Felcor Lodging Trust (FCH) Tops Q3 FFO by 1c
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FelCor Reports Third Quarter 2016 Earnings
November 1, 2016 8:37 AM EDTCompletes Two Hotel Sales
IRVING, Texas--(BUSINESS WIRE)-- FelCor Lodging Trust Incorporated (NYSE: FCH) today reported results for the third quarter ended September 30, 2016.
Third Quarter Highlights
Same-store RevPAR decreased 0.7% compared to the same period in 2015. Net loss was $4.9 million ($0.08 per share) versus a net loss of $8.1 million ($0.10 per share) for the same period in 2015. Adjusted FFO per share increased 12% to $0.28 from the same period in 2015. Adjusted EBITDA increased $2.0 million to $67.1 million from the same period in 2015.... More