FelCor Lodging Trust Incorporated (NYSE: FCH) and its subsidiary FelCor Lodging Limited Partnership (“FelCor LP”), today announced that, pursuant to the previously announced cash tender offers and consent solicitations for any and all of FelCor LP’s outstanding senior secured floating rate notes due 2011 (the “Floating Rate Notes”) and 8½% senior notes due 2011 (the “8½% Notes”), as of 5:00 p.m., New York City time, on Tuesday, September 29, 2009, it had received consents from holders of a majority in principal amount of the outstanding Floating Rate Notes and a majority in principal amount of the outstanding 8½% Notes to amend the respective indentures governing the notes, which amendments will eliminate substantially all of the restrictive covenants and certain event of default provisions contained in such indentures.

As a result, FelCor LP executed supplemental indentures dated September 29, 2009 incorporating the amendments with the applicable trustee under each indenture, as described in the applicable Offer to Purchase and Consent Solicitation Statement, each dated September 17, 2009 (each, an “Offer to Purchase”). However, the amendments will not become operative unless and until the validly tendered notes are purchased by FelCor LP. As provided in the Offers to Purchase, any notes previously tendered and not validly withdrawn prior to the execution of the supplemental indentures, and any notes tendered following the execution of the supplemental indentures, may not be withdrawn, except as may otherwise be required by law.

Any holders of notes who validly tender their notes and validly deliver their consents prior to the consent payment deadline of 5:00 p.m., New York City time, on September 30, 2009 (the “Consent Date”), will receive, promptly after acceptance for purchase by FelCor LP, the total consideration of $1,000 per $1,000 principal amount of notes, which includes a consent payment of $20 per $1,000 principal amount of notes, plus any accrued and unpaid interest up to, but not including, the settlement date.

The tender offers are scheduled to expire at 11:59 p.m., New York City time, on October 15, 2009, unless extended (the “Expiration Date”). Any holders of notes who validly tender their notes after the Consent Date, but at or prior to the Expiration Date, will receive, promptly after acceptance for purchase by FelCor LP, $980 for each $1,000 principal amount of the notes validly tendered, plus any accrued and unpaid interest up to, but not including, the settlement date. Any notes not validly tendered pursuant to the tender offers will remain outstanding and the holders thereof will be subject to the terms of the applicable supplemental indenture, even though they did not consent to the amendments.

J.P. Morgan Securities Inc. is acting as Dealer Manager and Solicitation Agent for the tender offers and consent solicitations. Questions concerning the tender offers and the consent solicitations may be directed to J.P. Morgan at (212) 270-3994 (collect) or (800) 245-8812 (toll free).

This press release is not an offer to purchase, a solicitation of, or acceptance of, the offers to purchase, or a solicitation of consents, which may be made only pursuant to the terms of the applicable Offer to Purchase and related consent and letter of transmittal. Those documents should be consulted for additional information regarding delivery procedures and the conditions for the tender offer.

FelCor, a real estate investment trust, is the nation’s largest owner of upper upscale, all-suite hotels. FelCor owns interests in 87 hotels and resorts, located in 23 states and Canada. FelCor’s portfolio consists mostly of upper upscale hotels, which are flagged under global brands - Embassy Suites Hotels®, Doubletree®, Hilton®, Marriott®, Renaissance®, Sheraton®, Westin® and Holiday Inn®.