FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it sold its 446-room Holiday Inn-Toronto Airport and 221-room Embassy Suites Hotel-Indianapolis North for aggregate gross proceeds of $29 million in separate transactions. FelCor is using asset sale proceeds to repay outstanding debt.
CBRE and JLL have been appointed to dispose of the Radisson Blu Hotel, Edinburgh, Park Inn by Radisson, Manchester City Centre and The Quay Leisure Park, Glasgow. The properties are on the market with a combined asking price of £132.3 million. The properties are available individually and equally offers are invited for any combination of the assets.
The Guayaquil Marriott will be the companys third property in Ecuador and is being developed by Hotecapsa, overseen by Mr. Angel P. Sanchez. Mr. Sanchez is a major local developer in Guayaquil who also opened the famous Sanchez Aguilar Theatre, The Plaza Buena Vista Mall and the Plaza del Prado Mall.
JMH Development, led by Principal Jason Halpern, announced today the topping off of the Aloft South Beach, the 235-room hotel scheduled to open in early 2015 in the heart of Miami Beach.
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