IRVING, Texas, June 26, 2013 - FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it has sold the 160-room Holiday Inn-Santa Barbara/Goleta for $24 million.  FelCor will use the proceeds to repay outstanding debt.

About FelCor

FelCor, a real estate investment trust, owns a diversified portfolio of primarily upper-upscale and luxury hotels that are located in major and resort markets throughout the U.S.  FelCor partners with leading hotel companies to operate its 65 hotels, which are flagged under globally renowned names and premier independent hotels.  Additional information can be found on the Company's website at 

With the exception of historical information, the matters discussed in this news release include "forward-looking statements" within the meaning of the federal securities laws that are qualified by cautionary statements herein and in FelCor's filings with the Securities and Exchange Commission.  We undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in our expectations.

Contact: Stephen A. Schafer, Vice President Strategic Planning & Investor Relations / (972) 444-4912

Related News

Q3 2015 Financial Reports Round Up: Wyndham, Felcor & Extended Stay America

Aimbridge Hospitality Assumes Management of Embassy Suites Chicago Lombard/Oak Brook

Felcor Announces Sale of Three Non-Strategic Hotels

The Plasencia Group Represents FelCor in Sale of Embassy Suites San Antonio - Northwest I-10 Hotel

Felcor Sells the Embassy Suites San Antonio International Airport Hotel for $29.5 million

Felcor Sells Two Non-Strategic Hotels for $63.6 M, Enters Agreement to Sell Third for $29.5 M

Owners Northsight Hospitality Open the Holiday Inn® Hotel & Suites Scottsdale North-Airpark

Felcor Sells 446-key Holiday Inn-Toronto Airport & 221-key Embassy Suites Hotel-Indianapolis North

FelCor Reports Q2 2014 Net Income of $14.6 million with RevPAR Gains of 9.2%

FelCor Completes Exchange of 10 Joint Venture Hotels; Retains 5 Hotels; Partners Now Own Other 5

IHG® Signs Four Holiday Inn® Hotels in the UK; Opening this Summer to Early 2015 Through Conversion

Felcor Sells Two Non-Strategic Hotels; The Doubletree Suites Dana Point & Embassy Suites BWI Airport

IHG Along with Nine Hospitality & Sanguine Hospitality to Add Hotel Indigo & Holiday Inn in London

Hospitality Funding, LLC Raises Equity and Debt for Fort Lauderdale Hotel Acquisition

Felcor Sells its 232-room Embassy Suites Hotel in Atlanta, Georgia for $17.2 Million

Hotel Commercial Investment & IHG to Open Holiday Inn® Dabrowa Gornicza Katowice in Poland in 2015

PT Duta Anggada Realty & IHG to Develop 447-key Holiday Inn & Suites Jakarta Gajah Mada, Indonesia

Grupo AGRISAL Opens the 196-room Holiday Inn Express Panama Distrito Financiero in Panama City

Hoteles Cacique Internacional Opens 187-room New-Build Holiday Inn Bucaramanga Cacique in Colombia

FelCor Reports Q3 2013 Net Loss of $6.4M Comapred to $27.8M Prior Year; Comparable RevPAR Up 7.1%

The 146-key Holiday Inn Warwick Farm Opens in Sydney, Australia Completing Sunnybrook Hotel Makeover

Operadora ALRO and IHG Open the 143-room Holiday Inn® Mexico Buenavista Hotel in Mexico City

300 Schermerhorn Realty and IHG to Develop $80 Million Holiday Inn in Brooklyn, NY to Open in 2015

IHG and Bierwirth & Kluth Hotelmanagement GmbH to Develop Five Hotels Across Germany

Three More Holiday Inn® Brand Family Hotels Signed in the UK

FelCor Sells the 244-room Doubletree Hotel Wilmington, Delaware for $27.7 Million

Through a Conversion, IHG to Open First Hotel in Turkey, the Holiday Inn Diyarbakir - City Center

The Plasencia Group Advises on Sale of Embassy Suites Baton Rouge

IHG and Omaxe to Develop the Holiday Inn New Chandigarh Sector 4B in India

FelCor Sells the 223-room Embassy Suites Baton Rouge in Louisiana

All News »

Please login or register to post a comment.