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Stock Market & Financial Investment News

News Breaks
April 2, 2014
09:18 EDTFCHFelcor agrees to sell Doubletree Suites in Charlotte for $37M
FelCor Lodging announced that it has agreed to sell the 208-room Doubletree Suites Hotel Charlotte-SouthPark for $37M. The purchaser has paid a $900K non-refundable deposit toward the purchase price. FelCor expects the sale to close in May. FelCor continues to progress with its portfolio repositioning plan. The company is currently negotiating contracts or has agreed to sell four other hotels for aggregate proceeds of approximately $80M. FelCor will use the proceeds from selling these assets to repay outstanding debt.
News For FCH From The Last 14 Days
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February 26, 2015
08:45 EDTFCHFelcor Lodging sees FY15 adjusted FFO 80c-88c, consensus 87c
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08:41 EDTFCHFelcor Lodging reports Q4 adjusted FFO 15c, consensus 10c
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February 17, 2015
08:38 EDTFCHFelcor Lodging announces sale of two non-strategic hotels for $63.6M
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