News for the Hospitality Executive
FelCor Rebrands the Former Crowne Plaza San Francisco
Union Square as the hotel 480
IRVING, Texas…December 19, 2007 — FelCor Lodging Trust Incorporated (NYSE: FCH) today announced the opening of hotel 480, located in San Francisco’s Union Square, the famed heart of California’s vibrant culture, fine cuisine and world-class shopping. This distinct, upscale property is located at the corner of Sutter and Powell Streets in downtown San Francisco, within walking distance to the Financial District and Moscone Convention Center and directly on the historic Powell Street Cable Car line.
In addition to its 403 guest rooms, this full-service hotel has approximately 10,000 square feet of meeting space. Additional information about the hotel can be found on the hotel’s Web site address, www.hotel480.com.
The former Crowne Plaza hotel was rebranded as the hotel 480 on December 15, 2007, in conjunction with Marriott International, Inc. (NYSE: MAR) assuming management of the property. The repositioning of this 30-story hotel, which will improve its value and quality, is one of FelCor’s planned redevelopment projects.
FelCor, a real estate investment trust, is the nation’s largest owner of upper upscale, all-suite hotels. FelCor’s portfolio is comprised of 83 consolidated hotels, located in 23 states and Canada. FelCor’s portfolio includes 65 upper upscale hotels, and FelCor is the largest owner of Embassy Suites Hotels® and Doubletree Guest Suites® hotels. FelCor’s hotels are flagged under global brands such as Embassy Suites Hotels, Doubletree®, Hilton®, Sheraton®, Westin® and Holiday Inn®. FelCor has a current enterprise value of approximately $3.0 billion. Additional information can be found on the Company’s Web site at www.felcor.com.
hotel 480 is located at 480 Sutter Street, San Francisco, California
Stephen A. Schafer
|Also See:||Holiday Inn Select-San Francisco Union Square Converts to Crowne Plaza / Aug 1998|
|FelCor Completes Dispositions - Renovated Hotels Exceeding Targets; Plans to Spend $30 million to Renovate and Reposition the Crowne Plaza Union Square San Francisco to a Marriott Brand / July 2007|