FelCor announces conversion plans for 8 Holiday Inn hotels

01/23/2013 | GlobeSt.com

FelCor Lodging Trust says it has signed a deal with Wyndham Hotel Group to rebrand eight Holiday Inn properties as Wyndham properties. "This agreement is focused on repositioning our portfolio in order to improve our portfolio quality, increase hotel operating income and create and protect long-term value for our stockholders," FelCor President and CEO Richard A. Smith said in a statement. The company intends to invest about $34 million over the next three years for the renovation and rebranding process.

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