Felcor Sells the Embassy Suites San Antonio International Airport Hotel for $29.5 million

. March 19, 2015

IRVING, Texas March 19, 2015 - FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it sold its 261-room Embassy Suites Hotel - San Antonio Airport for $29.5 million. As with other asset sales, FelCor will use the proceeds from selling this hotel to repay outstanding debt.

FelCor has nearly completed its portfolio repositioning plan. Since 2010, FelCor has sold 35 non-strategic hotels for aggregate gross proceeds of $794 million. The company has five remaining non-strategic hotels to sell, of which three hotels are already under contract and calls for offers will be made for the other two hotels later this month.

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 throughout the U.S. FelCor partners with leading hotel companies to operate its 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.

Business Contact:

Subscribe to our newsletter
for more Hotel Newswire articles

Related News

Choose a Social Network!

The social network you are looking for is not available.

Close
Coming up in March 1970...