The Suite
R EIT
Following recession, FelCor Lodging addresses debt maturities
and under-performing assets to lure back shareholders
By Anna Robaton
In 2008, Richard A. Smith, president and chief executive officer of FelCor Lodging Trust Inc. (NYSE: FCH), was well into a long-term effort to reposition the company when economic
disaster struck.
Making a Name for Itself
One of the country’s oldest and largest hotel REITs, FelCor owns interests in 84 hotels and resorts in 23 states and Canada, with a market
capitalization just north of $500 million. Its properties operate under
the Embassy Suites, Doubletree, Hilton, Marriott, Renaissance,
Sheraton, Westin and Holiday Inn brands.
