Red Lion Sells Missoula Hotel and Signs Franchise Agreement

SPOKANE, Wash. - Feb. 21, 2013 // PRNewswire // - Red Lion Hotels Corporation (NYSE: RLH) today announced the company has sold the Red Lion Inn Missoula in Montana for $1.95 million. As part of the sale agreement, the new owners signed a franchise agreement with the company.

"We are pleased to keep this hotel in our system and that the new owners are investing in property upgrades," said Jon E. Eliassen , President and Chief Executive Officer of Red Lion Hotels Corporation. "With each of the hotels we have sold in the past year, we have also signed new franchise agreements."

The Red Lion Inn & Suites Missoula, 700 W. Broadway St., is a limited service property with 76 exterior entry rooms, located just blocks from Providence Health & Services St. Patrick Hospital, downtown Missoula and the University of Montana. Across the street from the hotel is Riverfront Park with walking and biking trails, a tennis court and fishing on the Clark Fork River. Missoula is also a whitewater rafting, hiking, golfing and hunting destination.

"This property is in a great location and Red Lion has a good name in Missoula," said Sam Hossain of RASM Properties, LLC, new owners of the hotel. "We look forward to keeping Red Lion guests happy."

Red Lion Hotels Corporation announced in November 2011 it was listing the hotel for sale. The property was listed with CBRE Hotels representative Chris Burdett , the agent responsible for the successful sale of Red Lion Hotel on Fifth Avenue in Seattle, Red Lion Colonial Hotel in Helena, Montana, and the Red Lion Hotel Denver Southeast in Colorado.

About Red Lion Hotels Corporation

Red Lion Hotels Corporation is a hospitality and leisure Company primarily engaged in the franchising, ownership and operation of hotels under its Red Lion , Red Lion Inn & Suites and Leo Hotel Collection brands. As of December 31, 2012, the RLH hotel network was comprised of 48 hotels located in nine states and one Canadian province, with 9,015 rooms and 484,693 square feet of meeting space. The Company also owns and operates an entertainment and event ticket distribution business. For more information, please visit the Company's website at www.redlion.com.

Social Media

www.Facebook.com/RedLionHotels
www.Twitter.com/RedLionHotels
www.YouTube.com/RedLionHotels

Contact:

Pam Scott
Red Lion Hotels Corporation
509-777-6393 (d)
509-570-4610 (c)
Pam.Scott@redlion.com
www.RedLion.com

SOURCE Red Lion Hotels Corporation

###

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

Creamistry
Fresh and trendy liquid nitrogen ice cream mixes with a hot franchise opportunity for your success!
ProSource Wholesale
ProSource is America's largest wholesale home improvement franchise; a truly unique B2B franchise model. Our owners enjoy strong cash flow with...
Ziggi's Coffee
There's nothing quite like the perfect cup of coffee. It wakes you up and gets you on the right path. Now, you've got the chance to build a lifestyle...
Jack in the Box
Loved in 21 states and growing, Jack in the Box is offering select multi-unit restaurant operators a unique opportunity to franchise with an industry...
LaRosa Grill
La Rosa started as a single restaurant in 1994 that has grown today, into a food chain for the most discriminating of taste, authenticity & value.
Share This Page

Subscribe to Franchising Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.