MYRTLE BEACH, S.C. - April 10, 2003 - FelCor Lodging Trust Incorporated (NYSE: FCH) and Hilton Hotels Corporation (NYSE: HLT) have announced the opening of the Hilton Myrtle Beach Resort®. 

Located directly on the ocean at the north end of Myrtle Beach on the famed �Grand Strand,� the Hilton Myrtle Beach Resort is centrally located in the heart of the region�s dining, shopping and entertainment attractions.  The resort also is adjacent to Kingston Plantation, one of the largest and most comprehensive resort destination properties on the East Coast.

Both the 385-room Hilton resort and the Kingston Plantation resort are owned by FelCor Lodging Trust, an Irving, Texas-based hotel real estate investment trust, and are managed by Hilton Hotels Corporation.  The Hilton Myrtle Beach Resort is the first Hilton brand full-service hotel resort in FelCor's consolidated portfolio of 169 hotels.  FelCor owns 82 properties within the Hilton Family of Hotels.

�We are pleased to again join with Hilton Hotels Corporation to add a brand new dimension to the Kingston Plantation/Myrtle Beach experience,� said Thomas J. Corcoran, Jr., FelCor�s President and CEO.  �Guests who stay with us at the Hilton Myrtle Beach Resort will now have the opportunity to earn both hotel points and airline miles with Hilton HHonors®, one of the most respected frequent guest programs available today.  We encourage both corporate and leisure customers alike to re-discover this newly-renovated oceanfront gem.�
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�Hilton is proud to work with FelCor in its return to one of the East Coast�s most popular year-round leisure destinations with the addition of such a fine oceanfront resort to its roster," said Robert E. Dirks, senior vice president - brand management & marketing for the Hilton brand.  "With the strength of Hilton�s worldwide global marketing, sales and technology infrastructure, we look forward to encouraging our most loyal leisure and business travelers, as well as meeting and incentive travel planners, to take a look at the newly-revitalized Hilton Myrtle Beach Resort."

Guestrooms at the Hilton Myrtle Beach Resort have been refurbished with a nautical design and all-new furnishings.  In addition, each guestroom features in-room coffee service, irons and ironing boards, hair dryers, refrigerators, a sitting area with an easy chair, and a work desk with high-speed Internet access.  In-room entertainment and information services include video on-demand movies, video games and interactive Hilton guest services.

The Hilton Myrtle Beach Resort contains 32,000 square feet of on-site meeting facilities, including a 16,000 square-foot exhibition hall.  The flexible space is perfectly suited for any occasion of 10 to 1,000 people - from corporate retreats, board meetings and receptions to major exhibitions and special events.

For dining, breathtaking oceanfront views at Café Amalfi make casual dining an enjoyable experience for breakfast, lunch and dinner.  Beachcomber's is an outdoor bar/restaurant where casual ambience and superb ocean and pool views invite relaxation with light food offerings and refreshing drinks.  A heated, outdoor pool and an exercise room with cardiovascular equipment round out the offerings for guests to relax and stay fit during their stay.  Nearby recreation includes a variety of watersports and outdoor activities.

The Hilton Myrtle Beach Resort is proud to present the Arcadian Shores Golf Club.  The classic par 72, 18 hole Rees Jones-designed course, located on the resort premises, has long been touted as one of the Grand Strand�s most enjoyable courses.   In addition, all guests can take advantage of an on-site �golf concierge� who can help golf lovers take advantage of the wide range of golf offerings throughout the area.

The Hilton Myrtle Beach Resort provides reciprocal guest access to the recreational and meeting facilities at the adjacent Kingston Plantation�s resort, including a 50,000 square-foot Sport and Health Club, featuring indoor and outdoor swimming pools, nine tennis courts and a pro shop, state-of-the-art fitness equipment, Splash pool complex and seasonal children�s programs.  Similarly, guests at the Kingston Plantation resort will receive preferred access to tee times at the Arcadian Shores Golf Course. 

About Kingston Plantation 
The Kingston Plantation and the new Hilton Myrtle Beach Resort collectively feature more than 1,300 luxurious guest accommodations including a 255-suite Embassy Suites Hotel® that is owned by FelCor and managed by Hilton Hotels Corporation.  FelCor also has a joint venture agreement with Hilton to develop the Margate Tower, a 251-unit luxury oceanfront residential condominium project.  The development project is adjacent to Brighton Condominiums, a 200-unit residential condominium development that FelCor and Hilton completed in 2000.

The addition of the Hilton Myrtle Beach Resort adjacent to the Kingston Plantation resort, provides a FelCor-owned and Hilton-managed complex offering overall meeting space above the 100,000 square-foot mark, solidifying the Kingston Plantation�s resort�s leadership role as the largest convention resort on the Mid-Atlantic coast.

About FelCor Lodging Trust 
FelCor Lodging Trust (NYSE: FCH) is the nation�s second largest lodging real estate investment trust (REIT) and the largest owner of full service, all-suite hotels.  FelCor�s consolidated portfolio is comprised of 169 hotels, located in 35 states and Canada.  FelCor owns 77 full service, all-suite hotels, and is the largest owner of Embassy Suites Hotels® and Doubletree Guest Suites® hotels.  FelCor�s portfolio also includes 83 hotels in the upscale and full service segments.  FelCor has a current market capitalization of approximately $2.7 billion.