FELCOR LODGING TR INC
SymbolFCH

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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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