Posted 7/26/2012 - 7:43:54 AM
IRVING, TX–FelCor Lodging Trust second-quarter 2012 RevPAR rose 5.9%, compared to the same period in 2011.
During the period, the REIT sold six non-strategic hotels for $103 million. Proceeds were used to repay $73 million of related debt and other costs. The remainder will be used to pay $30 million of accrued preferred dividends.