Ashford Unveils Proposal to Buy FelCor

The combined company would be the second-largest pure-play publicly traded lodging REIT by guestroom count and the third-largest by enterprise value.

Dallas—Ashford Hospitality Trust announced on Tuesday that it had submitted a non-binding proposal to acquire FelCor Lodging Trust for a total consideration of $9.27 per share, which reportedly represents an 11 percent premium to FelCor’s 52-week high closing stock price of $8.34.

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