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January 26, 2011

Felcor to Sell Hotel Properties

Felcor Lodging has put 14 hotels on the market a year earlier than planned. Last year the hotel group announced that it would sell 30 of its 82-hotel portfolio in order to refocus its business on markets with higher growth prospects, especially Washington DC and New York City, accordin

By cms admin

Felcor Lodging has put 14 hotels on the market a year earlier than planned.

Last year the hotel group announced that it would sell 30 of its 82-hotel portfolio in order to refocus its business on markets with higher growth prospects, especially Washington DC and New York City, according to Reuters.

The US-based hotel group expedited its plan to divest its hotel portfolio because the hotel industry has recovered faster than expected, according to Felcor.

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