trending Market Intelligence /marketintelligence/en/news-insights/trending/kpTY9wnLHlf070LvsiWpQg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Red Lion Hotels board lists for sale majority of remaining hotels

Commercial Real Estate: 2020 Review

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Red Lion Hotels board lists for sale majority of remaining hotels

The board of Red Lion Hotels Corp. approved the listing for sale of 11 of the company's remaining 18 hotels and tapped CBRE Group Inc. to market the hotels.

The move is in line with the company's asset-light strategy, which focuses on the higher-margin hotel franchise business. In the last few years, the company has expanded its franchise portfolio to about 1,100 hotels.

The hotels picked for listing include Hotel RL Salt Lake City in Utah; Hotel RL Spokane at the Park, Hotel RL Olympia, Red Lion Hotel Pasco, Red Lion Hotel Richland Hanford House and Red Lion Hotel Port Angeles in Washington; Red Lion Hotel Redding and Red Lion Hotel Eureka in California; Red Lion Hotel Boise Downtowner and Red Lion Hotel Templin's on the River in Idaho; and Red Lion Inn & Suites Bend in Oregon.

The company intends to repay its long-term debt relating to the assets being listed and expects the sale to improve its ability to generate higher earnings per share in the future.