FelCor to Buy US Hotel

5th August 2010 (Last Updated August 5th, 2010 18:30)

FelCor Lodging Trust has entered into an agreement to acquire the Fairmont Copley Plaza hotel in Boston, US, for $98.5m. Its current owner, an affiliate of Fairmont Hotels & Resorts, will continue to manage the property under a long-term management agreement. The transactio

FelCor Lodging Trust has entered into an agreement to acquire the Fairmont Copley Plaza hotel in Boston, US, for $98.5m.

Its current owner, an affiliate of Fairmont Hotels & Resorts, will continue to manage the property under a long-term management agreement.

The transaction is expected to be completed in the third quarter of 2010.

The 383-room hotel has 23,000ft² of meeting space, including a 5,720ft² ballroom.