FelCor unloads two more non-strategic hotels

|About: FelCor Lodging Trust (FCH)|By:, SA News Editor

Continuing its portfolio repositioning plan, FelCor Lodging Trust (FCH -0.3%) announces the sale of the 196-room DoubleTree Suites Hotel Dana Point and the 251-room Embassy Suites Hotel-BWI Airport for total gross proceeds of $54.1M.

The company either has under agreement or is currently negotiating contracts on four other hotels for a total price of $73M. To date as part of the repositioning plan, FelCor has sold 28 non-strategic hotels for total proceeds of $627M.