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Good News for FelCor, EBITDA Increases by 13%

IRVING, TX-A year-over-year EBITDA increase, combined with growing RevPAR and improving net loss per share during Q3 prompted the REIT's board of directors to reinstate its common dividend.

By Amy Wolff Sorter | Updated on October 31, 2013

IRVING, TX-FelCor Lodging Trust Inc.’s Q3 2013 results showed positive results, with year-over-year RevPAR for comparable hotels increasing 7.1%, adjusted FFO per share improving by 75% and net loss per share increasing from $0.18 to $0.05. Especially good news for the REIT was its hotel EBITDA, which, among comparable hotels, increased by 12.7% from $46.2 million during Q3 2012 to $52 million during Q3 2013.

EBITDA also increased among same-store hotels (from $57.1 million to $62 million), though dropped slightly in the Wyndham portfolio (from $10.9 million during Q3 2012 to $10 million during Q3 2013).

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