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FelCor Lodging Trust Incorporated is a real estate investment trust (REIT). FelCor is the sole general partner of, and the owner of a greater than 99% partnership interest in, FelCor Lodging Limited Partnership (FelCor LP), through which the Company held ownership interests in 66 hotels with 18,993 rooms as of December 31, 2012. The Company’s core portfolio consists primarily of upper-upscale hotels and resorts located in markets and resort locations that have dynamic demand generators and high barriers to entry. Most of the Company’s hotels are operated under brands, such as Doubletree, Embassy Suites, Fairmont, Hilton, Holiday Inn, Marriott, Renaissance, Sheraton and Westin. Royalton and Morgans, in midtown Manhattan, are operated independent of any brand. In March 2014, the Company sold 218-room Embassy Suites hotel in Bloomington. In June 2014, the Company sold its 196-room Doubletree Suites Hotel-Dana Point and its 251-room Embassy Suites Hotel-BWI Airport.

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