Key Developments: Felcor Lodging Trust Inc (FCH.N)
6.15USD
1 Aug 2013
$0.11 (+1.82%)
$6.04
$6.12
$6.19
$6.10
260,028
243,070
$6.46
$3.90
Latest Key Developments (Source: Significant Developments)
Felcor Lodging Trust Inc Sells Sheraton Suites Atlanta
Felcor Lodging Trust Inc announced that it sold the 278-room Sheraton Suites Galleria - Atlanta for $21 million. FelCor will use the proceeds to repay outstanding debt. Full Article
Felcor Lodging Trust Inc Declares Preferred Dividends
Felcor Lodging Trust Inc announced that Board of Directors declared quarterly dividends payable with respect to its Series A Cumulative Convertible Preferred Stock and its 8% Series C Cumulative Redeemable Preferred Stock. FelCor will pay dividends of $0.4875 per share on its Series A Preferred Stock and $0.50 per depositary share evidencing its Series C Preferred Stock. The dividends will each be paid on July 31, 2013, to stockholders of record on July 15, 2013. Full Article
Felcor Lodging Trust Inc Agrees to Sell Sheraton Suites Atlanta
Felcor Lodging Trust Inc announced that it has agreed to sell the 277-room Sheraton Suites Galleria - Atlanta for $21 million. The purchaser has paid an $840,000 non-refundable deposit toward the purchase price. FelCor expects the sale to close in July and to use all of the proceeds to repay outstanding debt. Full Article
Felcor Lodging Trust Inc Comments On Long Term FFO Guidance-Conference call
Felcor Lodging Trust Inc announced that from fiscal 2012-2015 FFO per share goes from $0.23-$1.06. According to I/B/E/S Estimates, analysts on an average were expecting FFO per share of $0.40 for fiscal year 2013 , FFO per share of $0.57 for fiscal year 2014 , FFO per share of $0.78 for fiscal year 2015. Full Article
Felcor Lodging Trust Inc Agrees To Sell Holiday Inn In Santa Barbara
Felcor Lodging Trust Inc announced that it has agreed to sell the 160-room Holiday Inn-Santa Barbara/Goleta for $24 million. The purchaser has paid a non-refundable deposit of $960,000 toward the purchase price. FelCor expects the sale to close in June. FelCor expects to use all of the proceeds to repay outstanding debt. Full Article
Felcor Lodging Trust Inc Names New Chief Financial Officer
Felcor Lodging Trust Inc announced the appointment of Michael C. Hughes as Senior Vice President, Chief Financial Officer and Treasurer, effective July 1, 2013. Mr. Hughes succeeds Andrew J. Welch, who is leaving the Company after 15 years of service. Mr. Welch will remain with FelCor through December 31, 2013 to facilitate the transition. Full Article
Felcor Lodging Trust Inc Reaffirms Same-Store RevPAR Guidance; Raises Low End Of Prior FY 2013 EBITDA And FFO Guidance To A Range In Line With Analysts' Estimates; Raises FY 2013 Net Income Guidance
Felcor Lodging Trust Inc announced that for fiscal 2013, it expects same-store RevPAR to increase between 5%-6%; adjusted EBITDA to be between $190.5 million and $205.0 million; adjusted FFO per share to be between $0.33 and $0.43; and net loss attributable to FelCor to be between $59 million and $51 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EBITDA $199 million, adjusted FFO per share of $0.38 and net income of ($101) million for fiscal 2013. Full Article
Felcor Lodging Trust Inc Declares Preferred Dividends
Felcor Lodging Trust Inc announced that its Board of Directors declared quarterly dividends payable with respect to its Series A Cumulative Convertible Preferred Stock and its 8% Series C Cumulative Redeemable Preferred Stock. FelCor will pay dividends of $0.4875 per share on its Series A Preferred Stock and $0.50 per depositary share evidencing its Series C Preferred Stock. The dividends will each be paid on April 30, 2013, to stockholders of record on April 15, 2013. Full Article
Felcor Lodging Trust Inc Comments On FY 2013 Same-Store RevPAR Guidance; Issues FY 2013 Earnings Guidance; FFO and Net Income Guidance Above Analysts' Estimates
Felcor Lodging Trust Inc announced that for fiscal 2013, it expects same-store RevPAR to increase between 5%-6%; adjusted EBITDA to be between $186 million and $205 million; adjusted FFO per share to be between $0.31 and $0.43; and net loss attributable to FelCor to be between $70 million and $63 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EBITDA $200 million, adjusted FFO per share of $0.15 and net income of ($93) million for fiscal 2013. Full Article
Felcor Lodging Trust Inc Declares Preferred Dividends
Felcor Lodging Trust Inc announced that Board of Directors declared quarterly dividends payable with respect to its Series A Cumulative Convertible Preferred Stock and its 8% Series C Cumulative Redeemable Preferred Stock. FelCor will pay dividends of $0.4875 per share on its Series A Preferred Stock and $0.50 per depositary share evidencing its Series C Preferred Stock. The dividends will each be paid on January 31, 2013, to stockholders of record on January 15, 2013. Full Article

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