FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it has sold the 223-room Embassy Suites hotel in Baton Rouge for $20 million. FelCor will use the proceeds to repay outstanding debt.
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 63 hotels, which are flagged under globally renowned names and premier independent hotels.
Embassy Suites Baton Rouge Property Highlights:
- 223 rooms
- Garden Atrium Lobby
- All-suite Baton Rouge hotel located on I-10; three miles from downtown with easy access to I-12
- 7,000 sq. ft. of meeting and function space in Baton Rouge to host up to 500 guests
- Indoor pool, fitness center and putting green
- Cajun and Creole favorites at Zydeco Bar and Grill or through room service
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