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FelCor Sells NYC Hotel As Part of RLJ Merger

FelCor is selling Morgans Hotel NYC for $41 million in its merger with RLJ Lodging Trust. Once sold, the property will be used for residential purposes. The merger, announced late April, will focus on...

RLJ Lodging and FelCor to Merge into a $7 Billion REIT

BETHESDA, Md. – RLJ Lodging Trust and FelCor Lodging Trust Incorporated announced a merger agreement under which FelCor will merge with and into a wholly-owned subsidiary of RLJ in an all-stock transaction. The merger...
money, hotel sales

Ashford Hospitality Trust Proposes to Acquire FelCor

DALLAS—Ashford Hospitality Trust, a real estate investment trust focused on investing in the hospitality industry in upper upscale, full-service hotels, announced today that it has submitted a non-binding proposal to acquire FelCor Lodging Trust...

FelCor’s Rick Smith Ready to Go on the Offensive

When Rick Smith became chief financial officer of FelCor Lodging Trust in 2004, the Irving, Texas-based company owned a lot of assets that didn’t make sense in a REIT model. These 25- to 30-year-old,...

Felcor Lodging Trust Debuts Knickerbocker Hotel

IRVING, Texas—FelCor Lodging Trust has announced the opening of The Knickerbocker Hotel, located on the corner of 42nd Street and Broadway in New York City, in the heart of Times Square. The newly redeveloped...