FelCor Completes Common Stock Offering

FelCor Lodging Trust Incorporated (NYSE: FCH) announced that it sold 27.6 million shares of its common stock pursuant to a previously announced public offering (the "Offering") at $6.00 per share. The shares sold include 3.6 million shares purchased by the underwriters, who exercised their overallotment option in full. FelCor received net proceeds of approximately $159.0 million from the Offering, after underwriting discounts and commissions. FelCor intends to use the net proceeds to fund the $140 million purchase of two hotels in midtown Manhattan (the Royalton and Morgans), to repay existing debt, including borrowings under its line of credit, and for general corporate purposes.

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. The sale was completed on April 1, 2011.

The Offering was made pursuant to FelCor’s effective shelf registration statement previously filed with the Securities and Exchange Commission. Copies of the 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; 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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