felcor lodging trust
RLJ Lodging Trust Completes Merger with FelCor Lodging Trust
RLJ Lodging Trust | September 1, 2017
BETHESDA, Md.--RLJ Lodging Trust ("RLJ") (NYSE:RLJ) today announced that it has completed its merger with FelCor Lodging Trust Incorporated ("FelCor"). This transaction was previously approved by RLJ's shareholders and FelCor's stockholders at their respective special meetings held on August 15, 2017. The combined company, headquartered in Bethesda, Maryland, will retain the RLJ name and will trade under the existing ticker "RLJ" on the New York Stock Exchange. "We are pleased to complete this transformative merger that creates the preeminent lodging REIT in the upscale focused-service and compact full-service space," commented Ross H. ...
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...
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...
FelCor Reports Q1 2017 Net Loss of $42.2 Million Compared to $11.2 Million for the Same Period in 2016; RevPAR Down 1.3% for Quarter
Felcor | May 9, 2017
Morgans and Royalton to be sold in third quarter In April 2017, entered into a definitive merger agreement with RLJ Lodging Trust (RLJ) IRVING, Texas--FelCor Lodging Trust Incorporated (NYSE: FCH) today reported results for the first quarter ended March 31, 2017. First Quarter Highlights Same-store RevPAR was $142.15 compared to $143.97 for the same period in 2016. Net loss attributable to FelCor common stockholders was $42.2 million ($0.31 per share) versus $11.2 million ($0.08 per share) for the same period in 2016. Adjusted FFO per share was $0.09 versus $0.14 for the same period in 2016. Same-store Adjusted EBITDA was $40.1 mil...
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 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...
FelCor Lodging Trust Responds to Ashford Hospitality Trust’s Unsolicited Proposal
FelCor | February 21, 2017
Company Has Engaged with AHT Since Last Fall; Unable to Reach Mutually Beneficial Terms Company Responds to Ashford's Director Nominees FelCor Shareholders Need Take No Action at This Time February 21, 2017 11:25 / IRVING, Texas--FelCor Lodging Trust Incorporated (NYSE: FCH) confirmed today that its Board of Directors has received an unsolicited, non-binding and conditional proposal to combine its business with Ashford Hospitality Trust (NYSE: AHT). The proposal, made public by AHT today, follows several months in which FelCor has engaged with AHT in an effort to explore the possibility that a mutually beneficial transaction could be re...
Ashford Hospitality Trust Proposes to Acquire FelCor Lodging Trust
Ashford Hospitality Trust | February 21, 2017
Combined company would result in the third-largest pure-play publicly traded lodging REIT by enterprise value FelCor's Board of Directors has failed to meaningfully engage and provide necessary due diligence information; Ashford Hospitality Trust seeks to conduct constructive dialogue to further explore the significant value creating opportunity FelCor shareholders would experience a dividend increase of over 138% in the combined company DALLAS, Feb. 21, 2017 -- Ashford Hospitality Trust (NYSE: AHT) ("Ashford Trust" or the "Company"), a real estate investment trust focused on investing in the hospitality industry...
