- You are here:Home
- / Biz Briefs » FelCor Agrees to Sell Six Non-Strategic Hotels
Irving-based FelCor Lodging Trust Incorporated announced that it has agreed to sell six non-strategic hotels for $103.0 million, in the aggregate, to an undisclosed buyer. The purchaser has paid a $3.9 million hard money deposit toward the purchase price. The transaction is expected to close late in the second quarter. FelCor is currently marketing 16 hotels, including the six hotels already announced.