FelCor Lodging Trust Inc
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FelCor Lodging Trust is a REIT that went public in 1994, with 6 Embassy Suites hotels. It was nicknamed the "suite REIT.:
Now, with 84 hotels and resorts in 23 states in the United States and Canada, with 24,000 rooms, it's the largest owner of upscale, all-suite hotels in the U.S. Its portfolio is mostly upscale properties, with the brand names of Embassy Suites Hotels®, Doubletree®, Hilton®, Renaissance®, Sheraton®, Westin® and Holiday Inn®.
FelCor is One of the Largest and Oldest Hotel REITs in the United States
It's based on Irving Texas. Its name is a combination of its two co-founders, Hervey Feldman and Thomas J. Corcoran, Jr. who remains Chairman. They bought their first hotel together -- a Holiday Inn at Dallas/Fort Worth International Airport -- in 1991.
The CEO (chief executive officer) and president is Richard A. Smith. He joined the company 10 2004 as Chief Financial Officer. In 2006 he took over as CEO.
FelCor Lodging is traded on the New York Stock Exchange under the ticker symbol FCH. It has a close strategic relationships with the Hilton Hotels Corporation, Marriott International, Inc, Starwood Hotels & and Resorts Worldwide, Inc., and InterContinental Hotels Group PLC.
FelCor Lodging Trust Properties Include:
Embassy Suites Hotel Birmingham, Embassy Suites Hotel - Biltmore, Embassy Suites Hotel - Tempe, Sheraton Crescent - Phoenix, Embassy Suites Hotel - Anaheim/Disneyland® Area, Doubletree Guest Suites - Doheny Beach, Renaissance - Esmeralda Resort and Spa, Embassy Suites Hotel - International Airport South, Embassy Suites Hotel - Milpitas-Silicon Valley, Embassy Suites Hotel, Embassy Suites Hotel - Mandalay Beach Resort, Holiday Inn - On the Bay, Hotel 480 - Union Square, Embassy Suites Hotel - San Francisco-Airport/Burlingame, Embassy Suites Hotel - San Francisco-Airport/South San Francisco, Holiday Inn - Fisherman's Wharf, Embassy Suites Hotel - San Rafael-Marin County Conference Center, Holiday Inn - Santa Barbara/Goleta, Holiday Inn - Santa Monica Beach-at the Pier, Doubletree Wilmington, Embassy Suites Hotel - Boca Raton, Holiday Inn - Oceanfront, Embassy Suites Hotel - Deerfield Beach Resort & Spa, Embassy Suites Hotel - 17th Street, Sheraton Suites - Cypress Creek, Embassy Suites Hotel - Bay Meadows, Embassy Suites Hotel - Miami International Airport, Doubletree Guest Suites - Walt Disney World® Resort, Embassy Suites Hotel - Orlando-International Drive, Embassy Suites Hotel - Orlando North, Holiday Inn - Orlando-International Drive Resort, Holiday Inn Select - Orlando-International Airport, Renaissance - Vinoy Resort and Golf Club, Doubletree Guest Suites - Tampa Bay, Embassy Suites Hotel - Atlanta-Airport, Embassy Suites Hotel - Atlanta-Buckhead, Embassy Suites Hotel - Atlanta-Perimeter Center, Sheraton - Gateway-Atlanta Airport, Sheraton Suites - Atlanta-Galleria, Embassy Suites Hotel - Chicago-Lombard/Oak Brook, Embassy Suites Hotel - Chicago-North Shore/Deerfield, Sheraton Gateway Suites - Chicago O'Hare Airport, Embassy Suites Hotel - Indianapolis-North, Holiday Inn Hays, Embassy Suites Hotel - Kansas City/Overland Park, Holiday Inn, Holiday Inn Express Hotel & Suites - Salina-I-70, Hilton Suites - Lexington Green, Embassy Suites Hotel - Baton Rouge, Embassy Suites Hotel - New Orleans, Holiday Inn - New Orleans-Chateau LeMoyne French Quarter, Holiday Inn - New Orleans-French Quarter, Embassy Suites Hotel - Baltimore at BWI Airport, Embassy Suites Hotel - Boston/Marlborough, Holiday Inn Select - Boston/Beacon Hill, Embassy Suites Hotel - Bloomington, Embassy Suites Hotel - Minneapolis-Airport, Embassy Suites Hotel - St. Paul-Downtown, Embassy Suites Hotel - Kansas City-Plaza, Embassy Suites Hotel - Parsippany, Embassy Suites Hotel - Piscataway-Somerset, Embassy Suites Hotel - Secaucus-Meadowlands, Embassy Suites Hotel - Charlotte, Doubletree Guest Suites - Charlotte-SouthPark, Doubletree Guest Suites - Raleigh/Durham, Embassy Suites Hotel - Raleigh-Crabtree, Holiday Inn - Philadelphia-Historic District, Sheraton - Philadelphia-Society Hill, Holiday Inn Select - Pittsburgh-at University Center (Oakland), Holiday Inn - Charleston-Mills House (Historic Downtown), Embassy Suites Hotel - Myrtle Beach-at Kingston Plantation, Hilton Myrtle Beach Resort, Embassy Suites Hotel - Nashville-Airport-Opryland Area, Holiday Inn Select - Nashville-Opryland-Airport (Briley Parkway), Doubletree Guest Suites, Embassy Suites Hotel - Austin-Central, Embassy Suites Hotel - Corpus Christi, Embassy Suites Hotel - Dallas-DFW International Airport South, Embassy Suites Hotel - Dallas-Love Field, Embassy Suites Hotel - Dallas-Market Center, Westin - Dallas-Park Central, Holiday Inn Hotel & Suites - Houston-Medical Center, Embassy Suites Hotel - San Antonio-International Airport, Embassy Suites Hotel - San Antonio-NW I-10, Holiday Inn Select - San Antonio-International Airport, Sheraton Burlington Hotel & Conference Center, Sheraton Premiere at Tysons Corner, Holiday Inn - Toronto-Yorkdale, and Holiday Inn Select - Toronto-Airport.
In April 2009 they reopened the San Francisco Marriott Union Square, formerly the Crowne Plaza, with 400 rooms.
The way hotels measure profitability is Revenue per Available Room (RevPAR).
As a real estate investment trust, FelCor Lodging Trust is well-diversified geographically, but obviously vulnerable to cycles in travel industry.
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