FelCor Lodging Trust Incorporated FCH today announced that it has sold
the 222-room Embassy Suites – Anaheim-North for $25.5 million to Urban
Commons, LLC. FelCor will use the net proceeds to repay a portion of the $88
million balance on the CMBS loan that matures in 2013.
As part of its long-term portfolio repositioning strategy, which includes the
sale of 39 non-strategic hotels, FelCor is currently marketing nine hotels.
FelCor has sold 16 of the 25 hotels that it has brought to market since
December 2010.
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