HFF closes sale of five-property hotel portfolio

DALLAS, TX – HFF announced today that it has closed the sale of five hotels totaling 1,319 guest rooms in Florida, North Carolina and Texas.

HFF marketed the offering on behalf of the seller, FelCor Lodging Trust.  The portfolio was sold free and clear of debt. 

 The five fee-simple hotels were sold unencumbered of property management but with the current franchise affiliations which included Doubletree, Embassy Suites, Sheraton and Holiday Inn.

The HFF team representing seller was led by senior managing director Bill Stadler (middle right photo) and managing director John Bourret (lower left photo).

Founded in 1994, FelCor Lodging Trust is a real estate investment trust that owns interests in 70 hotels and resorts, located in major markets throughout the United States.  FelCor’s portfolio consists primarily of upscale hotels and resorts flagged under globally recognized brands.

Contacts:

WILLIAM STADLER                                 

HFF Senior Managing Director             

(214) 265-0880                                        

bstadler@hfflp.com                               

JOHN BOURRET                               

HFF Managing Director            

(214) 265-0880                               

jbourret@hfflp.com                       

OLIVIA HENNESSEY

HFF Associate, Marketing  

(713) 852-3500   

ohennessey@hfflp.com