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 ...