Felcor Lodging Trust (FCH) Misses Q2 FFO by 1c; Guides FY16 FFO Below Views
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FelCor Reports Second Quarter 2016 Earnings
July 26, 2016 8:37 AM EDTTwo Hotels Under Hard Contract
IRVING, Texas--(BUSINESS WIRE)-- FelCor Lodging Trust Incorporated (NYSE: FCH) today reported results for the second quarter ended June 30, 2016.
Second Quarter Highlights
Same-store RevPAR increased 2.6% over the same period in 2015. Net income was $13.8 million, and net income per share was $0.05. Adjusted FFO per share increased 14% to $0.32 over the same period in 2015. Adjusted EBITDA increased $2.7Â million to $72.4 million over the same period in 2015. Selling two hotels (Renaissance... More