FelCor Sells Holiday Inn in Santa Barbara

Business Wirevia The Motley Fool
Updated

FelCor Sells Holiday Inn in Santa Barbara

IRVING, Texas--(BUSINESS WIRE)-- FelCor Lodging Trust Incorporated (NYS: FCH) today announced that it has sold the 160-room Holiday Inn-Santa Barbara/Goleta for $24 million. FelCor will use the proceeds to repay outstanding debt.

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 65 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.

With the exception of historical information, the matters discussed in this news release include "forward-looking statements" within the meaning of the federal securities laws that are qualified by cautionary statements herein and in FelCor's filings with the Securities and Exchange Commission.We undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in our expectations.



FelCor Lodging Trust Incorporated
Stephen A. Schafer, 972-444-4912
Vice President Strategic Planning & Investor Relations
sschafer@felcor.com

KEYWORDS: United States North America California Texas

INDUSTRY KEYWORDS:

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