Monday August 5th, 2013 - 10:18AM
IRVING, TN—FelCor Lodging Trust Incorporated has agreed to sell the 223-room Embassy Suites in Baton Rouge for $20 million.
The purchaser has paid a $2 million non-refundable deposit toward the purchase price.
According to the company, all proceeds from the sale will be used to repay outstanding debt. FelCor expects the sale to close in August.