Red Lion Hotel Corporation Franchise Business Overview
About Red Lion Hotel Corporation
Red Lion Hotels Corporation, established in 1959, is an international hospitality company primarily engaged in the franchising, management and ownership of upscale, midscale and economy hotels under the Hotel RL, Red Lion Hotels, Red Lion Inn & Suites, Settle Inn Extended Stay, Signature Inn, GuestHouse, Americas Best Value Inn, Canadas Best Value Inn and Country Hearth Inn & Suites brands. The company also owns and operates an entertainment and event ticket distribution business under the brand name TicketsWest.
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.
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