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Red Lion Hotels Corporation is a hospitality and leisure company primarily engaged in the ownership, operation and franchising of upscale and midscale hotels under its Red Lion(R) brand. As of December 31, 2007 the RLH hotel network was comprised of 53 hotels located in eight states and one Canadian province, with 9,388 rooms and 472,529 square feet of meeting space. The company also owns and operates an entertainment and event ticket distribution business.
Red Lion Hotels Corporation was founded in 1937 under the name Goodale & Barbieri Companies (G&B). Between 1937 and 1976, G&B focused on third-party commercial and residential property management services and real estate development in Spokane, Washington. The Company's history of owning and operating hotels commenced in 1976 when it constructed the River Inn in Spokane. The proprietary Cavanaughs brand name was established in 1980. In 1987, the Company founded G&B Select A Seat, a computerized event ticketing company, which now operates under the name TicketsWest. The Company completed its Initial Public Offering on the New York Stock Exchange (NYSE: WEH) in 1998. At the end of 1999, the Company completed its acquisition of WestCoast Hotels, Inc. and subsequently re-branded its Cavanaughs Hotels to the WestCoast name, as well as changed its name to WestCoast Hospitality Corporation. At the end of 2001, WHC completed its acquisition of Red Lion Hotels and Inns and subsequently in February of 2003 re-branded the majority of the hotels to Red Lion. In September of 2005, to reflect the revitalization of the Red Lion brand, WestCoast Hospitality Corporation changed its name to Red Lion Hotels Corporation (NYSE: RLH). In April of 2006, G&B Real Estate Companies was spun off from Red Lion Hotels Corporation.
Red Lion Reports Third Quarter 2009 Results
Red Lion Hotels Corporation (NYSE: RLH) today announced its results for the third quarter and nine-month period ended September 30, 2009. Summary results for the three and nine-month periods follow... November 6, 2009 | Read Full Story | Permalink
Red Lion Hotels Taps Worktopia To Reach Small Meetings Market
Red Lion Hotels Corporation (NYSE: RLH) has made its inventory of small meeting rooms available for real-time booking through a new marketing agreement with Worktopia, Inc., the leading real-time booking engine for small and simple meetings. October 26, 2009 | Read Full Story | Permalink
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