-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WbC0Ef4l7jW5GreHCyGBnT5gzOI0Qeu8mibJ37aHIjtsTH2a4crsg9k2d5lvb5t+ d+M4M4Y3dOvZ1dEjn3Ym0A== 0000899078-06-000320.txt : 20060411 0000899078-06-000320.hdr.sgml : 20060411 20060411171730 ACCESSION NUMBER: 0000899078-06-000320 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060406 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060411 DATE AS OF CHANGE: 20060411 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FelCor Lodging Trust Inc CENTRAL INDEX KEY: 0000923603 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 752541756 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14236 FILM NUMBER: 06754227 BUSINESS ADDRESS: STREET 1: 545 E JOHN CARPENTER FREEWAY STREET 2: SUITE 1300 CITY: IRVING STATE: TX ZIP: 75062 BUSINESS PHONE: 9724444900 MAIL ADDRESS: STREET 1: 545 E JOHN CARPENTER FREEWAY STREET 2: SUITE 1300 CITY: IRVING STATE: TX ZIP: 75062 FORMER COMPANY: FORMER CONFORMED NAME: FELCOR LODGING TRUST INC DATE OF NAME CHANGE: 19980810 FORMER COMPANY: FORMER CONFORMED NAME: FELCOR SUITE HOTELS INC DATE OF NAME CHANGE: 19940523 8-K 1 form8k-april62006.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

 

Date of Report (Date of earliest event reported)

April 6, 2006

 

 

FelCor Lodging Trust Incorporated

(Exact name of registrant as specified in its charter)

 

 

Maryland

001-14236

75-2541756

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

 

 

545 E. John Carpenter Frwy., Suite 1300

Irving, Texas

 

 

75062

(Address of principal executive offices)

 

(Zip Code)

 

 

 

Registrant’s telephone number, including area code

(972) 444-4900

 

 

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

 

(17 CFR 240.14d-2(b))

 

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

(17 CFR 240.13e-4(c))

 

 

 

 

Section 2 – Financial Information

 

Item 2.02 Results of Operations and Financial Condition.

 

On April 6, 2006, FelCor Lodging Trust Incorporated issued a press release reporting, among other things, that consolidated hotel revenue per available room, or RevPAR, increased approximately 15 percent in March and approximately 14 percent for the first quarter of 2006, compared to the same periods of 2005. A copy of the press release is included as an exhibit to this Current Report on Form 8-K. A copy of the press release is also available on FelCor Lodging Trust Incorporated’s website at www.felcor.com, on its Investor Relations page.

 

The information in this Current Report on Form 8-K, including the exhibits, is provided under Item 2.02 of Form 8-K and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. Furthermore, the information in this Current Report on Form 8-K, including the exhibits, shall not be deemed to be incorporated by reference into the filings of the registrant under the Securities Act of 1933 regardless of any general incorporation language in such filings.

 

Section 9 – Financial Statements and Exhibits

 

Item 9.01 Financial Statements and Exhibits.

 

(c)

Exhibits.

 

The following exhibits are furnished in accordance with the provisions of Item 601 of Regulation S-K:

 

Exhibit

Number

 

Description of Exhibit

 

 

99.1

Press release issued by FelCor Lodging Trust Incorporated on April 6, 2006, announcing sale of two hotels and RevPAR results for first quarter.

 

 

 

 

 

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

FELCOR LODGING TRUST

INCORPORATED

 

 

Date: April 11, 2006

By:

/s/ Lester C. Johnson

 

 

Name:

Lester C. Johnson

 

 

Title:

Senior Vice President & Controller

 

 

 

 

 

 

INDEX TO EXHIBITS

 

 

Exhibit

Number

 

Description of Exhibit

 

 

99.1

Press release issued by FelCor Lodging Trust Incorporated on April 6, 2006, announcing sale of two hotels and RevPAR results for first quarter.

 

 

 

 

 

 

 

 

 

EX-99 2 exhibit99-1april62006.htm

EXHIBIT 99.1

 


 

For Immediate Release:

 

FELCOR SELLS TWO HOTELS FOR $63 MILLION

 

IRVING, Texas...April 6, 2006 — FelCor Lodging Trust Incorporated (NYSE: FCH), one of the nation’s largest hotel real estate investment trusts (REITs), today announced it has closed on the sale of two previously identified non-strategic hotels for $63 million.

 

The non-strategic hotels are the 304-room Crowne Plaza® hotel in Miami, Fla., and the 445-room Crowne Plaza hotel in Philadelphia, Pa. The two hotels were purchased by Hospitality Properties Trust (“HPT”). This year through April 6, 2006, FelCor has sold 10 non-strategic hotels for an aggregate sales price of $226 million, which includes nine hotels sold to HPT. These sales are part of the strategy unveiled earlier this year to sell non-strategic hotels, use the proceeds to reduce debt and invest on high return-on-investment capital projects at the Company’s remaining core hotels. After the sale of these hotels, FelCor will have 25 non-strategic hotels remaining, which the Company intends to sell in 2006 and 2007.

 

FelCor also reported that consolidated hotel revenue per available room increased approximately 15 percent in March and approximately 14 percent for the first quarter of 2006, compared to the same periods of 2005.

 

FelCor is the nation’s largest owner of full service, all-suite hotels. FelCor’s portfolio is comprised of 115 hotels, located in 28 states and Canada. FelCor owns 62 full service, all-suite hotels, and is the largest owner of Embassy Suites Hotels® and Doubletree Guest Suites® hotels. FelCor’s hotels are flagged under global brands such as Embassy Suites Hotels, Doubletree®, Hilton®, Sheraton®, Westin® and Holiday Inn®. FelCor has a current market capitalization of approximately $3.3 billion. Additional information can be found on the Company’s Web site at www.felcor.com.

 

With the exception of historical information, the matters discussed in this news release include “forward looking statements” within the meaning of the federal securities laws that are qualified by cautionary statements contained herein and in FelCor’s filings with the Securities and Exchange Commission.

 

Contact:

Monica L. Hildebrand, Vice President of Communications

(972) 444-4917

mhildebrand@felcor.com

Stephen A. Schafer, Vice President of Investor Relations

(972) 444-4912

sschafer@felcor.com

 

 

###

 

 

 

 

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