The owner of the Embassy Suites in Baton Rouge said Thursday it has completed a previously announced deal to sell the 223-room hotel for $20 million.
The Embassy Suites has been open since 1985. FelCor Lodging Trust Inc. a real estate investment trust based in Irving, Texas, did not disclose the buyer. Felco will use the proceeds to repay outstanding debt. Felcor now owns 63 hotels.