| Business Summary | | FelCor
Lodging
Trust
Incorporated
(FelCor)
is
a
hotel
real
estate
investment
trust.
As
of
December
31,
2000,
FelCor
owned
interests
in
186
hotels
with
nearly
50,000
rooms
and
suites
through
its
more
than
86%
equity
interest
in
FelCor
Lodging
Limited
Partnership.
As
of
December
31,
2000,
the
Company
owned
100%
interests
in
161
Hotels,
a
90%
or
greater
interest
in
entities
owning
seven
hotels,
a
60%
interest
in
an
entity
owning
two
hotels
and
50%
interests
in
separate
entities
that
own
16
hotels.
The
Hotels
are
located
in
the
United
States
(35
states)
and
Canada,
with
concentrations
in
Texas
(41
hotels),
California
(19
hotels),
Florida
(18
hotels)
and
Georgia
(15
hotels).
The
Company
is
the
owner
of
a
number
of
Embassy
Suites,
Crowne
Plaza,
Holiday
Inn
and
independently
owned
Doubletree
branded
hotels. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FelCor
Lodging
Trust
is
a
self
administered
and
self
managed
real
estate
investment
trust
(REIT)
which
acquires
and
holds
interests
in
hotel
properties.
For
the
six
months
ended
6/30/01,
revenues
totaled
$560.3
million,
up
from
$258.2
million.
Net
income
applicable
to
Common
totaled
$3.5
million,
vs.
a
loss
of
$22.3
million.
Results
reflect
increased
average
daily
rates
at
the
Hotels
and
increased
occupied
rooms,
offset
by
increased
operating
expenditures. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Thomas Corcoran, Jr., 52 Pres,
CEO | $1.3M | Richard O'Brien, 39 CFO,
Exec. VP | -- | Donald McNamara, 48 Chairman | -- | Lawrence Robinson, 57 Exec.
VP, Gen. Counsel, Sec. | 893K | Andrew Welch, 39 Sr.
VP, Treasurer | 719K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|