Summary Marketline's Chatham Lodging Trust Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Chatham Lodging Trust - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Inv...
Summary Chatham Lodging Trust - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Chatham Lodging Trust (Chatham) is a real estate investment trust. The company mainly focuses on investments in service hotels, principally in the premium-branded upscale extended-stay and select-...
Summary Sotherly Hotels Inc - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Sotherly Hotels Inc (Sotherly), formerly MHI Hospitality Corp, is a self-managed and self-administered lodging real estate investment trust (REIT). It renovates, acquires, owns, and manages a collec...
Summary Marketline's SoTHERLY Hotels Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by SoTHERLY Hotels Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Inves...
Rating Action: Moody's upgrades FelCor to B1; outlook stable. Global Credit Research- 07 Sep 2017. New York, September 07, 2017-- Moody's Investors Service upgraded all ratings of FelCor Lodging Limited Partnership, including its corporate family and senior unsecured ratings to B1 from B2.
IRVING, Texas--(BUSINESS WIRE)-- FelCor Lodging Trust Incorporated (“FelCor”) (NYSE: FCH) today announced that its Board of Directors declared a prorated dividend of $0.04 per share of common stock in anticipation of the pending merger with RLJ Lodging Trust, which is expected to close on or about August 31, 2017, payable on August 30, 2017 to all holders of record at the close of business on August 28, 2017. About FelCor FelCor, a real estate investment trust, owns a diversified portfolio of primarily upper-u...
IRVING, Texas--(BUSINESS WIRE)-- FelCor Lodging Trust Incorporated (“FelCor”) (NYSE: FCH) and its subsidiary, FelCor Lodging Limited Partnership (“FelCor LP”), today announced the expiration and results of FelCor LP’s consent solicitation with respect to its 6.000% Senior Notes due 2025 (CUSIP No. 31430Q BG1) (the “Notes”), which commenced on August 1, 2017. FelCor LP received consents from holders of $462,396,000 in aggregate principal amount of Notes, representing 97.35% in aggregate principal amount of the Notes outstandin...
IRVING, Texas--(BUSINESS WIRE)-- FelCor Lodging Trust Incorporated (NYSE: FCH) today reported results for the second quarter ended June 30, 2017. Second Quarter Highlights Same-store RevPAR was $161.98 compared to $163.62 for the same period in 2016. Net loss attributable to FelCor common stockholders was $8.0 million, or $0.06 per share, versus net income of $7.1 million, or $0.05 per share, for the same period in 2016. Adjusted FFO per share was $0.26 versus $0.32...
IRVING, Texas--(BUSINESS WIRE)-- FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it has sold its 168-room Royalton New York hotel to a joint venture between Rockpoint Group and Highgate for gross proceeds of $55 million. FelCor will use net proceeds to repay borrowings under its line of credit. About FelCor FelCor, a real estate investment trust, owns a diversified portfolio of primarily upper-upscale hotels that are located in major urban and resort markets throughout the U.S. FelCor partners with...
IRVING, Texas--(BUSINESS WIRE)-- FelCor Lodging Trust Incorporated (“FelCor”) (NYSE: FCH) and its subsidiary, FelCor Lodging Limited Partnership (“FelCor LP”), today announced that FelCor LP has commenced a consent solicitation with respect to its 6.000% Senior Notes due 2025 (CUSIP No. 31430Q BG1) (the “Notes”). FelCor LP is undertaking the consent solicitation at the request and expense of RLJ Lodging Trust (NYSE: RLJ) (“RLJ”) in accordance with the terms of an Agreement and Plan of Merger (the “Merger Agreement”), among ...
IRVING, Texas--(BUSINESS WIRE)-- FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it will release its second quarter financial results before the market opens on Wednesday, August 9, 2017. About FelCor FelCor, a real estate investment trust, owns a diversified portfolio of primarily upper-upscale hotels that are located in major and resort markets throughout the U.S. FelCor partners with top hotel companies to operate its properties under globally renowned names and as premier independent hot...
IRVING, Texas--(BUSINESS WIRE)-- FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it has sold its 117-room Morgans New York hotel for gross proceeds of $37 million. FelCor will use net proceeds to repay borrowings under its line of credit. Royalton New York remains under contract and is expected to close in early August for gross proceeds of $55 million. The company continues to proceed with its previously announced efforts to market The Knickerbocker for sale. About FelCor Fe...
IRVING, Texas--(BUSINESS WIRE)-- FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that its Board of Directors declared second quarter dividends on its common and preferred stock. FelCor will pay $0.06 per share on its common stock and $0.4875 per share on its Series A Preferred Stock. The dividends will be paid on July 31, 2017 to stockholders of record on July 14, 2017. About FelCor FelCor, a real estate investment trust, owns a diversified portfolio of primarily upper-upscale and...
NEW YORK--(BUSINESS WIRE)-- The Law Offices of Vincent Wong are investigating the Board of Directors of FelCor Lodging Trust Incorporated (NYSE: FCH) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to RLJ Lodging Trust (NYSE: RLJ). Under the terms of the deal, FelCor Lodging shareholders will receive 0.362 shares of RLJ for each FelCor Lodging share. The investigation concerns whether the FelCor Lodging Board of Directors breached their fiduciary duties to F...
NEW YORK--(BUSINESS WIRE)-- The Law Offices of Vincent Wong are investigating the Board of Directors of FelCor Lodging Trust Incorporated (NYSE:FCH) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to RLJ Lodging Trust (NYSE:RLJ). Under the terms of the deal, FelCor Lodging shareholders will receive 0.362 shares of RLJ for each FelCor Lodging share. The investigation concerns whether the FelCor Lodging Board of Directors breached their fiduciary duties to Fel...
BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (“RLJ”) (NYSE: RLJ) today announced it has provided an updated presentation regarding its merger with FelCor Lodging Trust Incorporated (“FelCor”) (NYSE: FCH). The updated presentation provides additional details about the strategic benefits of the combination, which is expected to result in the leading platform in the most profitable hotel segments with imbedded growth and value creation opportunities. The updated investor presentation is available online in the Investor ...
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of FelCor Lodging Trust Incorporated (NYSE: FCH) (“FelCor” or the “Company”) relating to the proposed buyout of FelCor by RLJ Lodging. Under the terms of the agreement, FelCor shareholders are anticipated to receive 0.362 shares of RLJ for each share of FelCor common stock held. The f...
IRVING, Texas--(BUSINESS WIRE)-- FelCor Lodging Trust Incorporated (NYSE: FCH) today reported results for the first quarter ended March 31, 2017. First Quarter Highlights Same-store RevPAR was $142.15 compared to $143.97 for the same period in 2016. Net loss attributable to FelCor common stockholders was $42.2 million ($0.31 per share) versus $11.2 million ($0.08 per share) for the same period in 2016. Adjusted FFO per share was $0.09 versus $0.14 for the same perio...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased FelCor Lodging Trust Incorporated (NYSE: FCH) stock prior to April 24, 2017. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of FelCor Lodging to RLJ Lodging Trust (NYSE: RLJ) for 0.362 shares of newly issued RLJ shares for each FelCor Lodging share. To learn more about the action and your rights, go to: ...
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