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Felcor Lodging Trust Inc (FCH.N)

FCH.N on New York Stock Exchange

7.02USD
18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

RLJ shareholders and Felcor stockholders approve merger
Tuesday, 15 Aug 2017 08:53pm EDT 

Aug 15 (Reuters) - Rlj Lodging Trust :RLJ Lodging - at special meetings shareholders of RLJ approved issuance of common shares of beneficial interest, par value $0.01 per share, of RLJ.RLJ Lodging - stockholders of Felcor approved Felcor's merger with, into unit of RLJ in stock-for-stock transaction.RLJ Lodging Trust - about 78 percent of votes cast were voted in favor of proposal related to issuance of RLJ common shares.RLJ Lodging - at special meeting of Felcor stockholders about 99 percent of votes cast in favor of merger.  Full Article

Felcor Lodging Trust Q2 adjusted FFO per share $0.26
Wednesday, 9 Aug 2017 08:37am EDT 

Aug 9 (Reuters) - Felcor Lodging Trust Inc :Felcor reports second quarter 2017 earnings.Q2 adjusted FFO per share $0.26.Qtrly ‍net loss attributable to felcor common stockholders $0.06 per share​.Special meeting to approve merger with RLJ scheduled for August 15​.Qtrly ‍same-store revpar was $161.98 compared to $163.62 for same period in 2016​.Due to pending merger with RLJ, co is not providing any further updates to guidance for remainder of year​.Q2 FFO per share view $0.29 -- Thomson Reuters I/B/E/S.Net loss in quarter includes a $10.3 million impairment charge, reflecting further basis reduction for two hotels held for sale at June 30.  Full Article

Felcor sells Royalton New York
Tuesday, 1 Aug 2017 05:57pm EDT 

Aug 1 (Reuters) - Felcor Lodging Trust Inc :Felcor sells Royalton New York.Felcor Lodging Trust - ‍sold 168-room Royalton New York Hotel to a joint venture between Rockpoint Group and Highgate for gross proceeds of $55 million​.Felcor Lodging Trust Inc says will use net proceeds to repay borrowings under its line of credit.  Full Article

Felcor announces consent solicitation with respect to 6% senior notes due 2025
Tuesday, 1 Aug 2017 12:00pm EDT 

Aug 1 (Reuters) - Felcor Lodging Trust Inc :Felcor announces consent solicitation with respect to its 6.000% senior notes due 2025.Co, unit announced that Felcor LP has commenced a consent solicitation with respect to its 6.000% senior notes due 2025.  Full Article

Felcor sells Morgans New York
Tuesday, 18 Jul 2017 12:30pm EDT 

July 18 (Reuters) - Felcor Lodging Trust Inc ::Felcor sells Morgans New York.Sold its 117-room Morgans New York hotel for gross proceeds of $37 million.​.Felcor will use net proceeds to repay borrowings under its line of credit.Royalton New York remains under contract and is expected to close in early August for gross proceeds of $55 million.Company continues to proceed with its previously announced efforts to market Knickerbocker for sale.  Full Article

FelCor Lodging Trust Q1 adjusted FFO per share $0.09
Tuesday, 9 May 2017 08:30am EDT 

May 9 (Reuters) - FelCor Lodging Trust Inc :Felcor reports first quarter 2017 earnings.Q1 adjusted FFO per share $0.09.Felcor lodging trust inc qtrly same-store revpar was $142.15 compared to $143.97 for same period in 2016.Felcor lodging trust inc - in q1 of 2017, our adjusted ffo per share and adjusted ebitda met expectations on which we based our full-year guidance.Felcor lodging trust inc - do not plan to provide any further updates to guidance for remainder of year, given pending merger.Felcor lodging trust inc qtrly reaffirming fy guidance provided in february 23, 2017.Felcor lodging trust inc - "for remainder of year, we remain focused on operating business and working to complete our merger with rlj.".Q1 FFO per share view $0.12 -- Thomson Reuters I/B/E/S.  Full Article

Ashford Trust reports Q1 adjusted FFO per share $0.32
Thursday, 4 May 2017 04:15pm EDT 

May 4 (Reuters) - Ashford Hospitality Trust Inc :Ashford Trust reports first quarter 2017 results.Says comparable revpar for all hotels increased 3.4% during quarter.Q1 adjusted FFO per share $0.32.Says comparable revpar for all hotels not under renovation increased 4.5% during quarter.Q1 FFO per share view $0.28 -- Thomson Reuters I/B/E/S.  Full Article

RLJ Lodging Trust and Felcor Lodging Trust to merge
Monday, 24 Apr 2017 06:00am EDT 

April 24 (Reuters) - Rlj Lodging Trust :RLJ Lodging Trust and Felcor Lodging Trust to merge creating $7 billion leading lodging REIT.Post-Merger, RLJ is expected to have a pro forma equity market capitalization of approximately $4.2 billion.RLJ Lodging - each share of Felcor stock will be converted into 0.362 shares of newly issued common shares of RLJ common stock in a taxable merger.Strategic merger was unanimously approved by boards of both companies.RLJ Lodging Trust - Felcor operating units will be exchanged for ltd partnership units in RLJ's operating partnership at similar exchange ratio of 0.362.RLJ Lodging Trust says combined company will continue to be led by Robert L. Johnson as executive chairman.Merger will be immediately accretive to RLJ's REVPAR with pro forma 2016 REVPAR increasing 5.4% to $137.RLJ Lodging Trust - once merger is consummated, company will retain RLJ Lodging Trust name and will trade under ticker symbol "RLJ".RLJ Lodging Trust says co's shareholders expected to own about 71 percent of combined co equity; Felcor's shareholders expected to own remaining 29 percent.RLJ Lodging Trust says combined company will continue to be led by Ross H. Bierkan as president and chief executive officer.Following closing , new company expects to pay a quarterly dividend of $0.33 per common share of beneficial interest.  Full Article

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

BRIEF-Felcor Lodging Trust Q2 adjusted FFO per share $0.26

* Qtrly ‍net loss attributable to felcor common stockholders $0.06 per share​