Felcor Lodging Trust (FCH) Reports In-Line Q1 FFO
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FelCor Reports First Quarter 2016 Earnings
April 26, 2016 8:37 AM EDTSame-store RevPAR increased by 4.7% Same-store Adjusted EBITDA increased by 7.8% Affirms 2016 Outlook
IRVING, Texas--(BUSINESS WIRE)-- FelCor Lodging Trust Incorporated (NYSE: FCH) today reported results for the first quarter ended March 31, 2016.
First Quarter Highlights
Same-store RevPAR increased 4.7% over the same period in 2015, which exceeded the industry average of 2.7%. Adjusted EBITDA was $49.0 million, and Same-store Adjusted EBITDA increased by $3.6 million, or 7.8%, to $50.3 million compared to the same period in 2015.... More