IRVING, TX-FelCor Lodging Trust Inc. reported positive news based on Q1 2013 earnings. The good news included a core RevPAR increase of 6.7%, a core hotel EBIDTA increase of 13% and an improvement of adjusted FFO per share to a loss of $0.01.

More specifically:

• RevPAR for 65 same-store hotels was $100.17, a 5.5% increase compared to the same period in 2012. The increase reflects a 5% increase in average daily rate to $143.90 and a 30 basis point increase in occupancy to 69.6%.
• RevPAR for our 45 core hotels increased 6.7%, while RevPAR for our 20 non-strategic hotels increased 1.2%.
• Total revenue increased 6.1% from the same period in 2012.
• Hotel EBITDA was $48 million, 8.3% higher than the same period in 2012.
• Adjusted EBITDA (which includes Adjusted EBITDA for sold hotels prior to sale) was $37.7 million compared to $41.4 million for the same period in 2012.
• Adjusted FFO was a loss of $773,000, or $0.01 per share, compared to a loss of $0.02 per share in 2012.

The REIT also continued selling assets to reposition its portfolio and strengthen its balance sheet. In February, FelCor president and CEO Richard Smith mentioned that 11 hotels were being marketed; as of recently one hotel is under contract. Furthermore, "we have received offers on five others and are in the process of negotiating contracts on those now," Smith noted at the REIT's recent Q2 earnings call. He went on to say that three other hotels are being marketed, with two more hitting the sales block in May. Smith added that interest in the properties is coming from private equity investors.