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Home > Company Index > Real Estate > REIT - Hotel/Motel > FelCor Lodging Trust Incorporated

FelCor Lodging Trust Incorporated
NYSE: FCH
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 NEWS FROM THE WIRES
FelCor second-qtr FFO down as room occupancy drops
Aug 08 2001 04:15 PM PDT

FelCor gets standby loan facility for MeriStar merger
Jul 13 2001 05:56 PM PDT

More WIRE STORIES about this company

 PROFILE
Its name may not have the cachet of a Waldorf, but FelCor Lodging Trust is still making a name for itself in the hotel business. The real estate investment trust (REIT) owns interests in about 190 hotels with 50,000 rooms in the US and Canada (California, Florida, Georgia, and Texas account for half). FelCor renovates and rebrands its properties, which bear such names as Crowne Plaza, Embassy Suites, Doubletree, Sheraton, and Holiday Inn. Following changes in REIT rules, taxable subsidiaries of FelCor are acquiring most of the hotel leases. The firm is buying MeriStar Hospitality, a purchase that will create the US's largest hotel REIT with nearly 300 hotels in 39 states.

 COMPETITION
Crescent Operating, Inc. (COPI)
Host Marriott Corporation (HMT)
Starwood Hotels & Resorts Worldwide, Inc. (HOT)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 556.70
1-Yr. Sales Growth: 10.5%
Employees: 51
Revenue per employee: $10,915,686.27

 KEY PEOPLE
• Thomas J. Corcoran
    CEO
• Richard J. O'Brien
    CFO

 CONTACT INFO
545 E. John Carpenter Fwy., Ste. 1300
Irving, TX 75062
US
Phone: 972-444-4900
Fax: 972-444-4949
Online: Web Site

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