FELCOR SELLS EMBASSY SUITES HOTEL IN ATLANTA FOR $17.2M

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ATLANTA — FelCor Lodging Trust Inc. has sold its 232-room Embassy Suites hotel in Atlanta for $17.2 million. FelCor is using the proceeds of the sale to assume an existing $11 million loan on the property. FelCor has also agreed to sell its 218-room Embassy Suites hotel in Bloomington, Minn., for $24 million. FelCor is a publicly traded real estate investment trust.

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