Fact Sheet
FelCor Lodging Trust Incorporated is a real estate investment
trust with a geographically diverse portfolio of high-quality
hotels in premier markets.
History
Richard A. Smith is President and Chief Executive
Officer of FelCor, a position he has held since February
2006. During his tenure as CEO, Mr. Smith has
revitalized the company’s strategy, resulting in significant
stockholder benefits.
2013
Strategy
We strive to provide investors with
superior returns by offering higher
long-term earnings, asset value and
dividend growth than our peers. We
Mr. Smith joined FelCor in November 2004 as Executive accomplish our mission by identifying
Vice President and Chief Financial Officer. Prior to that, and acting on unique opportunities
he was Executive Vice President and Chief Financial
aimed at enhancing returns on our
Officer at Wyndham International. During his career, Mr. Smith has also held invested capital at existing assets,
positions at Starwood Hotels & Resorts Worldwide, Inc., Atlantic Richfield
building an ever-improving portfolio
Company and Coopers & Lybrand.
of great hotels in great locations and
creating a strong balance sheet with a
He currently serves on the Board of Governors of the National Association of
low cost of capital.
Real Estate Investment Trusts and Corporate Development Board for Autism
Speaks. Mr. Smith received his Bachelor of Science degree in Accounting
We have a proven track record of
and Business Law from the University of Tennessee and is a certified public
creating value by acquiring and
accountant.
redeveloping hotels using stringent
Contact Information
FelCor Lodging Trust Incorporated
545 E. John Carpenter Freeway, Suite 1300, Irving, Texas 75062
(972) 444-4900
information@felcor.com
www.felcor.com
Investor Relations: Abi Salami, Manager
(972) 444-4967, asalami@felcor.com
FelCor’s Partners:
investment requirements. Our
investment philosophy will continue
to be prudent and opportunistic.
Going forward, we have significant
value-creation opportunities uniquely
available to us. We have several
high ROI redevelopment prospects
in strategic locations within our
current portfolio. We will also look at
external growth opportunities where
we can create value, such as acquiring
underperforming hotels at attractive
prices within our target markets.
1,041
9
Miami / Fort Lauderdale
3
923
7
361
7
Tampa
1
New York / North New Jersey
4
876
6
640
5
728
5
4,884
32
Myrtle Beach
2
Philadelphia
2
Other Markets
17
Consolidated Hotels
40
12,272
100
*Based on 2014 revenue
Total Enterprise Value
$3.1 Billion (as of 6/30/15)
Industry
Leading Growth
12.9%
11.6%
7.9% 7.6%
7.0% 6.6%
5.7% 5.4% 5.3%
5.1%
Same-Store RevPAR Change
2008 - 2015 YTD
LH O
Richard A. Smith, President & CEO
3
SH O
Jeffrey D. Symes
SVP, Chief Accounting Officer & Controller
11
AH T
Michael C. Hughes
EVP, Chief Financial Officer & Treasurer
Opened The Knickerbocker®
in February. Sold 7 hotels
for $197M, completing the
portfolio repositioning program.
Refinanced almost $1.0B of
debt, which significantly
lowered borrowing costs and
extended maturities.
916
HPT
Stephen A. Schafer
SVP, Strategic Planning
18
HT
Thomas C. Hendrick
EVP, Chief Investment Officer
1,903
Los Angeles / Riverside
DRH
Robert P. Carl
SVP, Director of Design & Construction
3
BEE
Troy A. Pentecost
EVP, Chief Operating Officer
Sold 8 non-strategic hotels
for $169M and used proceeds
to repay debt. Doubled the
quarterly common dividend.
% of
revenue
Boston
Upper Up
Jonathan H. Yellen
EVP, General Counsel & Secretary
5
FCH
Richard A. Smith
President & Chief Executive Officer
Sold 5 non-strategic hotels
for $103M. Completed
redevelopment of Morgans.
Converted 8 Holiday Inn hotels
to upper-upscale and luxury
Wyndham brands. Reinstated
our common dividend.
2014
FelCor partners with top hotel companies that operate its 41 properties with
more than 12,000 guest rooms under globally renowned names and as premier
independent hotels. Our hotels are concentrated in major gateway urban
markets, such as San Francisco, New York and Boston and resort destinations,
such as Napa Valley and the Florida coast.
FelCor was founded in 1991 by Hervey
hotels
rooms
Feldman (“Fel”) and Tom Corcoran
(“Cor”) and went public in 1994.
San Francisco / San Jose
2015
Company Brief
Portfolio*
HS T
NYSE: FCH