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FelCor Sells Embassy Suites Nashville and New Orleans for $70M

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FelCor Announces Sale of Two Non-Strategic Hotels, Enters Agreement to Sell Third

FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it sold the 370-room Embassy Suites – New Orleans-Convention Center and the 296-room Embassy Suites – Nashville-Airport for an aggregate purchase price of $70 million.

FelCor is using the net proceeds to pay the remaining $37.7 million of accrued preferred dividends and to repay debt.

Posted-In: News Asset Sales

 

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