FelCor continues second phase of asset sales drive

04/10/2012 | HotelNewsNow.com

FelCor Lodging Trust is pushing forward with the second phase of its portfolio repositioning, in which it plans to divest an additional 39 hotels from its portfolio. The trust is looking to sell properties that generate low revenue per available room and whose capital expenditures exceed their rate of return, said Stephen A. Schafer, a vice president at FelCor. The company expects the sales to be complete by the middle of next year.

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