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FelCor Lodging Trust Appoints Michael C. Hughes as Senior Vice President,
Chief Financial Officer and Treasurer

IRVING, Texas--(May 6, 2013)--FelCor Lodging Trust Incorporated (NYSE: FCH) today announced the appointment of Michael C. Hughes as Senior Vice President, Chief Financial Officer and Treasurer, effective July 1, 2013. Mr. Hughes succeeds Andrew J. Welch, who is leaving the company after 15 years of service. Mr. Welch will remain with FelCor through December 31, 2013 to facilitate the transition.

Before undertaking his new role, Mr. Hughes served as FelCor’s Senior Vice President, Finance and Treasurer. He joined the company in 2006 as Vice President, Finance and assumed additional responsibilities as the company’s Treasurer in 2009. During his tenure at FelCor, Mr. Hughes played a vital role in the company’s capital markets activities and led FelCor’s corporate forecasting, budgeting, cash management, rating agency relationships and treasury functions.

Mr. Hughes has more than 15 years of experience in finance, having also served as the Vice President of Corporate Finance for Wyndham International, Inc. (which he joined in 2002) and as a business consultant with Maverick Management LLC. He was awarded a bachelors degree in business from Rhodes College and is a holder of the Chartered Financial Analyst® designation.

Richard A. Smith, President and Chief Executive Officer of FelCor, said, “Michael’s deep understanding of the lodging industry and real estate, coupled with his sophisticated financial and capital markets expertise and knowledge of FelCor’s business, makes him particularly well-suited to assume broader responsibilities at FelCor. Michael’s efforts were crucial to our successful balance sheet restructuring program, which reduced our cost of capital and extended and staggered debt maturities, and has been an integral member of our leadership team for many years.”

Mr. Smith continued, “We are grateful for Andy’s meaningful contributions to FelCor over the past 15 years. He has been an essential part of the Company’s turnaround, and it has been a pleasure to work alongside him over the past eight years. On behalf of our Board of Directors, the management team and all of our colleagues, we wish Andy the very best and are glad to have him on board to ensure a smooth transition.”

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. FelCor partners with leading hotel companies to operate its 66 hotels, which are flagged under globally recognized names and premier independent hotels in New York. Additional information can be found on the Company’s website at www.felcor.com.
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Contact: 

FelCor Lodging Trust Incorporated 
Stephen A. Schafer
Vice President Strategic Planning & Investor Relations
972-444-4912
[email protected]

 

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Also See: FelCor Lodging Trust Incorporated to Renovate and Re-Brand Eight Holiday Inn Properties to the Wyndham Hotels and Resorts Brand / January 2013

Felcor, as Part of its Repositioning Strategy, Completes Sale of Two Hotels, the 370-room Embassy Suites, New Orleans-Convention Center and the 296-room Embassy Suites, Nashville-Airport for $70 million / October 2012

Felcor, as Part of its Repositioning Strategy, Agrees To Sell Two Non-Strategic Hotels, the 370-room Embassy Suites, New Orleans-Convention Center and the 296-room Embassy Suites, Nashville-Airport for an Aggregate Purchase Price of $70 million / September 2012

FelCor Closes on Sale of the 222-room Embassy Suites – Anaheim-North Hotel in California for $25.5 Million to Urban Common / August 2012

FelCor Agrees to Sell the 222-room Embassy Suites – Anaheim-North Hotel in California for $25.5 million to Urban Common / July 2012

FelCor Lodging Trust Closes on Sale of Six Hotels, a Portfolio of 1,527 rooms, for $103 Million / June 2012

FelCor Lodging Trust to Sell Six Non-Strategic Hotels as Part of Repositioning Strategy for $103.0 Million to an Undisclosed Buyer; Portfolio Comprised of 1,527 Rooms / April 2012

Felcor Lodging Trust Promotes Jeffrey D. Symes As Senior Vice President, Chief Accounting Officer And Controller / April 2012

FelCor Lodging Trust Sells the Holiday Inn Toronto-Yorkdale in Canada to Easton Hotel Group / December 2011

FelCor Names Troy A. Pentecost as EVP and Chief Operating Officer / July 2010

FelCor Names Donald J. Falgoust as Vice President Food & Beverage / February 2008
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