FelCor's asset-repositioning strategy will continue, CEO says

02/22/2013 | HotelNewsNow.com

FelCor Lodging Trust will continue to push for higher shareholder value this year through sales of noncore assets, rebranding and redevelopment projects, says FelCor President and CEO Richard Smith. The company plans to sell up to 11 hotels this year, with gross proceeds expected to reach $275 million. FelCor announced that its revenue per available room was up 4.8% during 2012's fourth quarter, and its average daily rate grew 5.2%.

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