Summary of FELCOR LODGING TRUST INC

Item 1.01 Entry into a Material Definitive Agreement.

On June 12, 2009, certain subsidiaries of FelCor Lodging Trust Incorporated (the "Company" and, together with FelCor Lodging Limited Partnership, "FelCor") entered into a Term Loan Agreement (the "Loan Agreement") with JPMorgan Chase Bank, N.A., as the administrative agent and lender, and the other lenders thereto, providing for a loan in the original principal amount of $200,800,000 (the "Loan"). J.P. Morgan Securities Inc. acted as the lead arranger. The Loan has a term of two years, plus two one-year extension options subject to certain conditions, and bears a variable interest rate (currently LIBOR plus 350 basis points). The Loan Agreement, which contains no corporate-level financial covenants, includes rights to prepayment and partial release of properties, subject to certain conditions, and is subject to acceleration upon the occurrence of certain events of default. The Loan is secured by first priority mortgages on nine hotel properties directly owned by one of the borrowers and a pledge of the equity interests of the borrowers. The Loan is nonrecourse, except for certain customary recourse carveouts. FelCor has guaranteed the recourse carveouts. The proceeds of the Loan will be used for general corporate purposes, including repayment of FelCor's line of credit, which has been canceled.

Item 1.02 Termination of a Material Definitive Agreement.

On June 12, 2009, FelCor terminated its $250 million line of credit and, in connection therewith, repaid all amounts then outstanding thereunder.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On June 12, 2009, pursuant to the terms of the Loan Agreement, certain FelCor subsidiaries incurred a $200,800,000 direct financial obligation. See Item 1.01 above, which is incorporated herein by reference.

Item 8.01 Other Events

On June 15, 2009, FelCor issued a press release announcing the funding of the Loan and termination of its line of credit. A copy of the press release is attached as Exhibit 99.1 to this Current Report and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

                   Exhibit
                   Number    Description of Exhibit

                   99.1      Press Release dated June 15, 2009