[FELCOR LODGING TRUST LOGO]      Felcor Lodging Trust Incorporated
                                 545 E. John Carpenter Freeway Suite  1300
                                 Irving, Texas 75062-3933
                                 P 972.444.4900 F 972.444.4949
                                 www.felcor.com NYSE: FCH

For Immediate Release:

          FELCOR ANNOUNCES SALE OF SERIES C PREFERRED STOCK AND PARTIAL
                   REDEMPTION OF ITS SERIES B PREFERRED STOCK

      IRVING, TEXAS...MARCH 8, 2005 - FelCor Lodging Trust Incorporated (NYSE:
FCH), the nation's second largest public hotel real estate investment trust
(REIT), today announced that it has entered into an underwriting agreement to
sell 5.4 million depositary shares, each representing 1/100 of a share of its 8%
Series C Cumulative Redeemable Preferred Stock, at a price to public of $25.00
per depositary share. The public offering of these shares was made pursuant to
an effective shelf registration statement previously filed with the Securities
and Exchange Commission.

      The gross proceeds of the offering of $135 million will be used to redeem
54,000 shares of FelCor's currently outstanding 9% Series B Cumulative
Redeemable Preferred Stock and the corresponding 5,400,000 depositary shares
(CUSIP No. 31430F 40 8) representing the Series B preferred stock being
redeemed. The underwriting discounts and commissions of approximately $4.3
million, and the other offering expenses estimated at $150,000, as well as the
accrued but unpaid dividends on the shares redeemed, will be paid from FelCor's
available cash, rather than from the proceeds of the offering. Morgan Stanley &
Co. Incorporated is the lead manager and bookrunner for the offering with A.G.
Edwards & Sons, Inc. and Deutsche Bank Securities Inc. as co-managers.

      This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale, of these
securities in any state in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
such state. Offers of the securities may be made only by means of a prospectus
supplement and an accompanying prospectus, copies of which may be obtained from
the offices of Morgan Stanley & Co. Incorporated, 1585 Broadway, New York, NY
10036, Attn: Prospectus Department, Phone: 212-761-8570.

      This press release contains information about a pending transaction, and
there can be no assurance that this transaction will be completed.

      FelCor is the nation's second largest public hotel REIT and the nation's
largest owner of full service, all-suite hotels. FelCor's portfolio is comprised
of 143 hotels, located in 31 states and Canada. FelCor owns 69 full service,
all-suite hotels, and is the largest owner of Embassy Suites Hotels(R) and
Doubletree Guest Suites(R) hotels. FelCor's portfolio also includes 65 hotels in
the upscale and full service segments. FelCor has a current market
capitalization of approximately $3.0 billion. Additional information can be
found on the Company's Web site at www.felcor.com.

      With the exception of historical information, the matters discussed in
this news release include "forward looking statements" within the meaning of the
federal securities laws. Forward looking statements are not guarantees of future
performance. Numerous risks and uncertainties, and the occurrence of future
events, may cause actual results to differ materially from those currently
anticipated. General economic conditions, including the anticipated continuation
of the current economic recovery, the impact of U.S. military involvement in the
Middle East and elsewhere, future acts of terrorism, the impact on the travel
industry of increased security precautions, the availability of capital, the
ability to effect sales of non-strategic hotels at anticipated prices, and
numerous other factors may affect future results, performance and achievements.
Certain of these risks and uncertainties are described in greater detail in our
filings with the Securities and Exchange Commission. Although we believe our
current expectations to be based upon reasonable assumptions, we can give no
assurance that our expectations will be attained or that actual results will not
differ materially.

Contact:

Stephen A. Schafer, Vice President
 of Investor Relations                  (972) 444-4912 sschafer@felcor.com
Monica L. Hildebrand, Vice President
 of Communications                      (972) 444-4917 mhildebrand@felcor.com

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