Wednesday February 5th, 2014 - 9:45AM
ATLANTA—FelCor Lodging Trust Incorporated has sold its 232-room Embassy Suites hotel located here for $17.2 million.
The company also agreed to sell its 218-room Embassy Suites hotel in Bloomington, MN for $24 million. The purchaser has paid a non-refundable deposit toward the purchase price, and FelCor expects the sale to close in March.
FelCor is using asset sales proceeds to repay outstanding debt, including the $11-million loan secured by the Atlanta property.