging Trust and FelCor Lodging Trust Enter Definitive Merger Agreement in an All-Stock Transaction
RLJ Lodging Trust | April 24, 2017
- Creates Third Largest Pure-Play Lodging REIT - - Attractive Strategic Combination with Complementary Portfolios and Value Creating Opportunities - - Broad Diversification and Strong Presence in Key Markets - - Investor Conference Call and Webcast at 8:00 am ET Bethesda, MD -- RLJ Lodging Trust ("RLJ") (NYSE: RLJ) and FelCor Lodging Trust Incorporated ("FelCor") (NYSE: FCH) today announced that they have entered into a definitive merger agreement (the "Merger Agreement") under which FelCor will merge with and into a wholly-owned subsidiary of RLJ in an all-stock transaction. Post-merger, RLJ is expected to...
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...
FelCor Reports Q4 2016 Net Loss of $6.2 Million versus $10.4 Million in Q4 2015; Same-Store RevPAR Decreased 2.0%
FelCor | February 23, 2017
IRVING, Texas--FelCor Lodging Trust Incorporated (NYSE: FCH) today reported results for the fourth quarter ended December 31, 2016. Fourth Quarter Highlights Same-store RevPAR decreased 2.0% compared to the same period in 2015. Net loss attributable to FelCor common stockholders was $6.2 million ($0.04 per share) versus $10.4 million ($0.07 per share) for the same period in 2015. Adjusted FFO per share increased 13.3% to $0.17 from the same period in 2015. Adjusted EBITDA increased $1.4 million to $51.4 million from the same period in 2015. "On behalf of the entire team, we are very pleased to extend a warm welcome to Steve Goldma...
FelCor Names Hospitality Industry Veteran Steven R. Goldman Chief Executive Officer
FelCor | February 13, 2017
IRVING, Texas, February 13, 2017 –FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that its Board of Directors has named Steven R. Goldman to be the Company's next Chief Executive Officer, effective March 1, 2017. He will also join FelCor's Board of Directors. Troy A. Pentecost will continue as President and Chief Operating Officer, after serving as Interim Senior Executive Officer since September 2016. A well-respected hospitality industry veteran, Mr. Goldman has been involved in all aspects of hotel operations, acquisitions and divestitures, finance, and development for more than 33 years. Most recently, Mr. Goldma...
