FelCor Announces Closing Of $120 Million Loan
“We are pleased to have successfully refinanced our only significant 2009 debt maturity. The current lending environment remains very difficult, and our long-term relationship with Prudential was important in obtaining this financing,” said Andrew J. Welch, FelCor’s Executive Vice President and Chief Financial Officer.
FelCor, a real estate investment trust, is the nation’s largest owner of upper upscale, all-suite hotels. FelCor owns interests in 88 hotels and resorts, located in 23 states and Canada. FelCor’s portfolio consists mostly of upper upscale hotels, which are flagged under global brands such as Embassy Suites Hotels®, Doubletree®, Hilton®, Renaissance®, Sheraton®, Westin® and Holiday Inn®. Additional information can be found on the Company’s Web site at .
Stephen A. Schafer
VP Strategic Planning & Investor Relations