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FelCor Lodging Trust Inc

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2017 10-Q, filed Aug 9, 2017. Its latest SEC filing is a 15-12B from Sep 8, 2017.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Owns upper-upscale and luxury hotels in major urban and resort markets for leisure and business travelers, groups, and long-term guests.

How Did They Make Money?

Hotel guests pay for rooms, food and drinks, and other hotel services; FelCor records those sales as they are earned. It also earns condominium management fees and other income.

revenue

Who Were Their Customers?

FelCor’s hotels serve leisure and corporate travelers, leisure and corporate groups, and long-term or contract guests. Mostly managers affiliated with international hotel brands operate the properties on FelCor’s behalf.

Did Revenues Turn Into Profits?

Yes. It kept less than a cent of every revenue dollar as net income in .

Operating income,
9% of revenue
▼ −2% vs ($79.7M, 9%)
Net income,
0% of revenue
▲ Now profitable vs (−$8.9M, −1%)

How Were They Changing?

Since the FY2016 annual report
Latest quarter: Q2 FY2017, the three months to Jun 30, 2017
Revenue
▼ −7%
vs $237.9M in Q2 FY2016
Net income
▼ Now a loss
vs $13.4M in Q2 FY2016
  • Sep 1, 2017 FelCor merged with RLJ and its shares were delisted Former FelCor common shares converted into 0.362 RLJ common shares.
  • Aug 9, 2017 Sold Morgans New York and The Royalton hotels

Held flat. Revenue was $867M in , about the same as the $862.1M of .

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