Hotel News Resource - FelCor Hotel Industry News

FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it has sold the Holiday Inn Toronto-Yorkdale to Easton Hotel Group for CAD $22.9 million.

Same-store EBITDA Increases 13% - Asset Sale Program On-Track - Maintains Guidance

Completed the sale of $525 million of 6.75% senior notes and acquired Royalton and Morgans hotels in New York for $140 million.

Agreed to purchase two midtown Manhattan hotels, the Royalton and Morgans, for $140 million.

FelCor Lodging Trust Incorporated (NYSE: FCH) announces it has entered into a binding purchase and sale agreement to acquire the fee-simple interests in two midtown Manhattan hotels, The Royalton and Morgans, for $140.0 million from Morgans Hotel Group Co.

Same-store revenue per available room at 80 consolidated hotels increased 5.7% for the quarter and 4.3% for the year.

FelCor Lodging Trust Incorporated (NYSE: FCH) today announced the sale of the 443-room Sheraton Premiere Hotel at Tysons Corner in Vienna, Virginia to The JBG Companies for $84.5 million in cash. The hotel will continue to be managed by Starwood Hotels & Resorts as a Sheraton under a long-term management contract.

Revenue per available room for our 85 consolidated hotels decreased by 17.8 percent to $80.39

Revenue per available room for 85 consolidated hotels decreased by 20.6 percent to $84.01

FelCor Lodging Trust Incorporated (NYSE: FCH) today announced the opening of the San Francisco Marriott Union Square, located in the famed heart of California's vibrant culture, fine cuisine and world-class shopping.