FELCOR SUITE HOTELS INC
4/A, 1998-05-11
REAL ESTATE INVESTMENT TRUSTS
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                                                           OMB APPROVAL        
                                                    ---------------------------
- ------                                              OMB Number:   3235-0287    
FORM 4                                              Expires: September 30, 1998
- ------                                              Estimated average burden   
/ / Check this box if no                            hours per response .... 0.5
    longer subject to                               ---------------------------
    Section 16. Form 4
    or Form 5 obligations 
    may continue. See     
    Instruction 1(b).

                    U. S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
                                                                             
               Filed pursuant to Section 16(a) of the Securities
                   Exchange Act of 1934, Section 17(a) of the
                   Public Utility Holding Company Act of 1935
                   or Section 30(f) of the Investment Company
                                  Act of 1940

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<S>                             <C>            <C>                        <C>                <C>          <C>            <C>   
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 1. Name and Address of Reporting Person*      2. Issuer Name and Ticker or Trading Symbol   6. Relationship of Reporting Person to 
Corcoran, Jr.      Thomas             J.             FelCor Suite Hotels, Inc.  (FCH)           Issuer (Check all applicable)
- ---------------------------------------------------------------------------------------------    X  Director         10% Owner
  (Last)          (First)          (MI)        3. IRS or Social Security  4. Statement for      ----              ---
                                                  Number of Reporting        Month/Year          X  Officer (give    Other (specify
545 E. John Carpenter Frwy. Suite 1300            Person                    April     1998      ----        title ---       below)
- ---------------------------------------------     (Voluntary)             -------------------               below)
                 (Street)                                                 5. If Amendment,       President and Chief Executive
                                                                             Date of Original    Officer
                                                                             (Month/Year)        ------------------------------
                                                                             April   1998     7. Individual or Joint/Group Filing
                                                                                                (Check Applicable Line)    
                                                                                                  X Form filed by One Reporting
                                                                                                 ---   Person
                                                                                                    Form filed by More than One
                                                                                                 ---   Reporting Person
Irving               TX            75062-0000                              
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  (City)           (State)           (Zip)     TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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 1. Title of Security           2. Trans-   3. Transac-  4. Security Acquired (A)  5.  Amount of Se-    6. Owner-      7. Nature  
  (Instr. 3)                       action      tion         or Disposed of (D)           curities Benefi-    ship           of In-  
                                   Date        Code         (Instr. 3, 4 & 5)            cially Owned at     Form:          direct  
                                  (Month/      (Instr. 8)                                End of Month        Direct         Benefi-
                                   Day/   ---------------------------------------        (Instr. 3 & 4)     (D) or         cial
                                   Year)  Code    V      Amount   (A) or    Price                            Indirect       Owner-
                                                                  (D)                                        (I)            ship
                                                                                                             (Instr. 4)     (Instr.
                                                                                                                             4)    
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Common Stock                 04/29/1998    P            5800       A        $33.2500        52675               D
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Series B Preferred Stock     04/30/1998    P             800       A        $25.0000          800               D
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Common Stock                 04/29/1998    P             900       A        $33.2500         1200               I           By Minor
                                                                                                                            Children
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.                   
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).                                   SEC 1474 (7/96)
                                                                                                                           
                                                                                                                        PAGE: 1 OF 2
</TABLE>
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<TABLE>
<CAPTION>
                                                                                                                                
 
FORM 4 (CONTINUED)        TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
                                  (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)

<S>                       <C>          <C>        <C>         <C>              <C>             <C>                   <C>          
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1. Title of Derivative    2. Conver-   3. Trans-  4. Trans-   5. Number of     6. Date Exer-   7. Title and Amount   8. Price     
   Security                  sion or      action     action      Derivative       cisable and     of Underlying         of        
   (Instr. 3)                Exercise     Date       Code        Securities Ac-   Expiration      Securities            Deriv-    
                             Price of     (Month/    (Instr. 8)  quired (A) or    Date            (Instr. 3 and 4)      ative     
                             Deriv-       Day/                   Disposed of (D)  (Month/Day/                           Secur-    
                             ative        Year)                  (Instr. 3, 4,    Year)                                 ity       
                             Security                            & 5)                                                  (Instr. 5)
                                                                               -----------------------------------             
                                                                               Date    Expira-            Amount or            
                                                    -------------------------- Exer-   tion       Title   Number of            
                                                    Code  V     (A)     (D)    cisable Date               Shares               
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<S>                          <C>                    <C>                         <C>                              
1. Title of Derivative       9. Number of           10. Ownership               11. Nature of                              
   Security                     Derivative              Form of                     Indirect                     
   (Instr. 3)                   Securities              Derivative                  Beneficial                   
                                Beneficially            Security:                   Ownership                    
                                Owned at End            Direct (D)                  (Instr. 4)                   
                                of Month                or Indirect (I)                                          
                                (Instr. 4)              (Instr. 4)                                               
                                                                                 
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EXPLANATION OF RESPONSES:
 
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.    /s/ THOMAS J. CORCORAN          5/11/98
  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).                                                  ------------------------------- -------
                                                                                             **Signature of Reporting Person   Date
                                         

Note: File three copies of this Form, one of which must be manually signed.
      If space provided is insufficient, see Instruction 6 for procedure.                                            SEC 1474 (7-96)

Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB number.

Corcoran, Jr., Thomas J.                             FelCor Suite Hotels, Inc.                             APR-1998   PAGE    2 OF 2
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