FelCor Shares Drop on Divestiture News

Shares of FelCor Lodging Trust Incorporated (FCH) fell 1 . 4% following the announcement of the divestiture of its two non-strategic hotels on Wednesday. This Irving, TX-based real estate investment trust (: REIT), sold 251-room Charge Suites Hotel-BWI Airport and 196-room Doubletree Suites Hotel-Dana Point at a combined price of $54. 1 million. FelCor intends to utilize the earnings for repayment of outstanding financial obligations.

The current sell-off is in line with the usual company strategy of repositioning its portfolio. In fact , to date, FelCor has sold 28 non-strategic hotels for a total associated with $627. 0 million. Moreover, the business is presently under negotiations or even has already finalized the sale of four hotels at a composite value of around $73. 0 million.

FelCor is the owner of a diversified profile of upper-upscale and luxury hotels, distributing across the U. S. Boasting partnerships with several leading hotel companies, its portfolio flaunts renowned brands such as Doubletree, Embassy Suites Resorts, Hilton, Fairmont, Marriott, Renaissance, Sheraton, Westin and Holiday Inn.

In 2014, FelCor offered the Embassy Suites hotels within Atlanta for $17. 2 million and in Bloomington for $24 million. Additionally , the company has consented in order to vend off DoubleTree Suites within Charlotte and Dana Point for a combined price of $69. 9 million. FelCor has also been negotiating to sell 3 hotels for aggregate gross earnings of $44. 0 million.

FelCor currently carries a Zacks Rank #3 (Hold). Some better-ranked equity REITs include The GEO Group, Inc. (GEO), Terreno Realty Corp. (TRNO) and Aviv REIT, Inc. (AVIV). All these stocks sport a Zacks Position #1 (Strong Buy).

Read the Full Research Report on FCH
Read the Full Research Report on TRNO
Read the Complete Research Report on GEO
Read the Full Research Report upon AVIV

Zacks Investment Research


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Shares of FelCor Lodging Trust Incorporated (FCH) fell 1 . 4% following the announcement of the divestiture of its two non-strategic hotels on Wednesday. This Irving, TX-based real estate investment trust (: REIT), sold 251-room Embassy Suites Hotel-BWI Airport and 196-room Doubletree Suites Hotel-Dana Point at a combined price of $54. 1 million. FelCor intends to utilize the proceeds for repayment of outstanding debts.

The current sell-off is in line with all the usual company strategy of transfering its portfolio. In fact , to date, FelCor has sold 28 non-strategic hotels for a total of $627. 0 million. Moreover, the company is presently under negotiations or has already completed the sale of four hotels at a composite value of around $73. 0 million.

FelCor is the owner of a diversified portfolio of upper-upscale and luxury hotels, spreading across the U. S. Boasting partnerships with many leading hotel companies, its profile flaunts renowned brand names such as Doubletree, Embassy Suites Hotels, Hilton, Fairmont, Marriott, Renaissance, Sheraton, Westin and Holiday Inn.

Within 2014, FelCor sold the Charge Suites hotels in Atlanta regarding $17. 2 million and in Bloomington for $24 million. Additionally , the business has consented to vend away DoubleTree Suites in Charlotte and Dana Point for a combined price of $69. 9 million. FelCor has also been negotiating to sell three hotels regarding aggregate gross proceeds of $44. 0 million.

FelCor currently carries a Zacks Rank #3 (Hold). Some better-ranked equity REITs include The GEO Group, Inc. (GEO), Terreno Realty Corp. (TRNO) and Aviv REIT, Inc. (AVIV). All these stocks sport a Zacks Rank #1 (Strong Buy).

Read the Full Research Report on FCH
Read the Full Research Report on TRNO
Read the Full Research Report on GEO
Read the Complete Research Report on AVIV

Zacks Investment Research

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