Hotel Online News for the Hospitality Executive FelCor Lodging Trust Agrees to Sell the 160-room Holiday Inn – Santa Barbara/Goleta in California
IRVING, Texas, May 15, 2013 – FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it has agreed to sell the 160-room Holiday Inn–Santa Barbara/Goleta for $24 million. The purchaser has paid a non-refundable deposit of $960,000 toward the purchase price. FelCor expects the sale to close in June. FelCor expects to use all of 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. 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. 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:
FelCor Lodging Trust Incorporated Stephen A. Schafer Vice President Strategic Planning & Investor Relations 972-444-4912 [email protected]