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FelCor Lodging Trust, Inc.
Ticker Symbol: FCH* CUSIP: 31430F101 Exchange: NYSE
* NOTE: This security is no longer trading as of 9/01/2017
Company's Online Profile
BUSINESS: FelCor Lodging Trust, a real estate investment trust, went public in 1994. FelCor owns a diversified portfolio of primarily upper-upscale and luxury hotels that are located in major and resort markets. FelCor partners with leading hotel companies to operate their hotels, which are flagged under globally recognized names and premier independent hotels.
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Notes: Sep. 1, 2017-- RLJ Lodging Trust (NYSE:RLJ) today announced that it has completed its merger with FelCor Lodging Trust Incorporated. This transaction was previously approved by RLJ’s shareholders and FelCor’s stockholders at their respective special meetings held on August 15, 2017. The combined company, headquartered in Bethesda, Maryland, will retain the RLJ name and will trade under the existing ticker “RLJ” on the New York Stock Exchange. ____________ January 11, 2011 -- FelCor Lodging Trust Incorporated (NYSE:FCH) today announced that it has reinstated the quarterly dividend payments on its Series A Cumulative Convertible Preferred Stock and its 8% Series C Cumulative Redeemable Preferred Stock. FelCor will pay the current quarterly dividends of $0.4875 per share on its Series A Preferred Stock and $0.50 per depositary share evidencing its Series C Preferred Stock. The dividends will each be due and payable on January 31, 2011, to stockholders of record on January 18, 2011. The Company was previously restricted from paying dividends as it did not meet an interest coverage threshold relating to its 10% Senior Secured Notes. However, pro forma interest coverage for the most recently reported quarter exceeds the minimum threshold, as a result of the positive impact from recent capital transactions, including recent hotel dispositions. ____________ March 31, 2009 -- FelCor Lodging Trust Incorporated today announced that it has suspended the quarterly dividend payments on its Series A Cumulative Convertible Preferred Stock and its 8% Series C Cumulative Redeemable Preferred Stock. This decision reflects the company’s continued focus on preserving liquidity. The company does not anticipate that it will be required to pay any further dividends in 2009 to maintain its REIT status. By suspending its preferred dividends, the company will preserve approximately $10 million of liquidity per quarter, and expects to generate positive cash flow during 2009. Operating results through February were in-line with the high-end of our expectations. In the face of a difficult operating environment, I am pleased with our operating results so far this year, which reflect the continued expense management at the hotels and market share growth. However, given our focus on preserving liquidity during the recession, we feel that it is prudent to suspend our preferred dividend until conditions improve, said Richard A. Smith, FelCor’s President and Chief Executive Officer.
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Large Cap Stock -
Market Value $1.2 Billion
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 545 East John Carpenter Freeway, Suite 1300, Irving, TX 75062 |
| Main Phone Number |
972-444-4900 |
| Fax Number |
972-444-4949 |
| Investor Relations
Stephen A. Schafer
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972-444-4912
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Toll Free Phone Number |
Unknown |
| CEO - Richard A. Smith |
CFO - Michael C. Hughes |
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