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MarketScreener Homepage  >  Equities  >  Nyse  >  Red Lion Hotels Corporation    RLH

RED LION HOTELS CORPORATION

(RLH)
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Red Lion Hotels : Signs New Franchise Agreement for Red Lion Inn & Suites Kennewick

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05/31/2014 | 06:40pm EST

SPOKANE, WA, May 7, 2014 (GLOBE NEWSWIRE) -- Red Lion Hotels Corporation (NYSE:RLH) announced today its franchise hotel, the Red Lion Inn & Suites Kennewick, was recently sold and the new owner has entered into a franchise agreement to continue to operate the hotel under the brand. As part of the franchise agreement, the new owner will add improvements to the property including a new fitness center. The 61-room property, located at 602 North Young Street, opened in March 2013 as the Red Lion Inn & Suites Kennewick, Washington. The hotel has an indoor swimming pool, serves complimentary breakfast and Wi-Fi to its guests, and is within walking distance to Three Rivers Convention Center and the Toyota Center.

About Red Lion Hotels Corporation:

Red Lion Hotels Corporation (NYSE:RLH) is a hospitality company primarily engaged in the franchising, ownership and operation of hotels. As of May 6, 2014, the company has 54 hotels system wide and 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.Instagram.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

News Provided by Acquire Media

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Financials ($)
Sales 2018 134 M
EBIT 2018 0,03 M
Net income 2018 6,19 M
Debt 2018 -
Yield 2018 -
P/E ratio 2018 29,33
P/E ratio 2019
Capi. / Sales 2018 1,53x
Capi. / Sales 2019 1,86x
Capitalization 205 M
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Number of Analysts 2
Average target price 14,3 $
Spread / Average Target 70%
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Managers
NameTitle
Gregory T. Mount President, Chief Executive Officer & Director
Robert G. Wolfe Chairman
Gary L. Sims Chief Operating Officer & Executive Vice President
Julie A. Shiflett Chief Financial Officer, Treasurer & Executive VP
Michael Vernon Independent Director
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