Hotel Job Resource - Red Lion Hotel News

Red Lion Hotels Corporation (NYSE: RLH), a western U.S. based owner and franchisor of midscale hotels, announced its results for the first quarter ended March 31, 2012. The company reported for the first quarter revenues of $32.7 million and EBITDA of $1.2 million both from continuing operations before special items.

Red Lion Hotels Corporation (NYSE: RLH) announced that its board of directors has authorized Bank of America Merrill Lynch to explore strategic alternatives to maximize shareholder value, including a potential sale of the company or a strategic combination with a third party.

Total revenue from continuing operations reported during the fourth quarter was $33.2 million compared to $36.0 million in the fourth quarter of 2010. On a comparable basis, total revenue increased $0.4 million from $32.8 million in the fourth quarter of 2010.

Red Lion Hotels Corporation (NYSE: RLH) announced today it has rebranded the Red Lion Hotel Grants in New Mexico, making this the third hotel to join the brand in New Mexico in the last few weeks.

Red Lion Hotels Corporation (NYSE: RLH) announced today that two New Mexico hotels, the Red Lion Hotel Farmington and the Red Lion Hotel Gallup, have successfully transferred to the brand.

Red Lion Hotels Corporation (NYSE: RLH) has listed for sale the Red Lion Hotel Medford in Oregon and the Red Lion Inn Missoula in Montana.

Total revenue reported during the third quarter was $46.2 million compared to total revenue of $49.8 million in the third quarter of 2010. On a comparable basis, total revenue increased $0.8 million from $45.4 million in the third quarter of 2010.

Red Lion Hotels Corporation (NYSE: RLH) announced the company has signed a franchise license agreement for a hotel in Grants, NM; the third in the past month.

Red Lion Hotels Corporation (NYSE: RLH) announced the company has signed franchise license agreements with the owner of two New Mexico hotels. The two properties are among a group of hotels owned by Positive Investments, Inc., which is also the owner of the Red Lion Hotel Oakland International Airport in Oakland, California.

Under this secured facility, Red Lion Hotels obtained $18 million in term debt in addition to the $12 million outstanding under the original facility. Substantially all of the additional term debt proceeds have been used to pay off maturing loans secured by the Red Lion Hotel at the Park in Spokane and the Red Lion Hotel Olympia.