FelCor: Transient Demand Good, Group Demand, Not So Much

IRVING, TX – During its Q3 earnings call, executives with the hospitality REIT discussed a 3.3% increase in ADR, a 1.6% increase in occupancy and the modification of a $178 million loan.

By Amy Wolff Sorter | Updated on November 01, 2011

IRVING, TX – Though transient demand increased at FelCor Lodging Trust Inc. properties, group demand, not so much. Still, the continued sluggishness on the group side didn’t seem to impact Q3 results, which revealed year-over-year increase in ADR of 3.3% to $130.43 and occupancy of 75.9%, an increase of 1.6% from the same time last year.

“We’re pleased with the results of the quarter, despite the headwinds of the summer,” commented FelCor president and CEO Richard A. Smith during the opening remarks of the Q3 earnings conference call on Nov. 1. “Things are moving in the right direction.”

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