Exhibit 99.2

FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

Date of Issuance July 28, 2004

All dollar amounts shown in this report are in U.S. dollars unless otherwise noted.
This Supplemental Information is neither an offer to sell nor a solicitation to buy any
securities of FelCor. Any offers to sell or solicitations to buy any securities of FelCor shall
be made by means of a prospectus.

FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

TABLE OF CONTENTS

	PAGE
CORPORATE DATA
About the Company		3
Board of Directors and Executive Officers		4
Equity Research Coverage		5
FINANCIAL HIGHLIGHTS
Supplemental Financial Data		6
Consolidated Statements of Operations		7
Discontinued Operations		8
Reconciliation of Net Loss to FFO		9
Reconciliation of Net Loss to EBITDA		10
Selected Operating Data		11
Hotel Operating Expense Composition		11
Debt Summary		12
PORTFOLIO DATA
Portfolio Distribution		14
Detailed Operating Statistics by Brand		15
Detailed Operating Statistics for FelCor’s Top Markets		16
Other Performance Statistics		17
Hotel Portfolio Information		18
Hotel Portfolio Listing		20

This supplement contains registered trademarks owned or licensed by companies other than us, which may include, but are not limited to, Candlewood Suites®, Courtyard by Marriott®, Crowne Plaza®, Disneyland®, Doubletree®, Doubletree Guest Suites®, Embassy Suites Hotels®, Fairfield Inn®, Four Points® by Sheraton, Hampton Inn®, Harvey Hotel®, Harvey Suites®, Hilton®, Hilton Grand Vacations Company®, Hilton Suites®, Holiday Inn®, Holiday Inn & Suites®, Holiday Inn Express®, Holiday Inn Express & Suites®, Holiday Inn Select®, Homewood Suites® by Hilton, InterContinental®, Priority Club®, Sheraton®, Sheraton Suites®, St. Regis®, Staybridge Suites®, The Luxury Collection®, W®, Walt Disney World®, Worlds of Fun®, Westin®, and Wyndham®.

With the exception of historical information, the matters discussed in this supplement include “forward looking statements” within the meaning of the federal securities laws. Forward looking statements are not guarantees of future performance. Numerous risks and uncertainties, and the occurrence of future events, may cause actual results to differ materially from those currently anticipated. General economic conditions, including the continuation and magnitude of the current recovery in the economy, the realization of anticipated job growth, the impact of U.S. military involvement in the Middle East and elsewhere, future acts of terrorism, the impact on the travel industry of increased security precautions, the availability of capital, the ability to effect sales of non-strategic hotels at anticipated prices, and numerous other factors may affect future results, performance and achievements. Certain of these risks and uncertainties are described in greater detail in our filings with the Securities and Exchange Commission. Although we believe our current expectations to be based upon reasonable assumptions, we can give no assurance that our expectations will be attained or that actual results will not differ materially.

2

FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

CORPORATE DATA
About the Company

In 1994, FelCor Lodging Trust Incorporated went public as a real estate investment trust (REIT) with six hotels and a market capitalization of $120 million. At June 30, 2004, FelCor was the nation’s second largest lodging REIT and the owner of the largest number of full service, all-suite hotels in the U.S. FelCor’s portfolio was comprised of 154 consolidated hotels, including 153 hotels in continuing operations and one hotel that was “held for sale” and included in discontinued operations. For the 153 hotels included in continuing operations, the operating revenues and expenses are reflected in FelCor’s consolidated statements of operations because of our ownership of the operating lessees of these hotels. FelCor also owned 50 percent joint venture interests in the operating lessees of four hotels whose operations are accounted for using the equity method. FelCor owned 71 full service, all-suite hotels, and was the largest owner of Embassy Suites Hotels and independently owned Doubletree Guest Suites hotels. FelCor’s portfolio also included 72 hotels in the upscale and full service segments. The Company’s hotels were located in 33 states and Canada. FelCor had a market capitalization of approximately $3.0 billion at June 30, 2004.

Strategy

FelCor’s hotels are generally managed by the brand owners such as Hilton Hotels Corporation, InterContinental Hotels Group, and Starwood Hotels & Resorts. FelCor is competitively positioned to deliver superior long-term stockholder returns through its strong management team, diversified upscale and full-service hotels, and strategic brand manager alliances.

Stock and Debt Ratings

	Senior Unsecured Debt		Preferred Stock
Moody’s		B1		B3
Standard & Poors		B-		CCC

Stock Exchange Listing
Common Stock (NYSE: FCH)
$1.95 Series A Cumulative Convertible Preferred Stock (NYSE: FCHPRA)
9% Series B Cumulative Redeemable Preferred Stock (NYSE: FCHPRB)

Fiscal Year End
December 31

Number of employees
65

Corporate Headquarters
545 E. John Carpenter Frwy., Suite 1300
Irving, TX 75062
(972) 444-4900

Investor Relations Contact
Stephen A. Schafer
Vice President of Investor Relations
(972) 444-4912
sschafer@felcor.com Media Contact
Monica L. Hildebrand
Vice President of Communications
(972) 444-4917
mhildebrand@felcor.com

Information Request
information@felcor.com

3

FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

Board of Directors

Donald J. McNamara, Chairman of the Board
Principal, The Hampstead Group

Thomas J. Corcoran, Jr.
President and Chief Executive Officer, FelCor Lodging Trust Incorporated

Melinda J. Bush, C.H.A.
Chairman and Chief Executive Officer, HRW Holdings, LLC

Richard S. Ellwood
President, R.S. Ellwood and Co., Inc.

Richard O. Jacobson
Chairman of the Board, Jacobson Warehouse Company, Inc.

Charles A. Ledsinger, Jr.
President and Chief Executive Officer, Choice Hotels International

Robert H. Lutz, Jr.
President, RL Investments, Inc.

Robert A. Mathewson
President, RGC, Inc.

Richard C. North
Chief Executive Officer, InterContinental Hotels Group

Michael D. Rose
Chairman, Gaylord Entertainment Company

Executive Officers

Thomas J. Corcoran, Jr., President and Chief Executive Officer

Michael A. DeNicola, Executive Vice President and Chief Investment Officer

Lawrence D. Robinson, Executive Vice President, General Counsel and Secretary

Jack Eslick, Senior Vice President, Director of Asset Management

Lester C. Johnson, Senior Vice President, Controller and Principal Accounting Officer

June C. McCutchen, Senior Vice President, Director of Design and Construction

Larry J. Mundy, Senior Vice President, Director of Business Initiatives and Assistant General Counsel

Andrew J. Welch, Senior Vice President and Treasurer

4

FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

Equity Research Coverage

Firm	Analyst	Telephone
A.G. Edwards & Sons	Arthur L. Havener	(314) 955-3588
Bear Stearns	Mark Abramson	(212) 272-4305
Calyon Securities	Bryan A. Maher	(212) 408-5649
Deutsche Bank	Marc J. Falcone	(212) 469-7417
Friedman, Billings, Ramsey, & Co.	David Loeb	(703) 469-1289
Green Street Advisors	John Arabia	(949) 640-8780
JPMorgan	Harry C. Curtis	(212) 622-6610
Legg Mason	Rod F. Petrik	(410) 454-4131
Merrill Lynch	David W. Anders/Philippe Marleau	(212) 449-2739
Prudential	James W. Sullivan	(212) 778-2515
Smith Barney Citigroup	Michael J. Rietbrock	(212) 816-0215
UBS	William B. Truelove	(212) 713-3098
Wachovia Securities	Jeffrey J. Donnelly	(617) 603-4262

5

FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

FINANCIAL HIGHLIGHTS

Supplemental Financial Data
(in thousands, except per share information, ratios and percentages)

	June 30,			December 31,
Total Enterprise Value	2004			2003
Common shares outstanding		59,423			59,120
Units not held by FelCor		3,033			3,034
Combined shares and units		62,456			62,154
Common stock price at end of period	$	12.10		$	11.08
Common equity capitalization	$	755,718		$	688,666
Series A preferred stock		256,600			149,512
Series B preferred stock		169,395			169,395
Consolidated debt		1,872,795			2,037,355
Minority interest share of consolidated debt		(26,784	)		(25,153	)
Pro rata share of unconsolidated debt(c)		105,180			106,899
Cash and cash equivalents		(148,146	)		(246,036	)
Total enterprise value(TEV)	$	2,984,758		$	2,880,638
TEV per room(a)	$	75		$	69
Pro rata rooms owned		39,897			41,460
Dividends Per Share
Dividends declared (quarter ended):
Common	$	—		$	—
Series A preferred stock		0.4875			0.4875
Series B preferred stock (depository shares)		0.5625			0.5625
Selected Balance Sheet Data
Investment in hotels, at cost(b)	$	4,313,885		$	4,234,732
Total cash and cash equivalents		148,146			246,036
Total assets		3,460,802			3,590,893
Total debt		1,872,795			2,037,355
Total stockholders’ equity		1,333,138			1,296,272
Total stockholders equity less preferred equity		907,143			977,365
Book value per common share outstanding		15.27			16.53

(a)	Based on pro rata ownership.
(b)	Investment in hotels, at cost, is defined as consolidated hotel book value (after impairment charges but before accumulated depreciation) plus our pro rata share of unconsolidated investment in hotels before accumulated depreciation.
(c)	Excludes our pro rata share of debt related to the construction of a residential condominium project in Myrtle Beach, South Carolina.

6

FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

Consolidated Statements of Operations
(in thousands, except per share data)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2004			2003			2004			2003
Revenues:
Hotel operating revenue:
Room	$	260,699		$	238,347		$	504,218		$	462,613
Food and beverage		51,875			47,553			98,455			90,637
Other operating departments		16,992			16,043			33,177			31,008
Retail space rental and other revenue		180			236			425			618
Total revenues		329,746			302,179			636,275			584,876
Expenses:
Hotel departmental expenses:
Room		69,322			60,801			134,285			118,354
Food and beverage		40,674			36,511			78,143			71,031
Other operating departments		8,698			7,175			16,879			13,936
Other property related costs		92,549			84,355			183,841			168,048
Management and franchise fees		17,184			15,347			32,751			30,398
Taxes, insurance and lease expense		30,967			31,254			62,154			61,534
Corporate expenses		4,393			3,737			7,779			7,160
Depreciation		30,148			34,317			60,797			67,993
Total operating expenses		293,935			273,497			576,629			538,454
Operating income		35,811			28,682			59,646			46,422
Interest expense, net		(39,737	)		(41,007	)		(80,857	)		(80,826	)
Charge-off of deferred financing costs		(3,944	)		(2,834	)		(4,174	)		(2,834	)
Loss on early extinguishment of debt		(28,246	)		—			(28,246	)		—
Gain on swap termination		1,005			—			1,005			—
Loss before equity in income from unconsolidated entities, minority interests and gain on sale of assets		(35,111	)		(15,159	)		(52,626	)		(37,238	)
Equity in income from unconsolidated entities		2,691			726			3,673			578
Gain on sale of assets		—			153			—			153
Minority interests		2,312			1,384			3,381			2,511
Loss from continuing operations		(30,108	)		(12,896	)		(45,572	)		(33,996	)
Discontinued operations		(1,565	)		(7,307	)		(6,800	)		(7,298	)
Net loss		(31,673	)		(20,203	)		(52,372	)		(41,294	)
Preferred dividends		(8,970	)		(6,728	)		(15,696	)		(13,454	)
Net loss applicable to common stockholders	$	(40,643	)	$	(26,931	)	$	(68,068	)	$	(54,748	)
Basic and diluted per common share data:
Net loss from continuing operations	$	(0.66	)	$	(0.34	)	$	(1.04	)	$	(0.81	)
Net loss	$	(0.69	)	$	(0.46	)	$	(1.15	)	$	(0.93	)
Weighted average common shares outstanding		58,950			58,591			58,952			58,562

7

FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

Discontinued Operations
(in thousands)

     Included in discontinued operations are the results of operations of the eight hotels sold in the first and second quarters of 2004, one hotel designated as held for sale at June 30, 2004, and 16 hotels sold in 2003. Condensed financial information for the hotels included in discontinued operations is as follows:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2004			2003			2004			2003
Hotel operating revenue	$	5,690		$	26,377		$	14,776		$	51,026
Hotel operating expenses		6,121			25,842			16,082			51,000
Operating income		(431	)		535			(1,306	)		26
Direct interest costs, net		—			(244	)		—			(678	)
Gain on the early extinguishment of debt		—			307			—			1,260
Impairment		—			(7,824	)		—			(7,824	)
Lease termination expense		—			—			(4,900	)		—
Loss on sale of assets		(1,214	)		(483	)		(941	)		(483	)
Minority interest		80			402			347			401
Loss from discontinued operations	$	(1,565	)	$	(7,307	)	$	(6,800	)	$	(7,298	)

8

FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

Reconciliation of Net Loss to FFO
(in thousands, except per share data)

	Three Months Ended June 30,
	2004								2003
						Per Share								Per Share
	Dollars			Shares		Amount			Dollars			Shares		Amount
Net loss	$	(31,673	)						$	(20,203	)
Preferred dividends		(8,970	)							(6,728	)
Net loss applicable to common stockholders	$	(40,643	)		58,950	$	(0.69	)	$	(26,931	)		58,591		(0.46	)
Depreciation from continuing operations		30,148			—		0.51			34,317			—		0.59
Depreciation from unconsolidated entities and discontinued operations		1,870			—		0.03			5,609			—		0.10
Loss on sale of assets		1,214			—		0.02			330			—		0.01
Minority interest in FelCor LP		(2,078	)		3,033		(0.02	)		(1,493	)		3,254		(0.05	)
Conversion of options and unvested restricted stock		—			—		—			—			309		—
FFO	$	(9,489	)		61,983	$	(0.15	)	$	11,832			62,154	$	0.19

	Six Months Ended June 30,
	2004								2003
						Per Share								Per Share
	Dollars			Shares		Amount			Dollars			Shares		Amount
Net loss	$	(52,372	)						$	(41,294	)
Preferred dividends		(15,696	)							(13,454	)
Net loss applicable to common stockholders	$	(68,068	)		58,952	$	(1.15	)	$	(54,748	)		58,562	$	(0.93	)
Depreciation from continuing operations		60,797			—		1.03			67,993			—		1.16
Depreciation from unconsolidated entities and discontinued operations		3,888			—		0.07			10,899			—		0.19
Loss on sale of assets		941			—		0.02			330			—		0.01
Lease termination costs(a)		4,900			—		0.08						—
Minority interest in FelCor LP		(3,485	)		3,033		(0.07	)		(3,050	)		3,271		(0.09	)
Conversion of options and unvested restricted stock		—			—		—			—			309		—
FFO	$	(1,027	)		61,985	$	(0.02	)	$	21,424			62,142	$	0.34

(a) We consider this lease termination cost, associated with the early termination of a lease, to be unusual or non-recurring in accordance with Item 10 of Regulation S-K.

Consistent with SEC guidance, FFO has not been adjusted for the following amounts included in net loss (in thousands):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2004			2003			2004			2003
Charge off of deferred debt costs	$	3,944		$	2,834		$	4,174		$	2,834
Loss (gain) on early extinguishment of debt		28,246			(307	)		28,246			(1,260	)
Gain on swap termination		(1,005	)		—			(1,005	)		—
Impairment		—			7,824			—			7,824
	$	31,185		$	10,351		$	31,415		$	9,398
Per share amounts	$	0.50		$	0.17		$	0.51		$	0.15

9

FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

Reconciliation of Net Loss to EBITDA
(in thousands)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2004			2003			2004			2003
Net loss	$	(31,673	)	$	(20,203	)	$	(52,372	)	$	(41,294	)
Depreciation from continuing operations		30,148			34,317			60,797			67,993
Depreciation from unconsolidated entities and discontinued operations		1,870			5,609			3,888			10,899
Loss on sale of assets		1,214			330			941			330
Minority interest in FelCor Lodging LP		(2,078	)		(1,493	)		(3,485	)		(3,050	)
Lease termination costs		—			—			4,900			—
Interest expense		40,334			41,561			82,178			81,751
Interest expense from unconsolidated entities and discontinued operations		1,407			2,296			2,727			5,073
Amortization expense		519			564			1,022			1,080
EBITDA	$	41,741		$	62,981		$	100,596		$	122,782

Consistent with SEC guidance, EBITDA has not been adjusted for the following amounts included in net loss (in thousands):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2004			2003			2004			2003
Charge off of deferred debt costs	$	3,944		$	2,834		$	4,174		$	2,834
Loss (gain) on early extinguishment of debt		28,246			(307	)		28,246			(1,260	)
Gain on swap termination		(1,005	)		—			(1,005	)		—
Impairment		—			7,824			—			7,824
	$	31,185		$	10,351		$	31,415		$	9,398

     Historical cost accounting for real estate assets implicitly assumes that the value of real estate assets diminish predictably over time. Since real estate values instead have historically risen or fallen with market conditions, most industry investors consider supplemental measurements of performance to be helpful in evaluating a real estate company’s operations. We consider Funds From Operations, or FFO, and Earnings Before Interest, Taxes, Depreciation, and Amortization, or EBITDA, to be supplemental measures of a REIT’s performance and should be considered along with, but not as an alternative to, net income as a measure of our operating performance.

     The White Paper on Funds From Operations approved by the Board of Governors of the National Association of Real Estate Investment Trusts, or NAREIT, defines FFO as net income or loss (computed in accordance with generally accepted accounting principles), excluding gains or losses from sales of property, plus depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures. Adjustments for unconsolidated partnerships and joint ventures are calculated to reflect funds from operations on the same basis. FFO and EBITDA are not measures of operating performance under generally accepted accounting principles in the U.S., or GAAP. However, we believe that FFO and EBITDA are helpful to management and investors as supplemental measures of the performance of an equity REIT. We compute FFO in accordance with standards established by NAREIT. This may not be comparable to FFO reported by other REITs that do not define the term in accordance with the current NAREIT definition, or that interpret the current NAREIT definition differently than we do.

     FFO and EBITDA should not be considered as alternatives to net income, operating profit, cash flow from operations, or any other operating performance measure prescribed by GAAP. Neither should FFO, FFO per share and EBITDA be considered as measures of our liquidity or indicative of funds available for our cash needs, including our ability to make cash distributions. FFO per share does not measure, and should not be used as a measure of, amounts that accrue directly to the benefit of stockholders.

10

FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

Hotel Operating Profit
(dollars in thousands)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2004			2003			2004			2003
Total revenue	$	329,746		$	302,179		$	636,275		$	584,876
Retail space rental and other revenue		(180	)		(236	)		(425	)		(618	)
Hotel revenue		329,566			301,943			635,850			584,258
Hotel operating expenses		(228,427	)		(204,189	)		(445,899	)		(401,767	)
Hotel operating profit	$	101,139		$	97,754		$	189,951		$	182,491
Operating margin		30.7	%		32.4	%		29.9	%		31.2	%
Corporate expenses		4,393			3,737			7,779			7,160
Corporate expenses as a percentage of total revenues		1.3	%		1.2	%		1.2	%		1.2	%

Hotel Operating Expense Composition
(dollars in thousands)

	Three Months Ended June 30,										Six Months Ended June 30,
	2004					2003					2004					2003
			% of Hotel					% of Hotel					% of Hotel					% of Hotel
			Revenue					Revenue					Revenue					Revenue
Hotel departmental expenses:
Room	$	69,322		21.0	%	$	60,801		20.1	%	$	134,285		21.1	%	$	118,354		20.2	%
Food and beverage		40,674		12.4			36,511		12.1			78,143		12.3			71,031		12.2
Other operating departments		8,698		2.6			7,175		2.4			16,879		2.7			13,936		3.4
Hotel departmental expense		118,694		36.0			104,487		34.6			229,307		36.1			203,321		34.8
Other property related costs:
Administrative and general		30,715		9.3			28,167		9.3			60,577		9.5			56,678		9.7
Marketing and advertising		28,361		8.6			25,371		8.4			55,594		8.8			50,101		8.6
Repairs and maintenance		17,901		5.5			16,164		5.3			35,813		5.6			32,276		5.5
Energy		15,572		4.7			14,653		4.9			31,857		5.0			28,993		5.0
Total other property related costs		92,549		28.1			84,355		27.9			183,841		28.9			168,048		28.8
Management and franchise fees		17,184		5.2			15,347		5.1			32,751		5.1			30,398		5.2
Hotel operating expenses	$	228,427		69.3	%	$	204,189		67.6	%	$	445,899		70.1	%	$	401,767		68.8	%

	Three Months						Six Months
	Ended June 30,						Ended June 30,
	2004			2003			2004			2003
Supplemental information:
Compensation and benefits expense (included in hotel operating expenses)	$	107,963		$	96,649		$	210,722		$	191,018
Reconciliation of total operating expenses to hotel operating expenses:
Total operating expenses	$	293,935		$	273,497		$	576,629		$	538,454
Taxes, insurance and lease expense		(30,967	)		(31,254	)		(62,154	)		(61,534	)
Corporate expenses		(4,393	)		(3,737	)		(7,779	)		(7,160	)
Depreciation		(30,148	)		(34,317	)		(60,797	)		(67,993	)
Hotel operating expenses	$	228,427		$	204,189		$	445,899		$	401,767

     Hotel operating profit and operating margin are commonly used non-GAAP measures of performance that we utilize to measure the relative performance of our individual hotels and groups of hotels and give investors a more complete understanding of the operating results over which our individual hotels and operating managers have direct control. We believe that hotel operating profit and operating margin are useful to investors by providing greater transparency with respect to significant measures used by management in its financial and operational decision-making.

11

FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

Debt Summary
(dollars in thousands)

Debt Outstanding
	Encumbered	Interest Rate At			Maturity	Consolidated
	Hotels	June 30, 2004			Date	Debt
Promissory note	none		3.13	%	June 2016	$	650
Senior unsecured term notes	none		7.63		Oct. 2007		122,375
Senior unsecured term notes	none		10.00		Sept. 2008		273,386
Senior unsecured term notes	none		9.00		June 2011		298,283
Senior unsecured term notes	none		5.84		June 2011		175,000
Total unsecured debt			8.48				869,694
Mortgage debt(a)	14 hotels		5.01		July 2009-2014		169,490
Mortgage debt	1 hotel		7.23		Sept. 2005		10,934
Mortgage debt(b)	10 hotels		3.63		May 2006		146,393
Mortgage debt	15 hotels		5.86	(c)	Nov. 2007		130,143
Mortgage debt	1 hotel		4.00		August 2008		15,500
Mortgage debt	7 hotels		7.54		April 2009		91,470
Mortgage debt	6 hotels		7.55		June 2009		68,841
Mortgage debt	8 hotels		8.70		May 2010		176,840
Mortgage debt	7 hotels		8.73		May 2010		137,071
Mortgage debt	8 hotels		7.48		April 2011		49,898
Other	1 hotel		9.17		August 2011		6,521
Total secured debt	78 hotels		6.64				1,003,101
Total			7.45	%		$	1,872,795

(a)	In July 2004, an additional $25 million of this debt was funded and one additional hotel was added as collateral.
(b)	This debt has two one-year extension options.
(c)	Represents the weighted average of fixed-to-floating interest rate swaps at six month LIBOR plus 440 basis points for $100 million and a fixed rate of 7.24% for $32 million.

Our fixed-to-floating interest rate swaps reduced interest expense for the quarter by $1.4 million.

Fixed interest rate debt to total debt		71.4	%
Weighted average maturity of debt	5.3 years
Secured debt to total assets		29	%

At June 30, 2004, future scheduled debt principal payments are as follows (in thousands):

	Secured			Unsecured
Year	Debt			Debt			Total
2004	$	10,709		$	—		$	10,709
2005		31,697			—			31,697
2006		160,120	(a)		—			160,120
2007		137,781			125,000			262,781
2008		33,486			274,678			308,164
2009 and thereafter		628,284			475,650			1,103,934
Premium/(discount)		1,024			(5,634	)		(4,610	)
Total debt	$	1,003,101		$	869,694		$	1,872,795

(a) Included is a $146 million non-recourse mortgage loan maturing in 2006, that has two one-year extension options.

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FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

Debt Summary (continued)

     At June 30, 2004, we had unconsolidated 50 percent investments in ventures that owned an aggregate of 20 hotels. These ventures had approximately $210 million of non-recourse mortgage debt, all of which is secured by hotel assets. Our pro rata share of this non-recourse debt is $105 million. Additionally, one joint venture had a full recourse loan for a residential condominium development. Our pro rata share of this recourse loan was $41.2 million at June 30, 2004.

Financing transactions in 2004:

     In March 2004, we elected to terminate our unsecured line of credit arrangement, which is expected to result in a 2004 cost savings of $0.4 million.

     In April 2004, we completed the sale of 4,600,000 shares of our $1.95 Series A Cumulative Convertible Preferred Stock. The shares were sold at a price of $23.79 per share, which included dividends of $0.51 per share accrued through April 5, 2004, resulting in net proceeds of approximately $105 million.

     Through June 30, 2004, we retired $325 million of our 9 1/2% senior notes maturing in 2008 and in July 2004 we retired an additional $115 million.

     In June 2004, we redeemed the full $175 million of our senior notes maturing in October 2004.

     In June 2004, we issued $175 million of Senior Floating Rate Debt maturing in 2011, at an interest rate of LIBOR plus 4.25% and in July we issued an additional $115 million of Senior Floating Debt under the same terms.

     In May 2004, we borrowed $169 million of our secured facility at an average interest rate of 5.01%. In July 2004, we received additional funding of $25 million on this facility.

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FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

PORTFOLIO DATA

Portfolio Distribution at June 30, 2004
(153 consolidated hotels included in continuing operations, same store basis)

					% of			% of 2003 Hotel
Brand	Hotels		Rooms		Total Rooms			Operating Profit(b)
Embassy Suites		56		14,279		33	%		48	%
Holiday Inn-branded		43		13,751		32			24
Sheraton-branded		10		3,269		8			8
Crowne Plaza		15		5,108		12			7
Doubletree-branded		10		2,206		5			6
Other		19		4,117		10			7

					% of			% of 2003 Hotel
Top Markets	Hotels		Rooms		Total Rooms			Operating Profit
Atlanta		12		3,514		8	%		7	%
Dallas		15		4,724		11			6
San Francisco Bay Area		8		2,690		6			6
Los Angeles Area		6		1,492		3			4
Boca Raton/Ft. Lauderdale		4		1,118		3			4
Orlando		6		2,219		5			4
Chicago		4		1,239		3			4
New Orleans		2		746		2			3
San Diego		1		600		1			3
Minneapolis		4		955		2			3
Houston		8		1,969		5			3
Phoenix		4		1,016		2			3
Philadelphia		3		1,174		3			3

					% of			% of 2003 Hotel
Top Four States	Hotels		Rooms		Total Rooms			Operating Profit
California		19		5,593		13	%		17	%
Texas		35		9,659		23			15
Florida		16		5,343		13			11
Georgia		14		3,868		9			8

					% of			% of 2003 Hotel
Location	Hotels		Rooms		Total Rooms			Operating Profit
Suburban		69		17,649		41	%		40	%
Urban		32		9,978		23			27
Airport		30		9,206		22			22
Resort		12		3,677		9			9
Highway		10		2,220		5			2

					% of			% of 2003 Hotel
Segment	Hotels		Rooms		Total Rooms			Operating Profit
Upscale all-suite		71		17,324		40	%		56	%
Full service		45		14,492		34			26
Upscale		27		9,232		22			17
Limited service		10		1,682		4			1

					% of			% of 2003 Hotel
	Hotels		Rooms		Total Rooms			Operating Profit
Core Hotels		127		35,734		84	%		92	%
Non-Strategic Hotels(a)		26		6,996		16			8

(a)	Excludes one hotel that met the “held for sale” accounting requirements, and was included in discontinued operations at June 30, 2004.
(b)	Hotel operating profit is more fully described on page 11 of this supplement.

14

FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

Detailed Operating Statistics by Brand
(153 consolidated hotels included in continuing operations, same store basis)

	Occupancy (%)
	Three Months Ended June 30,						Six Months Ended June 30,
	2004		2003		% Variance		2004		2003		% Variance
Embassy Suites Hotels		72.3		69.3		4.3		70.7		68.0		4.1
Holiday Inn-branded hotels		67.9		65.1		4.4		64.7		62.5		3.5
Crowne Plaza hotels		65.4		59.5		9.9		63.2		57.3		10.3
Doubletree-branded hotels		70.1		68.9		1.7		69.4		66.4		4.4
Sheraton-branded hotels		66.0		60.3		9.5		65.0		59.6		9.1
Other hotels		63.0		58.1		8.5		62.1		57.5		8.1
Total hotels		68.6		65.0		5.5		66.5		63.2		5.3

	ADR ($)
	Three Months Ended June 30,						Six Months Ended June 30,
	2004		2003		% Variance		2004		2003		% Variance
Embassy Suites Hotels		117.60		115.67		1.7		118.43		117.64		0.7
Holiday Inn-branded hotels		80.50		78.98		1.9		79.60		78.79		1.0
Crowne Plaza hotels		93.95		93.69		0.3		90.87		92.77		(2.0	)
Doubletree-branded hotels		105.10		102.83		2.2		104.45		103.40		1.0
Sheraton-branded hotels		96.82		94.26		2.7		97.19		96.30		0.9
Other hotels		82.53		80.30		2.8		82.83		81.90		1.1
Total hotels		97.78		96.17		1.7		97.62		97.13		0.5

	RevPAR ($)
	Three Months Ended June 30,						Six Months Ended June 30,
	2004		2003		% Variance		2004		2003		% Variance
Embassy Suites Hotels		84.99		80.15		6.0		83.78		79.96		4.8
Holiday Inn-branded hotels		54.69		51.38		6.4		51.48		49.21		4.6
Crowne Plaza hotels		61.42		55.72		10.2		57.43		53.17		8.0
Doubletree-branded hotels		73.65		70.85		4.0		72.44		68.68		5.5
Sheraton-branded hotels		63.89		56.82		12.4		63.22		57.40		10.1
Other hotels		52.03		46.67		11.5		51.44		47.07		9.3
Total hotels		67.04		62.47		7.3		64.96		61.38		5.8

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FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

Detailed Operating Statistics for FelCor’s Top Markets
(153 consolidated hotels included in continuing operations, same store basis)

	Occupancy (%)
	Three Months Ended June 30,							Six Months Ended June 30,
	2004		2003		% Variance			2004		2003		% Variance
Atlanta		66.9		63.7		5.0			66.9		65.0		2.8
Dallas		55.1		49.7		10.8			55.4		49.9		11.0
San Francisco Bay Area		67.5		64.5		4.7			64.6		62.7		3.1
Los Angeles Area		69.1		71.0		(2.6	)		69.6		70.9		(1.7	)
Boca Raton/Ft. Lauderdale		77.0		72.1		6.9			82.0		77.5		5.9
Orlando		79.3		74.4		6.6			77.6		70.1		10.8
Chicago		76.4		72.4		5.5			69.3		65.4		6.0
New Orleans		75.5		73.0		3.5			70.8		67.6		4.8
San Diego		83.3		76.9		8.3			84.8		77.5		9.5
Minneapolis		69.4		64.1		8.2			66.0		61.9		6.7
Houston		69.4		65.6		5.8			70.7		65.4		8.0
Phoenix		67.1		67.3		(0.3	)		73.3		73.6		(0.4	)
Philadelphia		72.8		67.0		8.7			64.5		59.8		7.8

	ADR ($)
	Three Months Ended June 30,							Six Months Ended June 30,
	2004		2003		% Variance			2004		2003		% Variance
Atlanta		86.23		84.00		2.7			87.38		86.73		0.8
Dallas		84.12		83.36		0.9			84.05		85.30		(1.5	)
San Francisco Bay Area		114.24		113.08		1.0			111.28		112.65		(1.2	)
Los Angeles Area		111.17		101.87		9.1			109.28		101.66		7.5
Boca Raton/Ft. Lauderdale		107.17		107.19		0.0			124.07		125.84		(1.4	)
Orlando		75.20		73.96		1.7			79.41		78.40		1.3
Chicago		108.45		113.98		(4.8	)		102.09		108.36		(5.8	)
New Orleans		144.35		130.99		10.2			145.94		142.51		2.4
San Diego		124.69		115.84		7.6			119.72		118.99		0.6
Minneapolis		123.37		123.53		(0.1	)		121.97		121.77		0.2
Houston		68.61		71.49		(4.0	)		71.76		71.96		(0.3	)
Phoenix		94.36		88.72		6.4			112.19		105.22		6.6
Philadelphia		110.20		109.51		0.6			104.08		105.12		(1.0	)

	RevPAR ($)
	Three Months Ended June 30,						Six Months Ended June 30,
	2004		2003		% Variance		2004		2003		% Variance
Atlanta		57.70		53.52		7.8		58.42		56.40		3.6
Dallas		46.35		41.46		11.8		46.56		42.56		9.4
San Francisco Bay Area		77.10		72.90		5.8		71.91		70.59		1.9
Los Angeles Area		76.83		72.28		6.3		76.10		72.04		5.6
Boca Raton/Ft. Lauderdale		82.54		77.24		6.9		101.72		97.47		4.4
Orlando		59.65		55.01		8.4		61.64		54.94		12.2
Chicago		82.91		82.57		0.4		70.77		70.89		(0.2	)
New Orleans		109.04		95.61		14.1		103.39		96.36		7.3
San Diego		103.87		89.14		16.5		101.58		92.19		10.2
Minneapolis		85.62		79.21		8.1		80.52		75.34		6.9
Houston		47.60		46.87		1.6		50.72		47.07		7.7
Phoenix		63.29		59.68		6.0		82.26		77.43		6.2
Philadelphia		80.25		73.36		9.4		67.13		62.91		6.7

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FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

Other Performance Statistics
(Consolidated hotels in continuing operations, for period presented)

Variance to Prior Year

	Occupancy			ADR			RevPAR
	% Variance			% Variance			% Variance
2002:
First Quarter		(10.3	)		(8.1	)		(17.6	)
Second Quarter		(4.7	)		(6.4	)		(10.9	)
Third Quarter		2.5			(4.6	)		(2.2	)
Fourth Quarter		4.9			(1.4	)		3.4
Year 2002		(2.3	)		(5.6	)		(7.8	)
2003:
First Quarter		(0.8	)		(4.2	)		(4.9	)
Second Quarter		(2.8	)		(4.7	)		(7.4	)
Third Quarter		0.8			(2.9	)		(2.1	)
Fourth Quarter		0.9			(2.3	)		(1.4	)
Year 2003		(0.5	)		(3.6	)		(4.1	)
2004:
January		3.6			(1.3	)		2.3
February		2.6			(1.3	)		1.3
March		8.3			0.1			8.5
First Quarter 2004		5.1			(0.7	)		4.3
April		8.0			(0.1	)		7.9
May		5.0			1.5			6.6
June		3.8			3.5			7.4
Second Quarter 2004		5.5			1.7			7.3
July (through July 27, 2004)		2.6			2.2			4.9

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FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

Hotel Portfolio Information

Pro Rata Share of Rooms Owned

			Room Count at
	Hotels		June 30, 2004
Consolidated hotels in continuing operations		153		42,730
Unconsolidated hotel operations		5		761
Total hotels in continuing operations		158		43,491
50% and 51% joint ventures		28		(3,046	)
60% joint ventures		2		(390	)
90% joint ventures		6		(148	)
97% joint venture		1		(10	)
Total joint venture owned rooms				(3,594	)
Pro rata share of rooms owned				39,897

Capital Expenditures (dollars in thousands)

	Three Months Ended			Six Months Ended			Year Ended
	June 30, 2004			June 30, 2004			December 31, 2003
Consolidated hotels:
Improvements and additions to hotels	$	21,709		$	34,006		$	64,045
% of total revenue		6.6	%		5.4	%		5.3	%
Unconsolidated hotels (pro rata share):
Improvements and additions to hotels	$	1,176		$	2,147		$	4,291
% of total revenue		5.9	%		5.7	%		6.0	%

     Our pro rata share of capital expenditures as of June 30, 2004, incurred by our joint venture for the construction of a residential condominium project, was $41.2 million. The funds for this project are funded by recourse secured debt.

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FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

Hotel Portfolio Information

Non-Strategic Hotels

     At June 30, 2004, we included in continuing operations 26 hotels identified as non-strategic. The composition, by brand, of the 26 non-strategic hotels is as follows: Holiday Inn-branded (15), Crowne Plaza (3), other brands (7) and one independent hotel. These hotels are expected to be sold within the next 12 to 36 months depending on the individual hotel, market conditions, and other factors.

Operating statistics for our consolidated portfolio of 153 hotels included in continuing operations:

	Three Months Ended June 30,							Six Months Ended June 30,
	2004		2003		% Variance			2004		2003		% Variance
Consolidated in Continuing Operations (153 hotels)
Occupancy (%)		68.6		65.0		5.5			66.5		63.2		5.3
ADR ($)		97.78		96.17		1.7			97.62		97.13		0.5
RevPAR ($)		67.04		62.47		7.3			64.96		61.38		5.8
Non-Strategic Hotels (26 hotels)
Occupancy (%)		63.2		57.7		9.4			60.6		54.6		11.0
ADR ($)		70.74		71.13		(0.5	)		71.24		72.21		(1.3	)
RevPAR ($)		44.68		41.06		8.8			43.16		39.43		9.5
Core Hotels (127 hotels)
Occupancy (%)		69.6		66.4		4.9			67.7		64.9		4.4
ADR ($)		102.58		100.43		2.1			102.24		101.24		1.0
RevPAR ($)		71.42		66.67		7.1			69.23		65.68		5.4

For the six months ended June 30, 2004, the operating margins for the Core Hotels were 31.2%, while the operating margins for the Non-Strategic Hotels were 21.2%.

Portfolio Changes in 2004

Acquisitions:

• In March 2004, we purchased the 132-room Santa Monica Holiday Inn for $27 million. This hotel has a premier location across from the Santa Monica Pier and the Santa Monica beaches and will continue to be operated as a full service upscale hotel because of the high room rates charged in this market.

Dispositions:

• During the three months ended March 31, 2004, we sold four hotels (Crowne Plaza hotels in Houston, TX and Jackson, MS, a Hampton hotel in Omaha, NE, and a Holiday Inn in Plano, TX) for aggregate proceeds of approximately $30 million.

• In April 2004, we sold three hotels (a Holiday Inn in St. Louis, MO, and two hotels in Odessa, TX) for aggregate proceeds of approximately $13 million.

• On June 30, 2004, we transferred our leasehold interest in the San Francisco Holiday Inn Select Downtown & Spa to the lessor as part of the settlement of a dispute with the lessor.

• In July 2004 we sold one hotel (a Holiday Inn in Beaumont, TX) for proceeds of $3 million.

Portfolio Changes in 2003

Dispositions:

• Through December 31, 2003, we sold or otherwise disposed of 16 non-strategic hotels. Disposition proceeds from the 16 non-strategic hotels and two parking garages sold during 2003 totaled approximately $125 million.

Conversions:

• In March, we converted an independent, all-suite hotel in Dallas to a Staybridge Suites hotel.

• In April, we completed the conversion of the 385-room Hilton Myrtle Beach Resort, following a $15 million renovation of the former Wyndham-affiliated property.

Other:

• In June 2003, we began consolidating the operations of eight hotels that had previously been accounted for by the equity method.

19

FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

Hotel Portfolio Listing

	State	Rooms		% Owned(a)			Brand
Consolidated Continuing Operations
Birmingham	AL		242				Embassy Suites
Montgomery – East I-85	AL		210				Holiday Inn
Phoenix – Biltmore	AZ		232				Embassy Suites
Phoenix Crescent Hotel	AZ		342				Sheraton
Phoenix Scottsdale/Downtown	AZ		218		51	%	Fairfield Inn
Phoenix Tempe	AZ		224				Embassy Suites
Dana Point – Doheny Beach	CA		195				Doubletree Guest Suites
Irvine – Orange County Airport (Newport Beach)	CA		335				Crowne Plaza
Los Angeles – Anaheim (Located near Disneyland Park)	CA		222				Embassy Suites
Los Angeles – Covina/I-10	CA		259		50	%	Embassy Suites
Los Angeles – El Segundo – International Airport – South	CA		349		97	%	Embassy Suites
Milpitas – Silicon Valley	CA		266				Embassy Suites
Milpitas – San Jose-North (Milpitas – Silicon Valley)	CA		305				Crowne Plaza
Napa	CA		205				Embassy Suites
Oxnard – Mandalay Beach Resort & Conference Center	CA		248				Embassy Suites
Palm Desert – Palm Desert Resort	CA		198				Embassy Suites
Pleasanton (San Ramon Area)	CA		244				Crowne Plaza
San Diego – On the Bay	CA		600				Holiday Inn
San Francisco – Burlingame Airport	CA		340				Embassy Suites
San Francisco – South San Francisco Airport	CA		312				Embassy Suites
San Francisco – Fisherman’s Wharf	CA		585				Holiday Inn
San Francisco – Union Square	CA		403				Crowne Plaza
San Rafael – Marin County/Conference Center	CA		235		50	%	Embassy Suites
Santa Barbara – Goleta	CA		160				Holiday Inn
Santa Monica – Beach at the Pier	CA		132				Holiday Inn
Avon – Beaver Creek Lodge	CO		72				Independent
Denver – Aurora	CO		248		90	%	Doubletree
Hartford – Downtown(b)	CT		350				Crowne Plaza
Stamford	CT		380				Holiday Inn Select
Wilmington	DE		244		90	%	Doubletree
Boca Raton	FL		263				Embassy Suites
Cocoa Beach – Oceanfront	FL		500				Holiday Inn
Deerfield Beach – Boca Raton/Deerfield Beach Resort	FL		244				Embassy Suites
Ft. Lauderdale – 17th Street	FL		358				Embassy Suites
Ft. Lauderdale – Cypress Creek	FL		253				Sheraton Suites
Jacksonville – Baymeadows	FL		277				Embassy Suites
Miami – International Airport	FL		316				Embassy Suites

(a)	100% of real estate interests are owned by FelCor unless otherwise noted.
(b)	This hotel is actively being marketed for sale.

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FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

Hotel Portfolio Listing

	State	Rooms		% Owned(a)			Brand
Miami – International Airport (LeJeune Center)	FL		304				Crowne Plaza
Orlando – International Airport	FL		288				Holiday Inn Select
Orlando – International Drive – Resort	FL		651				Holiday Inn
Orlando – International Drive South/Convention Center	FL		244				Embassy Suites
Orlando– Nikki Bird (Maingate – Walt Disney World Area)(b)	FL		530				Holiday Inn
Orlando– (North)	FL		277				Embassy Suites
Orlando – Walt Disney World Resort	FL		229				Doubletree Guest Suites
Tampa – Busch Gardens(b)	FL		406				Holiday Inn
Tampa– On Tampa Bay	FL		203				Doubletree Guest Suites
Atlanta – Airport	GA		378				Crowne Plaza
Atlanta – Airport	GA		233				Embassy Suites
Atlanta – Airport-North	GA		493				Holiday Inn
Atlanta – Buckhead	GA		317				Embassy Suites
Atlanta – Downtown	GA		211		51	%	Courtyard by Marriott
Atlanta – Downtown	GA		242		51	%	Fairfield Inn
Atlanta – Galleria	GA		278				Sheraton Suites
Atlanta – Gateway – Atlanta Airport	GA		395				Sheraton
Atlanta – Perimeter – Dunwoody	GA		250				Holiday Inn Select
Atlanta – Perimeter Center	GA		241		50	%	Embassy Suites
Atlanta – Powers Ferry	GA		296				Crowne Plaza
Atlanta – South (I-75 & US 41)	GA		180				Holiday Inn
Brunswick	GA		130				Embassy Suites
Columbus – North (I-185 at Peachtree Mall)(b)	GA		224				Holiday Inn
Davenport(b)	IA		279				Holiday Inn
Chicago – The Allerton	IL		443				Crowne Plaza
Chicago – Lombard/Oak Brook	IL		262		50	%	Embassy Suites
Chicago – Northshore/Deerfield (Northbrook)	IL		237				Embassy Suites
Chicago O’Hare Airport	IL		297				Sheraton Suites
Moline – Airport(b)	IL		216				Holiday Inn
Moline – Airport Area(b)	IL		110				Holiday Inn Express
Indianapolis – North	IN		221		50	%	Embassy Suites
Kansas City – Overland Park	KS		199		50	%	Embassy Suites
Lexington	KY		155				Sheraton Suites
Lexington – Lexington Green	KY		174				Hilton Suites
Baton Rouge	LA		223				Embassy Suites
New Orleans	LA		372				Embassy Suites
New Orleans – French Quarter	LA		374				Holiday Inn
Boston – Government Center	MA		303				Holiday Inn Select
Boston – Marlborough	MA		229				Embassy Suites
Baltimore – BWI Airport	MD		251		90	%	Embassy Suites
Troy – North (Auburn Hills)	MI		251		90	%	Embassy Suites
Bloomington	MN		219				Embassy Suites
Minneapolis – Airport	MN		310				Embassy Suites
Minneapolis – Downtown(b)	MN		216				Embassy Suites

(a)	100% of real estate interests are owned by FelCor unless otherwise noted.
(b)	This hotel is actively being marketed for sale.

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FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

Hotel Portfolio Listing

	State	Rooms		% Owned(a)			Brand
St. Paul – Downtown	MN		210				Embassy Suites
Kansas City – NE I-435 North (At Worlds of Fun)	MO		165				Holiday Inn
Kansas City – Plaza	MO		266		50	%	Embassy Suites
St. Louis – Downtown	MO		297				Embassy Suites
Jackson – North(b)	MS		222				Holiday Inn & Suites
Olive Branch Whispering Woods Hotel and Conference Center	MS		181				Independent
Charlotte	NC		274		50	%	Embassy Suites
Charlotte SouthPark	NC		208				Doubletree Guest Suites
Raleigh	NC		203				Doubletree Guest Suites
Raleigh – Crabtree	NC		225		50	%	Embassy Suites
Omaha(b)	NE		107				Homewood Suites
Omaha – Central(b)	NE		187				Doubletree Guest Suites
Omaha – Central(b)	NE		129				Hampton Inn
Omaha – Central (I-80) (b)	NE		383				Holiday Inn
Omaha – Old Mill	NE		223				Crowne Plaza
Parsippany	NJ		274		50	%	Embassy Suites
Piscataway – Somerset	NJ		224				Embassy Suites
Secaucus – Meadowlands(b)	NJ		304				Crowne Plaza
Secaucus – Meadowlands	NJ		261		50	%	Embassy Suites
Albuquerque – Mountain View (at I-40 & I-25)(b)	NM		360				Holiday Inn
Cleveland – Downtown(b)	OH		268				Embassy Suites
Tulsa – I-44	OK		244				Embassy Suites
Philadelphia – Center City	PA		445				Crowne Plaza
Philadelphia – Historic District	PA		364				Holiday Inn
Philadelphia – Society Hill	PA		365				Sheraton
Pittsburgh – At University Center (Oakland)	PA		251				Holiday Inn Select
Charleston – Mills House (Historic Downtown)	SC		214				Holiday Inn
Myrtle Beach – At Kingston Plantation	SC		255				Embassy Suites
Myrtle Beach Resort	SC		385				Hilton
Knoxville – Central At Papermill Road	TN		240				Holiday Inn
Nashville – Airport/Opryland Area	TN		296				Embassy Suites
Nashville – Opryland/Airport (Briley Parkway)	TN		382				Holiday Inn Select
Amarillo – I-40(b)	TX		248				Holiday Inn
Austin	TX		189		90	%	Doubletree Guest Suites
Austin – North	TX		260		50	%	Embassy Suites
Austin – Town Lake (Downtown Area)	TX		320				Holiday Inn
Beaumont – I-10 (Midtown)(c)	TX		190				Holiday Inn
Corpus Christi	TX		150				Embassy Suites
Dallas	TX		295				Crowne Plaza Suites
Dallas – At Campbell Centre(b)	TX		300		90	%	Doubletree
Dallas – Dallas Park Central	TX		114				Staybridge Suites
Dallas – DFW International Airport-North(b)	TX		506				Harvey Hotel
Dallas – DFW International Airport-North	TX		164				Harvey Suites
Dallas – DFW International Airport-South	TX		305				Embassy Suites

(a)	100% of real estate interests are owned by FelCor unless otherwise noted.
(b)	This hotel is actively being marketed for sale.
(c)	This hotel was sold in July 2004.

22

FelCor Lodging Trust Incorporated
Supplemental Information
Three and Six Months Ended June 30, 2004

Hotel Portfolio Listing

	State	Rooms		% Owned(a)			Brand
Dallas – Love Field	TX		248				Embassy Suites
Dallas – Market Center	TX		354				Crowne Plaza
Dallas – Market Center	TX		244				Embassy Suites
Dallas – North Dallas Addison (Near the Galleria)(b)	TX		429				Crowne Plaza
Dallas – Park Central	TX		438		60	%	Sheraton
Dallas – Park Central	TX		536		60	%	Westin
Dallas – Park Central Area	TX		279				Embassy Suites
Dallas – Regal Row	TX		203		51	%	Fairfield Inn
Dallas – West End/Convention Center	TX		309				Hampton Inn
Houston – Greenway Plaza Area	TX		355				Holiday Inn Select
Houston – I-10 East	TX		160		51	%	Fairfield Inn
Houston – I-10 East	TX		90		51	%	Hampton Inn
Houston – I-10 West & Hwy. 6 (Park 10 Area)	TX		349				Holiday Inn Select
Houston – Intercontinental Airport	TX		415				Holiday Inn
Houston – Medical Center	TX		284				Holiday Inn & Suites
Houston – Near the Galleria	TX		209		51	%	Courtyard by Marriott
Houston – Near the Galleria	TX		107		51	%	Fairfield Inn
Midland – Country Villa(b)	TX		250				Holiday Inn
San Antonio – Downtown (Market Square)	TX		315				Holiday Inn
San Antonio – International Airport	TX		261		50	%	Embassy Suites
San Antonio – International Airport	TX		397				Holiday Inn Select
San Antonio – N.W. I-10	TX		216		50	%	Embassy Suites
Waco – I-35(b)	TX		170				Holiday Inn
Salt Lake City – Airport(b)	UT		191				Holiday Inn
Burlington Hotel & Conference Center	VT		309				Sheraton
Vienna – At Tysons Corner	VA		437		50	%	Sheraton
Canada
Toronto – Airport	Ontario		445				Holiday Inn Select
Toronto – Yorkdale	Ontario		370				Holiday Inn
Hotel Included in Discontinued Operations
Omaha – Southwest(b)	NE		78				Holiday Inn Express & Suites
Unconsolidated Operations
Hays	KS		114		50	%	Hampton Inn
Hays	KS		191		50	%	Holiday Inn
Salina	KS		192		50	%	Holiday Inn
Salina – I-70	KS		93		50	%	Holiday Inn Express & Suites
New Orleans – Chateau LeMoyne (In French Quarter/Historic Area)	LA		171		50	%	Holiday Inn

(a)	100% of real estate interests are owned by FelCor unless otherwise noted.
(b)	This hotel is actively being marketed for sale.

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