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Felcor Lodging Trust Inc (FCH.N)

FCH.N on New York Stock Exchange

7.32USD
21 Apr 2017
Change (% chg)

$-0.05 (-0.68%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Ashford Hospitality offers to buy FelCor
Tuesday, 21 Feb 2017 04:15pm EST 

Ashford Inc - : Ashford Inc confirms support for proposed acquisition of FelCor Lodging Trust by Ashford Hospitality Trust . Says supports non-binding proposal of Ashford Hospitality Trust to acquire FelCor Lodging Trust .Says board of Ashford has authorized Ashford to participate in transaction on terms outlined in Ashford trust's letter to Felcor.  Full Article

Felcor Lodging Trust responds to Ashford Hospitality Trust's unsolicited proposal
Tuesday, 21 Feb 2017 11:25am EST 

Felcor Lodging Trust Inc : Felcor Lodging Trust responds to Ashford Hospitality Trust's unsolicited proposal . "company has engaged with AHT since last fall; unable to reach mutually beneficial terms" . Felcor acknowledged receipt of AHT's intent to nominate seven directors for nomination at company's next annual meeting . "Felcor shareholders need take no action at this time" . Felcor board will review AHT's proposal of Feb 21, 2017, together with its financial, legal advisors, respond as appropriate . Felcor board of directors will review AHT's nominees and make a recommendation to shareholders in due course .Proposal follows several months in which co engaged with AHT to explore possibility that mutually deal could be reached.  Full Article

Ashford hospitality trust proposes to acquire FelCor Lodging Trust at premium of 28 pct per share
Tuesday, 21 Feb 2017 08:00am EST 

Ashford Hospitality Trust Inc : Ashford Hospitality Trust proposes to acquire FelCor Lodging trust at a significant premium of 28% per share to create compelling long-term shareholder value . Deal for a total consideration of $9.27 per share, based on closing prices as of February 17, 2017 . Ashford Hospitality Trust - FelCor shareholders would receive fixed exchange ratio of 1.192 shares of Ashford trust, a total of 400,000 shares of FelCor inc . Ashford Hospitality Trust - FelCor shareholders would also receive total of 100,000 warrants to purchase aAshford Inc. Shares .Ashford Hospitality Trust Inc - FelCor shareholders would experience a dividend increase of over 138% in combined company.  Full Article

Felcor announces sale of Holiday Inn Nashville
Thursday, 1 Sep 2016 03:57pm EDT 

Felcor Lodging Trust Inc : Felcor announces sale of Holiday Inn Nashville . Sold 383-room Holiday Inn Nashville airport to affiliate of Fairwood Capital, LLC for gross proceeds of $31.6 million .Felcor will use proceeds to repay borrowings under its line of credit.  Full Article

Felcor Lodging Trust Q2 adjusted FFO per share $0.32
Tuesday, 26 Jul 2016 08:37am EDT 

Felcor Lodging Trust Inc : Qtrly same-store revpar increased 2.6% over same period in 2015 . Felcor Lodging Trust Inc Sees FY 2016 Revpar For Same Store hotels will increase 3.0 - 4.0% . Felcor reports second quarter 2016 earnings . Q2 adjusted FFO per share $0.32 . Sees FY 2016 adjusted FFO per share $0.87 to $0.92 . Says during 2016, plan to invest approximately $60 million in renovations as part of our long-term capital plan . Expect to invest approximately $15 million in redevelopment projects this year .Sees adjusted EBITDA will be $237.0 million - $243.0 million for the year.  Full Article

FelCor Lodging Trust Declares First Quarter Dividends
Thursday, 31 Mar 2016 08:37am EDT 

FelCor Lodging Trust Incorporated:declared first quarter dividends on its common and preferred stock.FelCor will pay $0.06 per share on its common stock and $0.4875 per share on its Series A Preferred Stock.The dividends will be paid on April 29, 2016 to stockholders of record on April 15, 2016.  Full Article

FelCor Lodging Trust Inc to sell morgans and royalton hotels
Friday, 29 Jan 2016 08:30am EST 

FelCor Lodging Trust Inc: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.Morgans will continue to manage the properties for FelCor until they are sold.  Full Article

FelCor Lodging Trust Inc declares fourth quarter dividends
Monday, 21 Dec 2015 08:37am EST 

FelCor Lodging Trust Inc:Declared fourth quarter dividends on its common and preferred stock.Approved a 50% increase in the quarterly common stock dividend, authorizing FelCor to pay $0.06 per share.Additionally, the company will pay preferred dividends of $0.4875 per share on its Series A Preferred Stock.Dividends will be paid on January 29, 2016 to stockholders of record on January 15, 2016.  Full Article

FelCor Lodging Trust Inc updates FY 2015 guidance
Tuesday, 28 Jul 2015 08:37am EDT 

FelCor Lodging Trust Inc:Expects FY 2015 RevPAR for same-store hotels to increase 8.75 - 9.5 pct.Expects FY 2015 adjusted EBITDA to be $242.0-$247.5 million.Expects FY 2015 adjusted FFO per share to be $0.86-$0.90.Expects FY 2015 net income attributable to the company to be $18.6-$24.0 million.  Full Article

Felcor Lodging Trust to sell three non-strategic hotels
Tuesday, 14 Jul 2015 04:07pm EDT 

Felcor Lodging Trust:Announces sale of three non-strategic hotels.Sold embassy suites charlotte,embassy suites San Antonio-nw i-10, embassy suites Austin-central for gross proceeds of $90 million.Says Felcor is using asset sale proceeds to repay outstanding debt.Has executed contracts to sell two remaining non-strategic hotels and expects to sell both in the third quarter of this year.  Full Article

More From Around the Web

BRIEF-Ashford Hospitality Trust sends letter to Felcor Lodging Trust CEO

* Ashford Hospitality Trust says sent letter to CEO of Felcor Lodging Trust Inc, in response to Felcor's letter regarding potential business combination