This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:FelCor Reports Third Quarter Results – Continues to Accomplish 2009 Goals 2009-11-03 17:10 ET - News Release  Company Website:
http://www.felcor.com IRVING, Texas -- (Business Wire)
FelCor Lodging Trust Incorporated (NYSE: FCH) today reported operating
results for the third quarter ended September 30, 2009.
“We continue to accomplish the goals we set at the beginning of the
year: extend debt maturities; ensure adequate liquidity; and operate our
hotels as efficiently as possible. We refinanced our senior corporate
debt with new senior notes, thereby pushing the maturity to 2014 and
substantially removing the Company’s refinancing risk,” said Richard A.
Smith, FelCor’s President and Chief Executive Officer. “I am pleased
with our market share gains and flow-through, despite lower than
expected RevPAR. We continue to lead other lodging companies in these
three areas. Our high-quality and well-located portfolio improved market
share by approximately two percent during the quarter and intense cost
containment limited the flow-through of reduced revenue to the bottom
line to only 51 percent, which was better than expected,” continued Mr.
Smith.
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