FelCor Sells Sheraton Suites Atlanta for $21M
FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it sold the 278-room Sheraton Suites Galleria - Atlanta for $21 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 64 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.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.