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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 19, 1997
FELCOR SUITE HOTELS, INC.
(Exact name of registrant as specified in its charter)
MARYLAND 0-24250 72-2541756
(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
545 E. JOHN CARPENTER FREEWAY, SUITE 1300, IRVING, TEXAS 75062
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (972) 444-4900
(NOT APPLICABLE)
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
The Registrant files herewith the exhibit listed in Item 7(c) below.
ITEM 7(c). EXHIBITS
The following exhibit is furnished in accordance with Item 601 of
Regulation S-K:
99 Press Release dated September 19, 1997
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FELCOR SUITE HOTELS INC. (Registrant)
Date: September 19, 1997 By: /s/Lawrence D. Robinson
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Lawrence D. Robinson
Senior Vice President,
General Counsel and
Secretary
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INDEX TO EXHIBITS
Exhibit Sequentially
No. Exhibit Numbered Page
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99 Press Release dated September 19, 1997
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[FELCOR SUITE HOTELS, INC. LETTERHEAD]
FOR IMMEDIATE RELEASE CONTACTS: THOMAS J. CORCORAN, JR.
PRESIDENT AND CEO
WILLIAM S. MCCALMONT
SENIOR VICE PRESIDENT & CFO
(972) 444-4900
FELCOR ANNOUNCES OFFERING OF SENIOR UNSECURED NOTES
IRVING, TEXAS....SEPTEMBER 19, 1997 - FelCor Suite Hotels, Inc.
(NYSE:FCH), today announced that its 92.6% owned subsidiary, FelCor Suites
Limited Partnership, proposes to offer privately $150 million in aggregate
principal amount of its senior unsecured notes due 2004, which notes will be
guaranteed by FelCor Suite Hotels, Inc. and be offered to certain qualified
institutional buyers and other institutional accredited investors. The notes
will not be redeemable at the option of the Company prior to maturity.
The purpose of the offering is to retire an outstanding $85 million
secured term loan and, at least temporarily, reduce amounts outstanding under
the Company's $550 million unsecured revolving line of credit.
The senior unsecured notes to be offered in the private placement have
not been registered under the Securities Act of 1933, as amended, and may not
be offered or sold in the United States absent such registration or an
applicable exemption from the registration requirements thereof.
FelCor Suite Hotels, Inc., which was formed in July 1994 by the founding
President of Embassy Suites hotels, Hervey A. Feldman, and his partner and
long-time hotel and restaurant executive Thomas J. Corcoran, Jr., is the only
real estate investment trust (REIT) focusing on up-scale, full-service,
all-suite hotels and is the world's largest owner of Embassy Suites(R) hotels.
Its current portfolio of 70 hotels contains an aggregate of 17,121 suites and
rooms and consists of 51 Embassy Suites hotels (of which 27 were converted from
other brands), one hotel in the process of conversion to an Embassy Suites
hotel; 12 Doubletree Guest Suites(R) hotels; five Sheraton(R) hotels (three of
which are up-scale, full-service traditional non-suite hotels); and one Hilton
Suites(R) hotel. FelCor's total market capitalization is approximately $2
billion.
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