FelCor Prices Public Offering of Common Stock

FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it priced its public offering of 24 million shares of its common stock (the "Offering") at $6.00 per share. FelCor granted the underwriters a 30-day option to purchase up to 3.6 million additional shares of common stock.

BofA Merrill Lynch, J.P. Morgan, Citi, Deutsche Bank Securities, and Goldman, Sachs & Co., acted as joint book-running managers for the offering. Credit Suisse and Scotia Capital acted as co-managers.

FelCor estimates that the net proceeds from the Offering, after underwriting discounts and commissions, will be approximately $138.2 million (approximately $159.0 million if the underwriters' option to purchase additional shares is exercised in full). FelCor intends to use the net proceeds from the Offering for a pending acquisition. Pending application of the net proceeds, FelCor may use the net proceeds for general corporate purposes and may also invest such net proceeds in short-term, interest-bearing investments or to repay borrowings under its line of credit.

The offering is being made pursuant to FelCor’s effective shelf registration statement previously filed with the Securities and Exchange Commission, and the Offering is expected to close on April 1, 2011, subject to customary closing conditions. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to these securities may be obtained from: BofA Merrill Lynch, Attn: Prospectus Department, 4 World Financial Center, New York, NY 10080 or e-mail at dg.prospectus_requests@baml.com; from J.P. Morgan Securities LLC, Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or (866) 803-9204; or by visiting the EDGAR database on the SEC's web site at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase these securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

With the exception of historical information, the matters discussed in this news release include “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are not guarantees of future performance. Numerous risks and uncertainties, and the occurrence of future events, may cause actual results to differ materially from those currently anticipated. Certain of these risks and uncertainties are described in greater detail in our filings with the Securities and Exchange Commission. Although we believe our current expectations to be based upon reasonable assumptions, we can give no assurance that our expectations will be attained or that actual results will not differ materially. We undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in our expectations.

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