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FelCor Agrees to Sell Embassy Suites Baton Rouge

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.