FelCor Lodging Trust Responds to Ashford Hospitality Trust’s Unsolicited Proposal

IRVING, Texas--(BUSINESS WIRE)--FelCor Lodging Trust Incorporated (NYSE: FCH) confirmed today that its Board of Directors has received an unsolicited, non-binding and conditional proposal to combine its business with Ashford Hospitality Trust (NYSE: AHT). The proposal, made public by AHT today, follows several months in which FelCor has engaged with AHT in an effort to explore the possibility that a mutually beneficial transaction could be reached.