FelCor Announces Sale of Holiday Inn Nashville

IRVING, Texas–(hospitalitybusinessnews.com)–FelCor Lodging Trust Incorporated today announced that it has sold the 383-room Holiday Inn Nashville Airport to an affiliate of Memphis-based Fairwood Capital, LLC for gross proceeds of $31.6 million. FelCor will use the proceeds to repay borrowings under its line of credit.

The Company remains committed to using asset sales proceeds to strengthen its balance sheet, repurchase stock and fund high-ROI redevelopment projects.

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