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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM T-1
STATEMENT OF ELIGIBILITY UNDER THE
TRUST INDENTURE ACT OF 1939 OF A CORPORATION
DESIGNATED TO ACT AS TRUSTEE
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CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE
PURSUANT TO SECTION 305(b)(2) [ ]
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SUNTRUST BANK, ATLANTA
(Exact name of trustee as specified in its charter)
58-0466330
(I.R.S. employer identification no.)
25 PARK PLACE, N.E.
ATLANTA, GEORGIA 30303
(Address of principal executive offices) (Zip Code)
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DAVID M. KAYE
SUNTRUST BANK, ATLANTA
58 EDGEWOOD AVENUE, N.E.
ROOM 400A
ATLANTA, GEORGIA 30303
(404) 588-8060
(Name, address and telephone number of agent for service)
FELCOR SUITES LIMITED PARTNERSHIP
FELCOR SUITE HOTELS, INC.
FELCOR/CSS HOTELS, L.L.C.
FELCOR/LAX HOTELS, L.L.C.
FELCOR EIGHT HOTELS, L.L.C.
FELCOR/CSS HOLDINGS, L.P.
FELCOR/ST. PAUL HOLDINGS, L.P.
FELCOR/LAX HOLDINGS, L.P.
(Exact name of co-obligor as specified in its charter)
DELAWARE 75-2564994
MARYLAND 72-2541756
DELAWARE 75-2624290
DELAWARE 75-2647535
DELAWARE 75-2582006
DELAWARE 75-2620463
DELAWARE 75-2624292
DELAWARE 75-2624293
(State or other jurisdiction of (IRS employer
incorporation or organization) identification no.)
545 E. JOHN CARPENTER FRWY.
SUITE 1300
IRVING, TEXAS 75062
(Address of principal executive offices) (Zip Code)
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7 3/8% SENIOR NOTES DUE 2004
7 5/8% SENIOR NOTES DUE 2007
GUARANTEES OF SENIOR NOTES(1)
(Title of the indenture securities)
(1) FelCor Suite Hotels, Inc. and the following wholly-owned subsidiaries of
the Registrant: FelCor/CSS Hotels, L.L.C., Felcor/LAX Hotels, L.L.C.,
FelCor Eight Hotels, L.L.C., FelCor/CSS Holdings, L.P., FelCor/St. Paul
Holdings, L.P. and FelCor/LAX Holdings, L.P., have each guaranteed the
notes being registered pursuant hereto.
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1. General information.
(a) Name and address of each examining or supervising authority to which
it is subject.
DEPARTMENT OF BANKING AND FINANCE
STATE OF GEORGIA
ATLANTA, GEORGIA
FEDERAL RESERVE BANK OF ATLANTA
104 MARIETTA STREET, N.W.
ATLANTA, GEORGIA
FEDERAL DEPOSIT INSURANCE CORPORATION
WASHINGTON, D.C.
(b) Whether it is authorized to exercise corporate trust powers.
YES.
2. Affiliations with obligor.
NONE.
3. Voting Securities of the Trustee.
NOT APPLICABLE.
4. Trusteeships under Other Indentures.
NOT APPLICABLE.
5. Interlocking Directorates and Similar Relationships with the Obligor or
Underwriters.
NOT APPLICABLE.
6. Voting Securities of the Trustee Owned by the Obligor or its Officials.
NOT APPLICABLE.
7. Voting Securities of the Trustee Owned by Underwriters or their Officials.
NOT APPLICABLE.
8. Securities of the Obligor Owned or Held by the Trustee.
NOT APPLICABLE.
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9. Securities of Underwriters Owned or held by the Trustee.
NOT APPLICABLE.
10. Ownership or Holdings by the Trustee of Voting Securities of Certain
Affiliates or Security Holders of the Obligor.
NOT APPLICABLE.
11. Ownership or Holdings by the Trustee of any Securities or a Person Owning
50 Percent or More of the Voting Securities of the Obligor.
NOT APPLICABLE.
12. Indebtedness of the Obligor to the Trustee.
NOT APPLICABLE.
13. Defaults by the Obligor.
(a) Whether there is or has been a default with respect to the securities
under this indenture.
THERE IS NOT AND HAS NOT BEEN ANY SUCH DEFAULT.
(b) If the trustee is a trustee under another indenture under which any
other securities, or certificates of interest or participation in any
other securities, of the obligor are outstanding, or is trustee for
more than one outstanding series of securities under the indenture,
state whether there has been a default under any such indenture or
series.
THERE HAS NOT BEEN ANY SUCH DEFAULT.
14. Affiliations with the Underwriters.
NOT APPLICABLE.
15. Foreign Trustee.
NOT APPLICABLE.
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16. List of Exhibits.
The additional exhibits listed below are filed herwith; exhibits, if any,
identified in parentheses are on file with the Commission and are incorporated
herein by reference as exhibits hereto pursuant to Rule 7a-29 under the Trust
Indenture Act of 1939, as amended, and Rule 24 of the Commission's Rules of
Practice.
Exhibit
Number
1 A copy of the Articles of Amendment and Restated Articles of Incorporation
as now in effect. (Exhibit 1 to Form T-1, Registration No. 333-25463.)
2 A copy of the certificate of authority of the Trustee to commence business.
(Included in Exhibit 1.)
3 A copy of the authorization of the Trustee to exercise trust powers.
(Included in Exhibit 1.)
4 By-laws of the Trustee. (Included in Exhibit 4 to Form T-1, Registration
No. 333-25463.)
5 Not applicable.
6 Consent of the trustee required by Section 321(b) of the Trust Indenture
Act of 1939, as amended.
7 Latest report of condition of the Trustee published pursuant to law or the
requirements of its supervising or examining authority as of the close of
business on June 30, 1997.
8 Not applicable.
9 Not applicable.
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SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939 the
trustee, SunTrust Bank, Atlanta, a banking corporation organized and existing
under the laws of the State of Georgia, has duly caused this statement of
eligibility and qualification to be signed on its behalf by the undersigned,
thereunto duly authorized, all in the City of Atlanta and the State of Georgia,
on the 4th day of November, 1997
SUNTRUST BANK, ATLANTA
By: /s/ David M. Kaye
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Group Vice President
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EXHIBIT 6 TO FORM T-1
CONSENT OF TRUSTEE
Pursuant to the requirements of Section 321(b) of the Trust Indenture Act
of 1939 in connection with the proposed issuance of FelCor Suites Limited
Partnership, et al, 7 3/8% Senior Notes Due 2004, 7 5/8% Senior Notes Due 2007
and Guarantees of Senior Notes to be issued under the Indenture, SunTrust Bank,
Atlanta hereby consents that reports of examinations by Federal, State,
Territorial or District authorities may be furnished by such authorities to the
Securities and Exchange Commission upon request therefor.
SUNTRUST BANK, ATLANTA
By: /s/ David M. Kaye
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Group Vice President
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EXHIBIT 7 FORM T-1
LATEST REPORT OF CONDITION
OF
SUNTRUST BANK, ATLANTA
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SUNTRUST BANK ATLANTA Call Date: 06/30/97 State #: 130330 FFIEC 031
P. O. BOX 4418 CENTER 63Z Vendor ID: D Cert #: 00867 RC-1
ATLANTA, GA 30302 Transit #: 6100D104
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CONSOLIDATION REPORT OF CONDITION FOR INSURED COMMERCIAL
AND STATE-CHARTERED SAVINGS BANKS FOR JUNE 30, 1997
All schedules are to be reported in thousands of dollars. Unless otherwise indicated, report the amount outstanding as of the
last business day of the quarter.
SCHEDULE RC - BALANCE SHEET
C400<
Dollar Amounts in Thousands
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ASSETS
1. Cash and balances due from depository institutions (from Schedule RC-A): RCFD
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a. Noninterest-bearing balances and currency and coin (1)...................................... 0061 1,107,326 1.a
b. Interest-bearing balances(2)................................................................ 0071 4,501 1.b
2. Securities:
a. Held-to-maturity securities (from Schedule RC-B, column A).................................. 1754 0 2.a
b. Available-for-sale securities (from Schedule RC-B, column D)................................ 1773 3,075,005 2.b
3. Federal funds sold and securities purchased under agreements to resell.......................... 1350 2,074,409 3
4. Loans and lease financing receivables: RCFD
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a. Loans and leases, net of unearned income (from Schedule RC-C)............ 2122 10,146,000 4.a
b. LESS: Allowance for loan and lease losses............................... 3123 131,278 4.b
c. LESS: Allocated transfer risk reserve................................... 3128 0 RCFD 4.c
d. Loans and leases, net of unearned income, allowance, and reserve (item ----
4.a minus 4.b and 4.c)...................................................................... 2125 10,014,722 4.d
5. Trading assets (from Schedule RC-D)............................................................. 3545 21,092 5.
6. Premises and fixed assets (including capitalized leases)........................................ 2145 96,777 6.
7. Other real estate owned (from Schedule RC-M).................................................... 2150 1,831 7.
8. Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M)........ 2130 12,664 8.
9. Customers' liability to this bank on acceptances outstanding.................................... 2155 449,863 9.
10. Intangible assets (from Schedule RC-M).......................................................... 2143 18,090 10.
11. Other assets (from Schedule RC-F)............................................................... 2160 171,594 11.
12. Total assets (sum of items 1 through 11)........................................................ 2170 17,047,874 12.
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(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
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SUNTRUST BANK ATLANTA Call Date: 06/30/97 State #: 13033D FFIEC 031
P. O. BOX 4418 CENTER 632 Vendor ID: D Cert #: 00867 RC-2
ATLANTA, GA 30302 Transit #: 610001D4
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SCHEDULE RC - CONTINUED
Dollar Amounts in Thousands
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LIABILITIES
13. Deposits
a. In domestic offices (sum of totals of columns A and C from Schedule RC-E, RCON
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part I) ............................................................. RCON 2200 7,050,141 13.a
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(1) Noninterest-bearing(1).......................................... 5631 2,919,686 13.a.1
(2) Interest-bearing................................................. 6536 4,130,455 13.a.2
b. In foreign offices, Edge and Agreement subsidiaries, and IBFs (from RCFN
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Schedule RC-E, part II).............................................. RCFN 2200 1,558,328 13.b
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(1) Noninterest-bearing.............................................. 6631 0 13.b1
(2) Interest-bearing................................................. 5536 1,558,328 13.b2
14. Federal funds purchased and securities sold under agreements to RCFD
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repurchase .............................................................................. 2800 3,666,404 14
RCON
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15. a. Demand notes issued to the U.S. Treasury............................................. 2840 0 15.a
RCFD
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b. Trading liabilities (from Schedule RC-D)............................................. 3548 1,685 15.b
16. Other borrowed money (includes mortgage indebtedness and obligations
under capitalized leases):
a. With a remaining maturity of one year or less........................................ 2332 748,160 16.a
b. With a remaining maturity of more than one year through three years.................. A547 0 16.b
c. With a remaining maturity of more than three years................................... A548 2,502 16.c
17. Not applicable
18. Bank's liability on acceptances executed and outstanding.................................. 2920 449,863 18
19. Subordinated notes and debentures(2)...................................................... 3200 250,000 19
20. Other liabilities (from Schedule RC-G).................................................... 2930 1,084,678 20
21. Total liabilities (sum of items 13 through 20)............................................ 2948 14,811,761 21
22. Not applicable
EQUITY CAPITAL
23. Perpetual preferred stock and related surplus............................................. 3838 0 23
24. Common stock.............................................................................. 3230 21,601 24
25. Surplus (exclude all surplus related to preferred stock).................................. 3839 553,406 25
26. a. Undivided profits and capital reserves................................................ 3632 605,599 26.a
b. Net unrealized holding gains (losses) on available-for-sale securities................. 3434 1,055,507 26.b
27. Cumulative foreign currency translation adjustments....................................... 3284 0 27
28. Total equity capital (sum of items 23 through 27)......................................... 3210 2,236,113 28
29. Total liabilities and equity capital (sum of items 21 and 28)............................. 3300 17,047,874 29
MEMORANDUM
TO BE REPORTED ONLY WITH THE MARCH REPORT OF CONDITION.
1 Indicate in the box at the right the number of the statement below that best
describes the most comprehensive level of auditing work performed for the bank by RCFD NUMBER
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independent external auditors as of any date during 1996.................................. 6724 N/A M.1
1 = Independent audit of the bank conducted in accordance 4 = Directors' examination of the bank performed by other
with generally accepted auditing standards by a cert- external auditors (may be required by state chartering
ified public accounting firm which submits a report on authority)
the bank 5 = Review of the bank's financial statements by external
2 = Independent audit of the bank's parent holding company auditors
conducted in accordance with generally accepted audit- 6 = Compilation of the bank's financial statements by
ing standards by a certified public accounting firm external auditors
which submits a report on the consolidated holding 7 = Other audit procedures (excluding tax preparation work)
company (but not on the bank separately) 8 = No external audit work
3 = Directors' examination of the bank conducted in
accordance with generally accepted auditing standards
by a certified public accounting firm (may be
required by state chartering authority)
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(1) Includes total demand deposits and noninterest-bearing time and savings
deposits.
(2) Includes limited-life preferred stock and related surplus.