FelCor Announces the Opening of the Knickerbocker Hotel

IRVING, Texas--(BUSINESS WIRE)--

FelCor Lodging Trust today announced the opening of The Knickerbocker Hotel (www.TheKnickerbocker.com), located on the corner of 42^nd Street and Broadway in New York City, in the heart of Times Square. The newly redeveloped hotel boasts 330 spacious and luxurious guest rooms, including 27 Junior Suites and four Tribute Suites, a state-of-the-art fitness center, a 2,200 square-foot event space, upscale food and dining options, and a 7,500 square-foot rooftop bar and terrace with unrivaled views of New York City's effervescent skyline. A member of The Leading Hotels of the World, The Knickerbocker offers proximity to countless New York City attractions such as Madison Square Garden, Rockefeller Center, Broadway theaters and the famed Bryant Park.

"We are thrilled about the opening of our flagship property," said Richard A. Smith, President and Chief Executive Officer of FelCor. "The Knickerbocker underscores our commitment to investing in great hotels located in great markets, at attractive prices that will enhance value for our stockholders. Our partnership with Highgate enabled us to use our joint expertise to redevelop this phenomenal property at a significant discount to replacement cost."

Designed by the architectural firm Gabellini Sheppard, the Hotel's interior provides a sleek, contemporary appeal and an urban respite from the bustling streets of New York City. All accommodations feature customized layouts with soaring 12-foot ceilings, 8-foot doors and 6-foot windows, creating an indulgent sense of space.

The Knickerbocker has partnered with one of the nation's most recognized master chefs, Charlie Palmer, to debut several exceptional dining venues and ensure a sophisticated level of taste throughout the hotel. Guests have the option to dine at Charlie Palmer at The Knick – the hotel's full service restaurant and bar; JAKES @ The Knick – a coffeehouse and artisanal café; and St. Cloud – which will be one of the most magnificent rooftop bars in New York City, complete with a signature cigar lounge from celebrated tobacconist Nat Sherman. In addition, priority access will be offered to hotel guests at Palmer's flagship restaurant Aureole, located just across the street from The Knickerbocker.

From state-of-the-art technologies, to exclusive bath amenities and in-room salon services from celebrity hairstylist Ted Gibson, guests will discover all the comforts of home and more at their fingertips. NBA All-Star and former New York Knicks power forward, Larry Johnson, serves as the property's fitness curator, offering guests an innovative, cutting-edge health and wellness experience.

The Knickerbocker is operated by Highgate Hotels, the single largest operator of hotels in New York City. To learn more, please visit www.TheKnickerbocker.com. Stay updated on news and happenings at The Knickerbocker by following @TheKnickNYC.

About FelCor

FelCor FCH, 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 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.

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