FelCor Lodging Trust Incorporated is a hotel real estate investment trust (REIT). As the sole general partner of, and the owner of a greater than 85% partnership interest in, FelCor Lodging Limited Partnership (FelCor LP), the Company had ownership interests in 183 hotels, as of December 31, 2001, with nearly 50,000 rooms and suites. All of the Company's operations are conducted solely through FelCor LP or its subsidiaries. As of December 31, 2001, the Company owned a 100% interest in 150 hotels, a 90% or greater interest in entities owning seven hotels, a 60% interest in an entity owning two hotels and a 50% interest in separate unconsolidated entities that owned 24 hotels. The Company's hotels are located in the United States (35 states) and Canada, with concentrations in Texas (41 hotels), California (19 hotels), Florida (17 hotels) and Georgia (14 hotels).