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FelCor Q2 RevPAR Increased 5.9%

Posted 7/26/2012 - 7:43:54 AM

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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. 

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