Felcor Lodging upgraded to Outperform from Market Perform at JMP Securities JMP Securities upgraded Felcor Lodging following the solid Q4 report and said the company is well positioned to take advantage of the prolonged recovery in the lodging sector. Price target is $10.50.
FelCor to sell Morgans, Royalton hotels in New York FelCor Lodging Trust (FCH) announced that it is in negotiations to sell its Morgans and Royalton hotels in New York. Proceeds from these opportunistic asset sales will be used to fund initiatives intended to create significant stockholder value. FelCor and Morgans Hotel Group (MHGC), which operates the hotels, have agreed that FelCor may sell the hotels unencumbered by management. Morgans will continue to manage the properties for FelCor until they are sold.