FelCor Sells the 223-room Embassy Suites Baton Rouge in Louisiana
August 29, 2013 8:04am
IRVING, Texas, August 29, 2013 - FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it has sold the 223-room Embassy Suites hotel in Baton Rouge for $20 million. FelCor will use the proceeds to repay outstanding debt.
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.
embassy suites baton rouge
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 63 hotels, which are flagged under globally renowned names and premier independent hotels. Additional information can be found on the Company's website at www.felcor.com.
Contact: Stephen A. Schafer, Vice President Strategic Planning & Investor Relations
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
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
Felcor Sells Two Non-Strategic Hotels; The Doubletree Suites Dana Point & Embassy Suites BWI Airport
Felcor Sells its 232-room Embassy Suites Hotel in Atlanta, Georgia for $17.2 Million
FelCor Reports Q3 2013 Net Loss of $6.4M Comapred to $27.8M Prior Year; Comparable RevPAR Up 7.1%
FelCor Sells the 244-room Doubletree Hotel Wilmington, Delaware for $27.7 Million
Aimbridge Hospitality Chosen to Manage the 223-room Embassy Suites Baton Rouge in Louisiana
The Plasencia Group Advises on Sale of Embassy Suites Baton Rouge
Felcor Agrees to Sell the 223-room Embassy Suites in Baton Rouge, Louisiana for $20 Million
FelCor Reports Q2 2013 Net Loss of $28.3M, RevPAR Rose 5.7%; In Process to Sell 5 Hotels for $120M
Felcor Sells 160-room Holiday Inn-Santa Barbara/Goleta in California for $24 Million
Please login or register to post a comment.