FelCor to Present at the NAREIT Investor and Goldman Sachs Lodging Conferences
IRVING, Texas–(BUSINESS WIRE)–FelCor Lodging Trust Incorporated (NYSE: FCH) will present at NAREIT’s REITWeek Investor Forum in New York on Wednesday, June 8, 2011 at 10:15 am (Eastern Time). Richard A. Smith, President and Chief Executive Officer, will speak at the conference. FelCor will also participate on the Hotel REIT panel at the Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference in New York on Tuesday, June 7, 2011 at 2:45 pm (Eastern Time). Andrew J. Welch, Executive Vic
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FelCor to Present at the NAREIT Investor and Goldman Sachs Lodging Conferences
FelCor Reports First Quarter Results
IRVING, Texas–(BUSINESS WIRE)–FelCor Lodging Trust Incorporated (NYSE: FCH) today reported operating results for the first quarter ended March 31, 2011. Summary: Same-store revenue per available room (“RevPAR”) at 80 consolidated hotels increased 6.3% for the quarter. Adjusted FFO per share was $(0.02) and Adjusted EBITDA was $44.2 million for the quarter, which was at the high-end of our expectations. Hotel EBITDA margin increased 198 basis points for the quarter. Net loss was $31.7 million f
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FelCor Reports First Quarter Results
FelCor Completes Common Stock Offering
IRVING, Texas–(BUSINESS WIRE)–FelCor Lodging Trust Incorporated (NYSE: FCH) announced that it sold 27.6 million shares of its common stock pursuant to a previously announced public offering (the “Offering”) at $6.00 per share. The shares sold include 3.6 million shares purchased by the underwriters, who exercised their overallotment option in full. FelCor received net proceeds of approximately $159.0 million from the Offering, after underwriting discounts and commissions. FelCor intends to use
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FelCor Completes Common Stock Offering
FelCor Declares Preferred Dividends
IRVING, Texas–(BUSINESS WIRE)–FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that its Board of Directors declared the current quarterly dividends payable on its Series A Cumulative Convertible Preferred Stock and its 8% Series C Cumulative Redeemable Preferred Stock. FelCor will pay dividends of $0.4875 per share on its Series A Preferred Stock and $0.50 per depositary share evidencing its Series C Preferred Stock to its stockholders of record on April 15, 2011. The dividend pay
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FelCor Declares Preferred Dividends
Ashford Hospitality Sells Hilton Rye Town for $35.5 Million
DALLAS–(BUSINESS WIRE)–Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced it has completed the sale of the Hilton Rye Town in Rye Brook, New York for $35.5 million in cash to an investment group spearheaded by Lodging Capital Partners. Ashford used the proceeds from the sale to reduce borrowings on its credit facility. Monty Bennett, CEO of Ashford, noted, “We are pleased to complete the accretive sale of this hotel that exhibited no positive operating cash flow over the past year. In
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Ashford Hospitality Sells Hilton Rye Town for $35.5 Million
FelCor Reinstates Preferred Dividends
IRVING, Texas–(BUSINESS WIRE)–FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it has reinstated the quarterly dividend payments on its Series A Cumulative Convertible Preferred Stock and its 8% Series C Cumulative Redeemable Preferred Stock. FelCor will pay the current quarterly dividends of $0.4875 per share on its Series A Preferred Stock and $0.50 per depositary share evidencing its Series C Preferred Stock. The dividends will each be due and payable on January 31, 2011,
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FelCor Reinstates Preferred Dividends
FelCor Completes Acquisition of the Fairmont Boston Copley Plaza Hotel
IRVING, Texas–(BUSINESS WIRE)–FelCor Lodging Trust Incorporated (NYSE: FCH) today completed the previously announced purchase of the Fairmont Copley Plaza hotel in Boston for $98.5 million. The purchase was funded with cash on hand. The Fairmont Copley Plaza is a 383-room world-class, historic hotel located in the heart of Boston’s Back Bay on Copley Square. The iconic property boasts 23,000 square feet of meeting space and the famed Oak Room. FelCor, a real estate investment trust, is the nat
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FelCor Completes Acquisition of the Fairmont Boston Copley Plaza Hotel
FelCor Names Troy A. Pentecost as Chief Operating Officer
IRVING, Texas–(BUSINESS WIRE)–FelCor Lodging Trust Incorporated (NYSE: FCH), today announced Troy A. Pentecost as Executive Vice President and Chief Operating Officer. Mr. Pentecost joined FelCor as Executive Vice President and Director of Asset Management in March 2006. Mr. Pentecost’s duties will expand, overseeing the Design and Construction department. “I am very pleased to appoint Troy as FelCor’s first Chief Operating Officer,” said Richard A. Smith, FelCor’s President and CEO. “Troy has
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FelCor Names Troy A. Pentecost as Chief Operating Officer
Company Profile for FelCor Lodging Trust
–(BUSINESS WIRE)–FelCor, a real estate investment trust, owns interests in 84 hotels and resorts, located in 23 states and Canada. FelCor’s portfolio consists mostly of upper upscale hotels, which are flagged under global brands such as Embassy Suites Hotels®, Doubletree®, Hilton®, Marriott®, Renaissance®, Sheraton®, Westin® and Holiday Inn®. Company: FelCor Lodging Trust Headquarters Address: 545 E John Carpenter Frwy Suite #1300 Irving, TX 75062 Main Telephone: 972.444.4900 Website:
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Company Profile for FelCor Lodging Trust
FelCor Reports Second Quarter Results
IRVING, Texas–(BUSINESS WIRE)–FelCor Lodging Trust Incorporated (NYSE: FCH) today reported operating results for the second quarter and six months ended June 30, 2010. Summary: RevPAR at our 83 consolidated hotels increased 5.6% for the quarter and 6.5% for June. Adjusted EBITDA was $56.5 million for the quarter. Adjusted FFO per share was $0.10 for the quarter, which was above analyst’s original expectations and $0.04 above the high-end of our internal expectations. Positive flow-through on t
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FelCor Reports Second Quarter Results
