EX-99.5 10 d87903ex99-5.txt CONSENT OF SALOMON SMITH BARNEY INC. 1 EXHIBIT 99.5 [LETTERHEAD OF SALOMON SMITH BARNEY INC.] The Board of Directors MeriStar Hospitality Corporation 1010 Wisconsin Avenue, N.W. Washington, D.C. 20007 Members of the Board: We hereby consent to the inclusion of our opinion letter as Appendix D to, and to the reference thereto under the caption "SUMMARY -- Opinions of Financial Advisors -- MeriStar" and "THE MERGER -- Opinion of MeriStar's Financial Advisor" in, the Joint Proxy Statement/Prospectus of FelCor Lodging Trust Incorporated ("FelCor") and MeriStar Hospitality Corporation ("MeriStar") relating to the proposed merger involving FelCor and MeriStar, which Joint Proxy Statement/Prospectus is part of the Registration Statement on Form S-4 of FelCor. By giving such consent, we do not thereby admit that we are experts with respect to any part of such Registration Statement within the meaning of the term "expert" as used in, or that we come within the category of persons whose consent is required under, the Securities Act of 1933, as amended, or the rules and regulations of the Securities and Exchange Commission promulgated thereunder. By /s/ SALOMON SMITH BARNEY INC. --------------------------------- SALOMON SMITH BARNEY INC. New York, New York June 7, 2001