IRVING, TX FelCor Lodging Trust announced that fourth quarter 2000 funds from operations (FFO) totaled $62.4 million, or $0.94 per share, compared to the fourth quarter 1999 of $63.8 million, or $0.87 per share. This is an 8% increase on a per share basis. FelCor s fourth quarter FFO results exceeded current analyst consensus estimates by $0.03 per share or 3.3%. Year-ended December 31, 2000 FFO totaled $288.6 million, or $4.29 per share, as compared to $286.9 million, or $3.81 per share, for 1999, representing a 12.6% increase.
In the fourth quarter of 2000, FelCors total hotel portfolio RevPAR increased 5.5% while EBITDA also increased 5.5% to $109.1 million. For the full year, total hotel portfolio RevPAR increased 7.4% while EBITDA increased 8.8% to $470.9 million from $432.7 million the year prior. (2/7/01)